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As a landlord, creating e-invoices can be a real challenge - especially if you want to ensure that everything is done correctly and on time. In a world where paper invoices are almost a relic of the past, we need to look at digital solutions that not only save us time and hassle, but also fulfil legal requirements. Did you know that the right e-invoice not only makes your accounting easier, but [...]
E-bill for landlords: Some tips 2025 Read more »
In the world of accounts payable, errors are not only annoying, they can also have significant financial consequences. Many companies face the challenge of organising their accounting processes efficiently while keeping costs under control. Common stumbling blocks in accounts payable management can easily lead to delays, unnecessary expenses and dissatisfied suppliers. It is therefore crucial to recognise the most common mistakes and take appropriate measures to avoid them.
The 10 most common mistakes in accounts payable and how to avoid them Read more »
In the world of financial accounting, there is often confusion about what services a financial accountant and a tax accountant each provide and who actually needs what. Whilst both professions play a central role in finance, their roles and responsibilities differ significantly. This differentiation is particularly important for companies that want to manage their financial obligations efficiently. So let's take a closer look at the differences between a financial accountant and a tax advisor
Financial accountant vs. tax consultant: who needs what? Read more »
Accounting is the backbone of every company, but it also harbours a number of pitfalls that can cause even the most experienced entrepreneur to falter. A surprising number of companies are confronted with serious accounting errors that not only result in financial losses, but can even jeopardise the existence of the company. In this article, we take a look at the ten most common accounting mistakes to avoid - and how you can ensure
10 accounting mistakes that could ruin your business Read more »
Financial accounting is a crucial aspect of any business that is often fraught with misunderstanding and uncertainty. It's often the little secrets that accountants don't reveal - secrets that can have a significant impact on a company's financial well-being. If you want to find your way in the world of accounting, you should bear the following important points in mind: The role of financial accounting Financial accounting is the backbone of accounting. It ensures the
The secrets of financial accounting: What no accountant will tell you Read more »
Property accounting is a central part of property management, and error-free service charge accounting is one of the biggest challenges for property managers. To fulfil the responsibilities of a property manager, it is crucial to implement the right methods and tools to ensure transparency and efficiency in accounting. According to a survey conducted by Statista in 2023, over 60 % of property managers stated that accurate utility bills are crucial for satisfaction.
Error-free service charge settlement [how does it work and why is it important?] Read more »
Accruals and deferrals play a crucial role in accounting, especially when it comes to accurately reflecting the economic reality of a company. Accruals and deferrals are fundamentally different from accruals and deferred income. But what exactly does this mean for your company? And why is it so important to understand these differences? Prepaid expenses represent future expenses that have already been paid but will only be recognised as an expense in future periods. These are
Prepaid expenses compared to deferred income: the most important differences Read more »
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 »
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 »
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 »
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 »
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 »
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 »
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 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 »
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 »
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 »
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 »
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 »
