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Financial management

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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The future of municipal operations: Digitalisation and AI in finance

Digitalisation has played an increasingly important role in the financial management of municipal companies in recent years. Processes can be optimised, costs reduced and transparency increased through the use of digital technologies. The automation of financial processes enables municipal companies to use their resources more efficiently while minimising the error rate. In addition, digitalisation opens up opportunities for innovative business models and services that benefit residents and local businesses. Another important aspect

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What is ERP software?

ERP (Enterprise Resource Planning) software is a comprehensive management system for companies that integrates various business processes into a standardised platform. This software enables the efficient planning, control and management of company resources in areas such as finance, human resources, warehousing, production and sales. Core functions of ERP systems include Centralised data management Process automation Real-time reporting Improved collaboration between departments Optimised resource utilisation The implementation of ERP software requires careful planning and can have a significant impact on company operations. Companies must

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What is the difference between property management and asset management?

Property management and asset management are two important terms in the property sector that are often confused. Both play a crucial role in the management of property, but have different tasks and responsibilities. In this article, we will take an in-depth look at the definitions, tasks and co-operation between property management and asset management. Definition of property management Property management refers to the management of property on behalf of the owner. The

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Bookkeeping: Tips and tricks for bookkeeping according to recognised standards

Want to improve your bookkeeping skills and set your business up for financial success? We'll cover the key components of good bookkeeping, common mistakes to avoid and how bookkeeping can help your business make sound financial decisions. Discover the benefits of outsourcing bookkeeping services and how proper bookkeeping contributes to the overall success of the business. From maintaining invoicing to understanding and tracking expenses, we'll give you

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Efficient property management with a modern software solution

Efficient property management is of great importance for property managers and owners. In this blog post, we will look at the definition and importance of efficient property management. We will also look at how modern software solutions can make property management more efficient. We will also look at the functions and features of good property management software and how these can benefit property managers and owners. In addition, we will explore the benefits of a centralised database

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