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

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 future of on-premise software: why it will never die out

The future of on-premise software: why it will never die out

The digital landscape is changing rapidly, and many are talking about the cloud as the new king of software solutions. But while cloud services undeniably have their advantages, there is one true hero of enterprise software that will never be completely eclipsed: on-premise software. These local software solutions are not a relic of times gone by, but still offer numerous advantages that are essential for many companies today. Just imagine: Your sensitive

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CAFM software and data protection: the inconvenient truths

CAFM software and data protection: the inconvenient truths

Digitalisation is changing the way companies work and the use of CAFM (Computer-Aided Facility Management) software has become essential, particularly in the area of facility management. These software solutions not only offer efficient management of properties, maintenance processes and resources, but also play a crucial role in protecting sensitive data. At a time when data protection is not only a legal requirement but also an important signal of trust for customers, facility managers must

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From reminders to compulsory enforcement: a brief guide to receivables management

From reminders to compulsory enforcement: a brief guide to receivables management

Receivables management is a crucial part of any successful business strategy. In a world where non-payment and late payments are commonplace, it is essential to implement clear processes and systems to manage receivables efficiently. From the first payment reminders to enforcement, there are many steps in receivables management that need to be carefully thought through. A well-structured dunning process and effective accounts receivable management can not only help to protect a company's liquidity, but can also be used to minimise the risk of default.

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

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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The best tools for facility management compared in 2025

The best tools for facility management compared in 2025

The right software solution in FM has long been more than just a tool - it is the key to efficiency, cost control and strategic planning. While companies are increasingly focussing on digital transformation, CAFM and IWMS systems are rapidly gaining in importance. The challenge lies not only in selecting the right technology, but also in intelligent integration that optimises processes and intelligently manages resources. Today, modern building management tools are far more than simple administration software. They

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5 strategies for effective sales planning for companies

5 strategies for effective sales planning for companies

Precise and strategic sales planning has become (or actually always has been) essential for companies. It forms the basis for well-founded decisions, helps with resource allocation and ensures that financial targets are achieved. But how do you implement effective sales planning? Here are five proven strategies that every organisation should consider: Data-based analyses: start with a thorough market and sales analysis. Utilise historical sales data and

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

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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A comparison of target and actual taxation: advantages and disadvantages in tax law

A comparison of target and actual taxation: advantages and disadvantages in tax law

The issue of debit and actual taxation plays a central role in German tax law and has far-reaching consequences for both companies and the self-employed. Essentially, there are two different approaches to sales taxation, each of which has its own specific advantages and disadvantages. Debit taxation is characterised by taxation at the time of performance, regardless of whether the customer has already paid or not. In contrast, the

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Top 5 advantages of a holding structure for small companies

Top 5 advantages of a holding structure for small companies

Even in 2025, choosing the right holding structure will make a decisive difference for small companies. Many entrepreneurs are faced with the challenge of achieving their corporate goals efficiently while minimising risks and optimising their tax burden. A holding company can serve as a strategic tool here, not only to better utilise the legal framework, but also to create numerous synergies within a group of companies. Let's take a look at the five key

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Artists' social insurance: What you need to know

Artists' social insurance: What you need to know

Artists' social insurance is an element of social security for self-employed artists and publicists in Germany. In a professional field that is often characterised by uncertainty and financial fluctuations, this special system offers valuable support. It enables creative people to keep their work in the foreground without having to constantly worry about the financial security of their social needs. The Artists' Social Security Fund (KSK) plays a central role in this by providing administrative and

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Graph databases in computer-aided facility management: revolution or facade?

Graph databases in computer-aided facility management: revolution or facade?

At a time when data is seen as the new oil, we are experiencing a technological revolution in the field of computer-aided facility management. Graph databases are increasingly asserting themselves as an innovative solution to the challenges of managing complex buildings and their technical systems. But do they really represent a ground-breaking innovation or are they just a hyped trend? To answer this question, it is important to analyse the features and benefits of graph databases.

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7 tips for a successful implementation of Computer-Aided Facility Management-systems

7 tips for a successful implementation of Computer-Aided Facility Management-systems

Implementing a computer-aided facility management (CAFM) system can be one of the biggest challenges for FM professionals. Given the complexity of modern buildings and the amount of data that needs to be managed, effective maintenance management is essential. A CAFM system not only provides a centralised platform for monitoring and managing operating costs, but also improves efficiency across the entire building management process. But how can such a system be successfully implemented? To provide you with a structured

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How to protect your limited liability company through effective risk management

How to protect your limited liability company through effective risk management

In corporate management, effective risk management is crucial for any limited liability company. Whilst many directors may be aware of the challenges posed by market developments or competitive pressures, the risk is often not recognised in its entirety. Inadequate risk management can not only lead to financial losses, but also jeopardise the reputation and future of a GmbH. It is time for managing directors of a GmbH to learn to identify risks proactively

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The role of DIN 276 in cost accounting for construction projects

The role of DIN 276 in cost accounting for construction projects

When it comes to cost planning in the construction industry, DIN 276 is almost indispensable (as is DIN 277, but that's not the point here). This standard has established itself as the cornerstone of construction costing and provides both professionals and clients with a clear structure for efficiently recording and managing the financial aspects of construction projects. In today's fast-moving construction industry, where time is money and cost transparency is of paramount importance

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10 common mistakes when choosing CAFM systems (and how to avoid them)

10 common mistakes when choosing CAFM systems (and how to avoid them)

Choosing the right CAFM system can feel like choosing the perfect holiday - there are so many options that it's easy to lose track ("Honey, would you rather go to Bielefeld or the Maldives?"). While you're thinking about the latest CAFM solutions, you might be imagining how your facility management could run more efficiently and smoothly. But before you dive into the next adventure of digital building management, you should

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Error-free service charge settlement [how does it work and why is it important?]

Error-free service charge settlement [how does it work and why is it important?]

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.

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