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Accounting

The 10 most common mistakes in accounts payable and how to avoid them

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. [...]

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10 accounting mistakes that could ruin your business

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

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The secrets of financial accounting: What no accountant will tell you

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

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The basics of e-balance sheets: what every company should know

The electronic balance sheet, also known as the e-balance sheet, is a topic that challenges SMEs in particular every year ("What was that again, Mr Müller, with the e-bill?"). Companies are faced with the challenge of meeting the requirements of the digital transformation. And the e-balance sheet is a central component of this process. It enables the efficient and error-free preparation and submission of annual financial statements in a digital format. At least in terms of the idea.

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Mandatory e-invoices: what companies need to know in 2025

The e-invoicing obligation, which will come into force in Germany from 2025, is a significant step towards digitalisation and increased efficiency in accounting. Companies need to prepare for this new legal regulation now in order to avoid potential penalties or delays in payment transactions. The 2025 e-invoicing obligation not only affects large companies, but also smaller businesses that work with public sector clients. According to the EU directive on e-invoices, electronic invoices will be mandatory from 2025,

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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

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The importance of debit positions in accounting: everything you need to know

The debit position plays an important role in accounting. It is an essential part of accounting and is used to record and monitor the financial situation of a company. In this article, we will take a closer look at the debit position, explain its importance in accounting and explain the process of creating it. What is a debit position in accounting? The debit position is an important statement in a company's accounting.

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