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Prepaid expenses compared to deferred income: the most important differences

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 [...]

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Municipal operator responsibility: What is it?

If you're a municipal operator or looking to become one, it's crucial to understand the roles, regulations and best practices that come with the job. From ensuring compliance with standards to overcoming common challenges, proper training and certification are essential to ensure competence and safety. We will look at the responsibilities of community operators, the importance of compliance and the resources that

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The advantages of Platform as a Service (PaaS)

Platform as a Service (PaaS) is a cloud computing service that provides developers and organisations with a platform to develop, deploy and manage applications without the complexity of infrastructure management. PaaS enables developers to create, test and deploy applications quickly and efficiently without having to worry about the underlying infrastructure. This service offers a variety of tools and services that facilitate the development and deployment of applications, including databases,

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Cost accounting: Efficient costing for companies

Cost accounting is an essential part of business accounting and plays a crucial role for companies. It makes it possible to analyse a company's cost structure and understand how resources are used. Cost accounting helps companies to control their costs, improve their efficiency and make informed decisions. In this article, we will take a closer look at cost accounting and examine its various aspects. Key Takeaways Cost accounting is important

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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

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Efficient facility management: how a professional service can reduce your operating costs

Facility management is an important part of corporate management that deals with the efficient administration and maintenance of buildings, facilities and resources. It encompasses a wide range of tasks, including maintaining buildings, ensuring a safe working environment, managing suppliers and service providers and optimising operational processes. Facility management plays a crucial role in the smooth running of the organisation and employee satisfaction. What is Facility Management

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Efficient order management: What is order management and how can it optimise your company?

Efficient order management is of great importance for companies as it optimises the entire ordering process and improves customer satisfaction. Order management covers all steps from the customer's order to the delivery of the product or service. It is important that this process runs smoothly in order to save time and money and increase customer satisfaction. Definition of order management: what it is and why it is important Order management refers to

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