Double-entry accounting or double-entry bookkeeping is an essential part of the accounting system. Lots of entrepreneurs have a hard time with bookkeeping, when in fact it should be an aid to you and provide a detailed overview of your finances. Double-entry accounting isn’t an...
Constructive criticism is important, and in the majority of companies, the concept is well-known on paper. Yet too few companies manage to use their errors to drive success. We provide an overview of what constructive criticism means and how it can be achieved in the workplace.
A BIA or business impact analysis emphasizes the most important processes of your company that could threaten your normal business operations in case of a deficit or outage. These processes allow you to evaluate the consequences of a crisis more effectively and devise strategies to minimize risks as part of a contingency plan. Find a business impact assessment template here.
A financial analysis model is a tool to learn more about the current economic situation of the company and the development of the last months. But if you don’t want to leave the preparation of the report to an external party, you will be faced with the task of setting up your own, probably via Excel. Our financial analysis template has already got the most important elements integrated – and can...
When it comes to the annoying subject of inventory, any help is welcome. Having an inventory template as a practical download can make your work easier because a clear inventory list is one of the key elements of a successful inventory. Read on to find out what must be included in this list and how you can easily customize our inventory template using Excel.
How profitable is your investment? Net present value provides you with an answer to this question. You calculate it within the framework of a dynamic investment calculation method by discounting the surplus that is generated by the investment. We’ll explain how this actually works with the help of a step-by-step practical example.
Partial invoices are particularly practical when services are not paid in a single total invoice. They are flexible in their amount and frequency and are agreed between customer and contractor. For the seller, partial invoices mean a more regular cash flow, and the customer may benefit from the more predictable burden of paying the invoice step by step. Prepayments are mainly used in the...
Do you run personal errands with your company car? No problem at all – as long as you record the distances you have covered thoroughly in a logbook. You can either keep this in electronic form on your smartphone or buy it as a bound booklet from a specialist office retailer. However, there is nothing stopping you from creating your own logbook. Our mileage log sample will help you with this.
Do you travel regularly with a company car, but also use it for private journeys? While this is a monetary advantage, you have to pay tax on private usage. There are two different methods for calculating this tax burden: You can use a mileage log or claim actual expenses. A logbook is used for documentation purposes, in which you record the miles driven.
Not just for large businesses, it’s also important for small businesses to get their invoices just right. How to determine whether your business qualifies as small, what needs to be included in the invoice, and the best way to send them can be found in this article. A small business invoice template is also included to make the whole process even easier.
Rechnungen kennt man eigentlich nur aus dem Wirtschaftsverkehr. Doch auch Privatpersonen können Rechnungen ausstellen – beispielsweise, wenn sie etwas verkaufen. Was genau ist aber zu beachten, wenn man als Privatperson eine Rechnung ausstellt? Gibt es dafür Richtlinien? Und wenn, welche? Was gehört auf eine Rechnung, die eine Privatperson ausstellt?
A solid business growth strategy is paramount for any business owner. This category focuses on all the aspects that follow the establishment of a company; from business strategy and growth, to recruitment, bookkeeping, and taxes.
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