Basics of WEG accounting
compact - practical - understandable
Contents
Legal bases according to the WEG/WEMoG
- Establishment of condominium ownership.
- Declaration of division/community regulations.
- Resolutions of the community of apartment owners.
- Appointment of the administrator (administrator contract).
- Principles of proper (commercial) management.
- Right of inspection of the apartment owner.
Further legal bases for commercial WEG management
- Accounting according to BGB.
- Operating Costs Ordinance.
- Heating Cost Ordinance.
- German Commercial Code (documentation, voucher and retention principle).
- Bureaucracy Relief Act IV.
- Growth Opportunities Act (e-invoices)
- EU-DSGVO/BMF letters/judgments.
Basic principles of WEG accounting
- Fiduciary accounting (control and information principle).
- Income/expenditure statement (inflow/outflow principle).
- Single/double-entry bookkeeping.
Tasks of WEG accounting
- Implementation of generally accepted accounting principles.
- Business plan (overall individual business plan).
- Current accounting (income and expenses).
- Account management/chart of accounts/account classes.
- Management account and reserve accounts.
- Payment transactions/dunning/liquidity planning.
- Annual statement (total/individual statement).
- Asset report.
- Tax certificates according to §§ 35a EstG.
Special features
- Change of ownership during the year.
- Integrated heating cost billing.
- Sales tax option.
- Special allocations.
Learning environment
Your benefit
- You will find out which different legal bases are used in condominium property accounting.
- You will get to know the principles of condominium accounting and will be able to distinguish them from the accounting obligation under the German Commercial Code (HGB).
- You know how to manage accounts, make ongoing postings during the year and prepare the annual accounts.
- You recognize the requirements of liquidity planning and the processing of payment transactions.
- You are aware of the legal obligation to prepare annual business plans, annual statements, asset reports, and tax certificates in accordance with Section 35a of the German Income Tax Act (EStG).
Further training in accordance with MabV.
Methods
trainers, exemplary booking processes, case studies, discussion and exchange of experience.
Recommended for
COA and property managers, employees from commercial COA management/COA accounting, advisory board members and owners who would like to deepen or improve their knowledge of COA accounting.
31278
- Customized training courses
- Direct application in practice
- Efficient use of time and resources
Further recommendations for "Basics of WEG accounting"
You might also be interested in:
Start dates and details

Tuesday, 07.07.2026
09:00 am - 5:00 pm
- one joint lunch per full seminar day,
- Catering during breaks and
- extensive working documents.

Monday, 09.11.2026
09:00 am - 5:00 pm
- one joint lunch per full seminar day,
- Catering during breaks and
- extensive working documents.
- one joint lunch per full seminar day,
- Catering during breaks and
- extensive working documents.
FAQs: Frequently Asked Questions About training: Basics of WEG Accounting
This training you the basics of WEG accounting step by step in a practical way. You’ll learn about the most important processes, legal frameworks, and accounting principles. This will help you better understand and handle typical day-to-day administrative tasks with greater confidence.
Condominium accounting is subject to its own legal and organizational requirements. In training , you training how fiduciary management differs from traditional commercial accounting obligations. This will help you better understand the unique aspects of condominium management and avoid mistakes in your day-to-day work.
In training the basics of bookkeeping and how to record income and expenses on an ongoing basis. This will give you a better understanding of how cash flows are tracked and what to look out for in your daily bookkeeping. It will also give you more confidence when handling routine administrative tasks.
Annual billing is one of the key tasks in condominium management. In training , you training how both the overall and individual bills are structured and what preparatory work is required. This will help you better understand the relationships involved and prepare or review bills more professionally.
During training, you will learn about the legal requirements for overall and individual business plans and how they are structured. This will enable you to prepare financial plans in a more structured way and explain financial relationships to owners in a clearer manner.
With a practical understanding of accounting processes, you’ll feel more confident when dealing with owners, board members, and service providers. You’ll be able to explain concepts more clearly, answer questions with greater insight, and prepare decisions in a way that’s easier to understand. This will strengthen your professional expertise and help you feel much more confident in your day-to-day work.