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Digital inventory management: put an end to Excel chaos

Digital inventory management: put an end to Excel chaos

Welcome to inventory management, where we declare war on Excel chaos! If you've ever wondered how many boxes of stock are lying around somewhere in your organisation or whether the last inventory list was really accurate, then you're not alone. Traditional methods of inventory management are often as outdated as a VHS recorder - they work, but who wants to go back to the past? In the digital era, it's high time to switch to [...]

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Using IFC files effectively: Tools and Best Practices

Using IFC files effectively: Tools and Best Practices

For some years now, BIM and therefore IFC files have played a decisive role in the efficient management and visualisation of construction information. These files are the backbone of many CAD and BIM software solutions. In this article, you will learn how to use IFC files effectively, which tools prove useful and which best practices you should apply. What are IFC files? When it comes to digital construction projects, you will quickly come across the Industry Foundation format

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The 10 most common mistakes in accounts receivable accounting

The 10 most common mistakes in accounts receivable accounting

Accounts receivable is a crucial area in every company that is often overlooked. It ensures that money flows and the company's liquidity remains secure. However, despite its importance, errors in accounts receivable are not uncommon. In fact, small inaccuracies or misunderstandings can have a major impact on the financial health of the company. Not only is it annoying, but it can also lead to serious financial bottlenecks. A common mistake is

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Maturity model: an indispensable tool or just a trendy buzzword?

Maturity model: an indispensable tool or just a trendy buzzword?

In the world of facility management, there are many buzzwords vying for attention. One of them is the maturity model. But is it an indispensable tool or just a trendy buzzword? This question deserves thorough consideration, especially in times when digital transformation is revolutionising the way we work. The maturity model offers companies the opportunity to evaluate and optimise their processes and systems in a targeted manner. It is not just a theoretical concept, but

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Accounts receivable accounting for SMEs: 10 tips for optimisation

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

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

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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Prepaid expenses compared to deferred income: the most important differences

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 psychology behind the hype: why people invest in cryptocurrencies

The psychology behind the hype: why people invest in cryptocurrencies

In recent years, the hype surrounding cryptocurrencies has increased significantly. More and more people are interested in investing in digital currencies such as Bitcoin and Ethereum, which is not only due to the potential profits, but also to the psychological aspects behind such investments. A survey by Deutsches Aktieninstitut shows that over 12 million Germans will have invested in cryptocurrencies by 2022. But what opportunities and risks do

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Long-term strategies: How to make your company more sustainable with the right company form

Long-term strategies: How to make your company more sustainable with the right company form

Choosing the right company form is one of the most fundamental decisions for any entrepreneur in Germany. Regardless of whether you are founding a start-up or want to restructure an existing company - the company forms in Germany offer a wide range of options. From the AG to the GmbH to the OHG, KG and the sole proprietorship: Each legal form has its own advantages and disadvantages that can significantly influence your entrepreneurial strategy. Did you know, for example,

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The 10 most common accounting mistakes and how to avoid them

The 10 most common accounting mistakes and how to avoid them

Accounting is the backbone of any business, regardless of its size or industry. Not only does it allow you to record all financial transactions, it also ensures that you fulfil your tax obligations and base strategic decisions on sound data. According to a survey conducted by the German Association of Tax Consultants, over 40 % of companies state that they have already suffered significant financial disadvantages due to accounting errors. But despite

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Cloud computing: the future of data processing

Innovations in cloud technology: the future of IT

Cloud technology has become an indispensable part of the IT industry in recent years. It enables companies to store and manage their data and applications over the internet instead of having to rely on local servers or hardware. This flexibility has not only revolutionised the way companies design their IT infrastructure, but has also significantly increased the efficiency and agility of business processes. By utilising cloud services, companies can

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How does property valuation work?

How does property valuation work?

Property valuation is a systematic process for determining the market value of a property. This value serves as the basis for transactions, financing and tax purposes. Numerous factors are taken into account in the valuation, including geographical location, plot size, building condition, fixtures and fittings and current market conditions. There are various recognised valuation methods, such as the comparative value method, the income capitalisation method and the asset value method. Each method is based on specific data and assumptions and is suitable for different property types and valuation purposes. The

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Efficient project management with a project schedule

Efficient project management with a project schedule

An efficient project schedule is a key element for the success of a project. It acts as a guide for everyone involved in the project and enables the optimal utilisation of resources and the achievement of project goals within the specified time frame. A carefully prepared schedule supports the coordination of various tasks and milestones and ensures their timely completion. An effective schedule enables more accurate planning and forecasting of resources, costs and risks. This contributes to the reduction of delays and

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Facility Management 4.0: Digital transformation in building management

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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Achieve maximum energy efficiency in the household

Achieve maximum energy efficiency in the household

At a time when climate change is becoming ever more present and resources are becoming scarcer, it is more important than ever to practise energy efficiency in the home. Conscious use of energy can not only save costs, but also protect the environment. This article looks at various aspects of energy efficiency in the home and provides tips on how to reduce energy consumption. Key takeaways Energy efficiency in the home saves money and

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CAFM software, building automation, intelligent building management, networked building digitisation, facility management technologies.

Protect your company with cybersecurity

In today's digital world, cyber security is crucial for companies. As companies become more connected and use more technology, the number and complexity of threats increases. Cyber criminals use various methods to attack organisations and steal or manipulate sensitive data. It is therefore essential that companies take measures to protect their IT infrastructure and guard against cyber attacks. Threats on the internet:

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