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Liquidity

Accounts receivable accounting for SMEs: 10 tips for optimisation

Accounts receivable is critical for small businesses, as it not only affects the financial health of the company, but also significantly shapes relationships with customers and partners. In a world where liquidity often makes the difference between a thriving business and insolvency, it is essential to implement effective accounts receivable management. This accounting discipline encompasses all processes relating to the management of trade receivables - [...]

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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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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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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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Lease accounting: new rules and effects

Lease accounting is a key aspect of accounting that is of great importance to companies. It refers to the way in which leases are recognised and reported in a company's financial statements. Leasing is a widely used form of financing that allows companies to utilise assets without acquiring them directly. This can be particularly beneficial for companies that want to preserve their liquidity while gaining access to modern technologies.

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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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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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Optimisation of accounts payable processes

The optimisation of accounts payable processes is an important step for companies to increase their efficiency and productivity. Accounts payable processes include all activities associated with the processing of invoices and payments to suppliers. This includes entering invoices, checking invoice data, authorising payments and posting payments to the system. Optimising these processes is important in order to identify and eliminate bottlenecks and weak points. Through

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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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Retrofitting charging stations for electric cars in commercial properties

Electromobility is on the rise and is becoming increasingly important. More and more people are opting for an electric car, whether for environmental reasons or due to rising petrol prices. Companies are also increasingly recognising the advantages of electric vehicles and investing in their own electric fleets. This is also accompanied by the need to provide charging stations for these vehicles. The retrofitting of charging stations in commercial properties offers numerous advantages for companies and the environment.

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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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Leasing discount: How you can benefit from the flexibility of leasing

Leasing is a popular financing option for businesses as it allows them to use the equipment they need without having to buy it. It offers many advantages, such as lower initial costs and flexibility when upgrading equipment. An important regulation in Germany that supports companies in the use of leasing is the Leasing Decree. In this article, we will provide a detailed overview of the Leasingerlass and how it works. What

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The importance of debit positions in accounting: everything you need to know

The debit position plays an important role in accounting. It is an essential part of accounting and is used to record and monitor the financial situation of a company. In this article, we will take a closer look at the debit position, explain its importance in accounting and explain the process of creating it. What is a debit position in accounting? The debit position is an important statement in a company's accounting.

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