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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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Maintenance vs. repair: the differences must be clear!

In construction operations and facility management, the terms "maintenance" and "repair" are of crucial importance, but many professionals often use them interchangeably without recognising the fundamental differences. While maintenance focuses on measures to preserve the operational efficiency and safety of technical systems, repair refers to specific measures to restore defective systems. This distinction is not merely academic; it has practical implications for costs, resource management and strategic planning in the

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How to identify and manage toxic employees in the team

They exist in every professional environment - the toxic employees who lie like a shadow over the team dynamic. Their presence can have a significant impact on morale and productivity. It is therefore crucial to identify toxic behaviours early and manage them effectively. Management plays a central role in this, particularly in areas such as human resources management and conflict management. To identify toxic employees, managers should look out for specific signs: Negative attitude: frequent complaints or

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Optimise your SAP system in 2025 for better property management

Property management is a complex discipline that has become particularly challenging in the current environment ("...do we already have this AI, Mrs Müller?"). Implementing an optimised SAP system can significantly increase efficiency. Whether you're working with CAFM, IWMS or other facility management systems (we hope it's not EXCEL, are we?), the right configuration of your SAP can mean the difference between a smooth operation and a frustrating challenge.

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The management dilemma: flexibility vs. control in the world of work

Many companies are faced with a dilemma: how much flexibility can they grant their employees without losing control of the company's goals and processes? This question is particularly relevant in the context of management, as it is crucial to find a balance between freedom and structure. While flexibility fosters creativity and innovation, control is essential to ensure efficiency and quality. The challenge is how management styles can be adapted in order to

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Top New Year's resolutions 2025 for managers

The New Year is just around the corner and with it comes the opportunity for managers to make fresh New Year's resolutions that can not only promote personal growth but also create a positive company culture. At a time when challenges and change are the order of the day, self-care in management is becoming increasingly important. The question is: how can we design New Year's resolutions in the organisation so that they both meet the individual goals of managers and support the company's culture?

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Christmas Eve around the world: customs and traditions from different countries

When we talk about Christmas Eve, many of us immediately think of the reflective time when families come together to exchange gifts and enjoy festive meals. But what seems like a familiar tradition to us is often very different in other countries! Christmas Eve is celebrated in many different ways around the world - each culture has its own customs and traditions. From festive markets in Germany to warm celebrations

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Implementation of CAFM software: Rollout in 3 months

Implementing CAFM software can be very exciting - but it can also be fraught with setbacks and hopefully many successes. Significant progress can be made in just three months if you plan carefully and take a strategic approach. The introduction of Computer Aided Facility Management (CAFM) is not just a technical step, but a profound change in the way we organise our facility management. If you are wondering how to

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LEED and BREEAM in Germany: focus on sustainable construction

LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method) are two of the best-known certification systems for sustainable construction worldwide. LEED was developed in the USA and has become a global standard for environmentally friendly construction since its introduction in 1998. It assesses buildings based on various criteria, including energy efficiency, water management, choice of materials and interior quality. BREEAM, on the other hand, originated in the United Kingdom and was launched in 1990.

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Operator responsibility: The most important requirements in Germany

Operator responsibility is a key issue in facility management and presents operators with a variety of challenges. In Germany, the legal requirements for operator responsibility are clearly defined and essential for the smooth operation of buildings and facilities. This responsibility extends across various areas, including occupational health and safety, fire safety and environmental protection, and includes a range of obligations that must be observed in order to avoid legal consequences. According to a study by the Institute for

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ISO 22301: The underestimated standard that can save your company

The ISO 22301 standard, also known as the international standard for business continuity management (BCMS), is an often overlooked key to organisational stability and resilience. At a time when organisations are faced with unforeseen challenges such as natural disasters, cyber-attacks or global pandemics, the importance of effective business continuity management is becoming increasingly clear. According to a study conducted by the Business Continuity Institute in 2021, 73% of companies found that they were not optimally

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Are CAFM software market leaders really the best solutions for every company?

There is a recurring question in the world of facility management software: Are CAFM software market leaders really the best solutions for every company? And what does that even mean? Is there such a thing as "the" market leader? The debate is as complex as the functions of the various CAFM systems, and there are numerous aspects that need to be taken into account when considering this. Many companies rely on the leading CAFM solutions to optimise their operations, and that

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The most important advantages of a rolling forecast for small companies

Accurate financial planning is essential for SMEs. A rolling forecast, also known as a rolling forecast, has proven to be an effective method to help companies remain flexible and adaptable. In contrast to static budgeting approaches, a rolling plan enables continuous adjustment of financial forecasts and provides a dynamic overview of future developments. But what are the specific benefits of a rolling forecast for small businesses? Let us

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How digital twins are revolutionising the building life cycle

At a time when digitalisation is finding its way into all areas of life, the introduction of digital twins is playing an increasingly important role in building management. Digital twins are virtual replicas of physical buildings and provide a deeper insight into the entire building life cycle. From the planning phase through to utilisation and maintenance, they offer a wide range of benefits that not only increase efficiency but can also significantly reduce life cycle costs. This technology is not only revolutionising

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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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How D&O insurance can save your career as a manager

Not only since the start of the trial against Markus Braun (ex-CEO of Wirecard) has it become clear that managers are constantly exposed to a variety of risks. These risks can affect not only the company, but also personal liability claims against the managers themselves. It is therefore essential to look into D&O insurance (Directors and Officers insurance). This special liability insurance protects managers against financial losses caused by wrong decisions or breaches of duty in the course of their professional activities.

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How to recognise that your career has come to an end and what to do next

A career is often an exciting journey that takes us through highs and lows. But there are moments when we need to stop and reflect: Is this the end of my career? The signs of a possible career end are manifold and range from a constant feeling of dissatisfaction to a serious crisis of meaning in the job. According to a study by the Institute for Employment Research (IAB), around 30% of employees have

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