Accounting

Bookkeeping for beginners: A comprehensive guide for newcomers

Bookkeeping can seem like a huge maze, especially when you're just starting out. But don't worry. Because every one of us has taken that first step and asked ourselves, "Where do I start?" The world of financial accounting, payroll and bookkeeping can be overwhelming, but with the right guide, it quickly becomes comprehensible. According to numerous studies, companies that manage their accounting efficiently are more likely to be financially successful. But how [...]

Bookkeeping for beginners: A comprehensive guide for newcomers Read more »

Debit positions in accounting: A comprehensive guide for beginners

The debit position in accounting is a fundamental concept that is of great importance to both managers and experienced financial accountants. It refers to the planned or expected status of accounts at a particular point in time. This information is crucial not only for financial accounting, but also for preparing accurate financial statements and monitoring company finances. A well-structured understanding of the debit position can help you to avoid accounting errors.

Debit positions in accounting: A comprehensive guide for beginners Read more »

The most important tasks of a property manager

Letting properties is a central component of professional property management. An efficient letting strategy ensures a continuous cash flow and minimises vacancy periods. The core tasks include the creation of market-oriented exposés, target group-oriented marketing via various media channels and the organisation and implementation of viewing appointments. Careful credit checks on potential tenants and the drafting of legally compliant tenancy agreements are further essential steps in the letting process. Rental pricing is based on a sound market analysis, taking into account factors such as

The most important tasks of a property manager Read more »

The future of municipal operations: Digitalisation and AI in finance

Digitalisation has played an increasingly important role in the financial management of municipal companies in recent years. Processes can be optimised, costs reduced and transparency increased through the use of digital technologies. The automation of financial processes enables municipal companies to use their resources more efficiently while minimising the error rate. In addition, digitalisation opens up opportunities for innovative business models and services that benefit residents and local businesses. Another important aspect

The future of municipal operations: Digitalisation and AI in finance Read more »

VAT obligation for electronic services: What does §2b UStG mean

The VAT liability for electronic services in accordance with Section 2b UStG is a central regulation in German tax law. It defines the tax obligations for companies that provide electronic services. Electronic services are digital products and services that are provided via electronic networks. This provision has far-reaching effects on the tax treatment of companies in the digital sector. § Section 2b UStG specifically regulates the VAT liability for legal entities under public law that

VAT obligation for electronic services: What does §2b UStG mean Read more »

Housing management: tasks and cooperation

Flat management is an essential part of property management. It comprises various areas of responsibility that ensure the smooth running of the tenancy between tenants and landlords. The main tasks include the letting of residential units, the billing of operating costs, the maintenance and servicing of the property and communication between all parties involved. Effective property management is characterised by expertise, reliability and transparency. It has in-depth knowledge of tenancy law and ensures the correct management of the property.

Housing management: tasks and cooperation Read more »

What is GASB 87 Leasing?

The new GASB 87 lease accounting standard is a significant change in accounting for government agencies and government organisations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recognition and presentation of leases in the financial statements of governmental entities. GASB 87 became effective on 15 December 2019 and has a significant impact on the accounting and financial reporting of government entities. The new standard replaces GASB 13 and introduces significant

What is GASB 87 Leasing? Read more »

Property management: tips and tricks

Property management plays a crucial role in the administration of property and land. It encompasses a variety of tasks that ensure the property is properly managed and retains its value. These include letting properties, maintaining and repairing buildings, complying with regulations and legislation, bookkeeping and communicating with tenants and owners. Effective property management can help to increase the value of the property,

Property management: tips and tricks Read more »

What is the difference between property and facility management?

Property management and facility management are two important areas in the property sector that are often confused with each other. Both play a crucial role in the management and maintenance of property, but have different responsibilities and tasks. In this article, we will take an in-depth look at the definitions, differences, common goals and importance of property and facility management for property owners and occupiers. Definition of property management Property management refers to the

What is the difference between property and facility management? Read more »

What is the difference between property management and asset management?

Property management and asset management are two important terms in the property sector that are often confused. Both play a crucial role in the management of property, but have different tasks and responsibilities. In this article, we will take an in-depth look at the definitions, tasks and co-operation between property management and asset management. Definition of property management Property management refers to the management of property on behalf of the owner. The

What is the difference between property management and asset management? Read more »

Optimisation of accounts payable processes

The optimisation of accounts payable processes is an important step for companies to increase their efficiency and productivity. Accounts payable processes include all activities associated with the processing of invoices and payments to suppliers. This includes entering invoices, checking invoice data, authorising payments and posting payments to the system. Optimising these processes is important in order to identify and eliminate bottlenecks and weak points. Through

Optimisation of accounts payable processes Read more »

Optimising operating costs: tips for greater efficiency.

Operating costs are the costs that a company has to incur for the operation of its business activities. These include expenses such as rent, energy costs, maintenance costs and insurance. Optimising these operating costs is very important for companies as they can have a significant impact on profitability and competitiveness. This article presents various ways to optimise operating costs, including energy efficiency, efficient use of resources, use of technology, regular operating cost reviews, outsourcing, sustainability and staff training. The importance of

Optimising operating costs: tips for greater efficiency. Read more »

VAT: Everything you need to know

Turnover tax, also known as value added tax (VAT), is an important tax in Germany. It affects both businesses and consumers and plays a crucial role in the German tax system. It is therefore of great importance to understand VAT and its impact on business and transactions. Key Takeaways Sales tax is a tax on the turnover of businesses. Any business that sells goods or services is subject to

VAT: Everything you need to know Read more »

Efficient controlling with a chart of accounts: How to keep an overview

A chart of accounts is an essential tool in a company's controlling. It enables the systematic and structured recording and monitoring of a company's financial activities. In this article, we will explain what a chart of accounts is, why it is important for controlling and how it can be created and used to improve a company's financial performance. Key Takeaways A chart of accounts is an important tool for controlling. To create a

Efficient controlling with a chart of accounts: How to keep an overview Read more »

Bookkeeping: Tips and tricks for bookkeeping according to recognised standards

Want to improve your bookkeeping skills and set your business up for financial success? We'll cover the key components of good bookkeeping, common mistakes to avoid and how bookkeeping can help your business make sound financial decisions. Discover the benefits of outsourcing bookkeeping services and how proper bookkeeping contributes to the overall success of the business. From maintaining invoicing to understanding and tracking expenses, we'll give you

Bookkeeping: Tips and tricks for bookkeeping according to recognised standards Read more »

Accounting terms: The ABC of the financial world

Accounting is an essential part of any business, regardless of its size or industry. Proper bookkeeping allows companies to monitor their financial situation, make decisions based on accurate data and fulfil legal requirements. In this blog post, we will cover the most important accounting topics and give you a comprehensive overview of the different aspects. Key takeaways Bookkeeping is the systematic recording and processing

Accounting terms: The ABC of the financial world Read more »

CAFM software: Everything you need to know as a dummy ;-)

Are you new to the world of CAFM software and wondering what it's all about? In this comprehensive guide, we'll cover everything you need to know as a newbie. From the features and benefits of CAFM software to the different types available, we'll explore how it works and how you can choose the right one for your needs. Whether you're looking to implement CAFM software in your organisation or simply want more

CAFM software: Everything you need to know as a dummy ;-) Read more »

Accounting for small businesses: What do I need to consider in 2024?

Bookkeeping is very important for small business owners as it helps them keep track of their financial situation and run their business effectively. In this blog post, we will cover the different aspects of bookkeeping for small businesses and give tips on how to organise it efficiently. Key Takeaways Bookkeeping is a legal requirement for small business owners Small business owners can choose between cash basis accounting and balance sheet accounting Small business owners must keep certain records

Accounting for small businesses: What do I need to consider in 2024? Read more »

Bookkeeping: The most important aspects of legally compliant bookkeeping [Update!]

Accounting is an essential part of every company. It enables the company's financial situation to be monitored, transactions to be tracked and reports to be prepared. Proper bookkeeping is crucial to ensure the success of a business and to fulfil legal requirements. In this article, we will take a closer look at the importance of bookkeeping for businesses and highlight the different aspects of bookkeeping. Key Takeaways Bookkeeping is the systematic

Bookkeeping: The most important aspects of legally compliant bookkeeping [Update!] Read more »

Bookkeeping for beginners: the most important basics explained

Accounting is an essential part of every company, regardless of its size or sector. It involves the systematic recording, organising and recording of all financial transactions that a company undertakes. In this blog post, we will take a closer look at the different aspects of bookkeeping to gain a better understanding of its importance and requirements. Key Takeaways Bookkeeping is the systematic recording and analysing of business transactions. Companies need to keep accounts when

Bookkeeping for beginners: the most important basics explained Read more »

Dark Mode
de_DE
de_DE
Scroll to Top