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Controlling

Budget management for SMEs: Is self-build the better solution?

When it comes to budget management for SMEs, many entrepreneurs are faced with a crucial question: is DIY ("do it yourself") the better solution? In times when every euro counts, it can be tempting to rely on home-made solutions. But is this really the right way to go? Let's take a look together. Firstly, it's important to understand that when it comes to budgeting for [...]

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Effective project budgeting: tips and tricks

Project budgeting is an essential part of project management. It is used to precisely plan, monitor and control the financial resources of a project. Accurate budgeting is essential to ensure compliance with the financial framework conditions and to achieve the project objectives at the same time. Through careful budget planning, financial bottlenecks can be identified at an early stage and proactively addressed, which increases the overall efficiency of the project. Efficient project budgeting enables the optimal allocation of financial resources by ensuring that

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The most important corporate management tools

Corporate management tools are essential aids for the effective management and control of companies. They cover various areas such as strategic planning, organisational structure, human resources, controlling, innovation management and risk management. These tools enable managers to optimise company performance, reduce risks and ensure sustainable success. The importance of corporate management tools for a company's success is undisputed. They provide managers with the necessary means to make informed decisions and improve performance. The targeted use of these tools can

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Real estate profit centre accounting and profitability in FM

The property profit centre calculation is a key tool in facility management for assessing the profitability of properties. It enables a transparent presentation of the costs and income of a property, which facilitates well-founded decisions. Various types of costs are taken into account in the calculation, including maintenance, operating, administration and financing costs. These are compared with income from rental income, utility bills and other sources. As a controlling tool, the property profit centre calculation is used to analyse and optimise the profitability of properties. In an environment of rising

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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

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Optimisation of the HR department: focus on human resources

The human resources (HR) department plays a crucial role in the success of a company. It is responsible for attracting and retaining talent, developing employees, ensuring legal compliance and much more. An effective HR department can help an organisation achieve its goals and create a positive working environment. This article explores various aspects of the HR department and its importance to business success. Key Takeaways One

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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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