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CAFM-Blog.de | Accounting Methods: A Guide

Accounting Methods: A Guide

Accounting is a central element of financial accounting and plays a crucial role in the financial reporting of companies. It makes it possible to present a company's assets, financial situation, and earnings situation at a specific point in time. The choice of accounting method has far-reaching effects on the presentation of a company's financial situation and can thus also influence the decisions of investors, creditors, and other stakeholders. In practice, there are various [...]

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CAFM-Blog.de | The 10 Most Common Accounting Mistakes and How to Avoid Them

The 10 Most Common Bookkeeping Mistakes and How to Avoid Them

Bookkeeping is the backbone of any company, regardless of its size or industry. It not only allows for the recording of all financial transactions but also ensures that you meet your tax obligations and that strategic decisions are based on sound data. According to a survey by the Federal Association of Tax Advisors, over 40% of companies state that they have already suffered significant financial disadvantages due to errors in bookkeeping. But despite

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CAFM-Blog.de | Value Added Tax Obligation for Electronic Services: What Does §2b UStG Mean

VAT Liability for Electronic Services: What Does §2b UStG Mean?

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

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CAFM-Blog.de | What you need to know about trade tax

What you need to know about trade tax

Trade tax is a municipal tax levied by companies and self-employed individuals on their business income. It represents a significant source of revenue for municipalities and serves to finance local infrastructure and public services. The calculation is based on business income, which is derived from company profits. The trade tax multiplier is set individually by each municipality and usually varies between 200% and 500%. As a municipal tax, the collection and assessment of trade tax are the responsibility of

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CAFM-Blog.de | Real Estate Profit Center Accounting and Economic Efficiency in FM

Real Estate Profit Center Accounting and Economic Efficiency in FM

Real estate profit center accounting is a central tool in facility management for evaluating the economic efficiency of properties. It enables a transparent presentation of a property's costs and revenues, facilitating informed decisions. The calculation considers various types of costs, including maintenance, operating, administrative, and financing costs. These are contrasted with revenues from rental income, ancillary cost settlements, and other sources. As a controlling instrument, real estate profit center accounting serves to analyze and optimize the profitability of properties. In an environment of rising

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CAFM-Blog.de | TEMU: Bargains or expensive plastic waste?

TEMU: Bargains or expensive plastic waste?

In the digital shopping world, TEMU has established itself as a popular platform, but the debate about its business models remains controversial. Many consumers are tempted by the low prices and seemingly endless offers in the TEMU online shop, while others wonder if these savings come at the expense of quality and ethical standards. Some important aspects to consider in this discussion are: Pricing: How can TEMU offer such affordable products? Where

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CAFM-Blog.de | Accounting for Small Businesses: What Do I Need to Consider in 2024?

Bookkeeping for Small Business Owners: What Do I Need to Consider in 2024?

Accounting is of great importance for small business owners, as it helps them keep an eye on their financial situation and manage their businesses effectively. In this blog post, we will cover the various aspects of accounting for small businesses and provide tips on how to organize it efficiently. Key Takeaways Bookkeeping is legally required for small business owners Small business owners can choose between income-surplus calculation and balance sheet accounting Small business owners must keep certain documents

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CAFM-Blog.de | Bookkeeping: The Essentials for Legally Compliant Bookkeeping [Update!]

The Importance of Accrual Accounting in Bookkeeping: Everything You Need to Know

In accounting, accrual posting plays an important role. It is an essential part of accounting and serves to record and monitor a company's financial situation. In this article, we will delve deeper into accrual posting, explain its significance in accounting, and outline the process of its creation. What is accrual posting in accounting? Accrual posting is an important statement in a company's accounting.

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