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Expenditure

OPEX in facility management: clever optimisation of operating costs

The optimisation of operating costs, also known as OPEX (operational expenditure), plays a crucial role in facility management. In times of rising energy prices and increasing demands on operational efficiency, it is essential to develop a clear strategy for reducing running costs. Companies are faced with the challenge of minimising their operating expenses without compromising the quality of their services or products. So the question is: how can OPEX be cleverly [...]

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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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A guide to sustainable receivables management in small companies

Effective receivables management is particularly important for small companies and SMEs. When it comes to securing liquidity and minimising payment defaults, dunning plays a central role. A well-structured debt collection strategy not only helps to manage outstanding receivables, but also strengthens customer relationships through targeted communication and professional payment monitoring. According to a study by Creditreform, around 75% of all companies are affected by payment defaults, which makes the

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Cloud integration into existing systems: Efficient connection of cloud services

Cloud integration refers to the process of networking various cloud-based applications, services and platforms to enable efficient and seamless utilisation of data and resources. This process includes both the connection of local systems with cloud services and the integration of various cloud services with each other. Cloud integration enables companies to optimise their IT infrastructure, improve scalability and increase their flexibility. It enables access to a wide range of resources and functions from different providers without having to

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Administrative modernisation with CAFM

Computer Aided Facility Management (CAFM) is an integrated software solution for managing property and technical facilities. It includes various functions such as resource management, maintenance planning, space management and operating cost recording. CAFM systems enable centralised data management and process optimisation in facility management. The use of CAFM software leads to a simplification and increased efficiency of administrative processes. This results in time and cost savings as well as increased productivity. The systematic planning of maintenance and servicing measures can also increase the availability and efficiency of the facility.

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Efficient contract management according to §2b UStG

The introduction of Section 2b of the German Value Added Tax Act (UStG) has a significant impact on contract management in legal entities under public law. This paragraph regulates the VAT treatment of services provided by legal entities under public law. In contract management, this means that public law entities must review their activities for their VAT relevance. This applies in particular to services that are provided within the scope of public authority, as well as co-operations between public institutions. The correct

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VAT obligation for electronic services: What does §2b UStG mean

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

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Legacy software: upgrade or replace?

Legacy systems play a central role in the modern corporate landscape and form the foundation for numerous business processes. These systems, which have often been in use for decades, have established themselves as reliable and robust platforms. They house critical company data and processes that are essential for smooth business operations. Many organisations rely on legacy software to run their day-to-day operations and achieve strategic goals. Because of their importance in areas such as ERP,

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Hydraulic balancing: optimisation and efficiency of the heating system

Hydraulic balancing is a procedure used to optimise the settings of heating systems. It involves adjusting the flow of heating water in the individual radiators so that all rooms are heated evenly and efficiently. This is done by adjusting the valves on the radiators to ensure that each room receives the right amount of heat. Hydraulic balancing is particularly important in larger buildings or systems with many radiators, as

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Efficient management of debtors

Accounts receivable play a crucial role for companies as they have a major impact on liquidity and profitability. Effective accounts receivable management is therefore of great importance to minimise payment delays and defaults. In this blog post, we will explore and discuss various strategies and measures to improve accounts receivable management. Key Takeaways Accounts receivable are customers who owe money to the organisation and play an important role in financial planning. Effective strategies

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Optimise space management with CAFM software

CAFM software stands for Computer Aided Facility Management and refers to the use of software to manage buildings and facilities. An important component of CAFM is space management, which deals with the efficient utilisation of rooms and spaces. In this article, we will take a closer look at the importance of space management in CAFM software. Key takeaways Space management in CAFM software refers to the management and optimisation of space and facilities.

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Depreciation: How to save taxes

Depreciation is an important aspect for businesses and individuals to understand their financial situation and save tax. It is important to understand how assets depreciate over time and how this can affect the tax burden. In this article, we will explore the different types of depreciation, how it is calculated and how it affects the balance sheet and income statement. Key Takeaways

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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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Hotpatching explained: What does it mean and how does it work?

Hotpatching is a term used in IT security and refers to a method of applying software patches to a running system without the need for a reboot. Unlike traditional patching methods, which require the system to be shut down, hot patching allows software components to be updated in real time without interrupting operations. The history of hotpatching dates back to the late 1990s, when Microsoft introduced this method.

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Efficient order management: How to optimise your processes and save time

Efficient order management is crucial for the smooth running of a company. It enables effective processing of orders, optimal communication with customers and suppliers and minimisation of errors and customer satisfaction. In this article, we will take a closer look at the importance of efficient order management and discuss various measures to optimise processes. Why efficient order management is important Efficient order management has a direct impact on business processes and customer satisfaction.

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What is the difference between operating leasing and finance leasing?

Leasing is an important financing method for companies, especially those that need to make large investments but do not have sufficient capital. It allows them to use assets such as machinery, vehicles or property without having to buy them. There are different types of leases, including operating leases and finance leases. In this article, we will explore the differences between these two types of leases and analyse their impact on businesses. Key Takeaways

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IFRS 16 Leasing: What companies need to know about the new regulations

The International Financial Reporting Standards (IFRS) are a series of accounting standards developed by the International Accounting Standards Board (IASB). One of the latest standards is IFRS 16, which came into force in January 2019. This standard has a significant impact on lease accounting and is therefore of great importance to companies. What is IFRS 16 and why was it introduced? IFRS 16 is an accounting standard,

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IFRS 16 example: How the new lease accounting changes financial reporting

The International Financial Reporting Standards (IFRS) are internationally recognised accounting standards that are applied by companies all over the world. One of the latest standards is IFRS 16, which relates to lease accounting. This standard was developed to improve the transparency and comparability of financial information and to give investors a better basis for their decisions. In this article, we will take a closer look at IFRS 16 and

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Software in the property sector: definition and application

Software in the property sector refers to specially developed programmes and applications that are used in the property industry. These software solutions are used to support and optimise various aspects of property management. They offer functions such as property management, broker support, financing and valuation processes. Property software is an important part of modern property management and plays a crucial role in increasing efficiency, reducing costs, improving customer satisfaction and decision-making. Why is software in the property sector

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