Agile Working

Agile working: mastering the challenges of the digital world

 

“Agile working” is currently one of the biggest trends in the corporate world. It’s seen as the best way to master the challenges of digitalization. How does the agile approach work? What opportunities and risks does it involve? And what role will this hot topic play in the...

 

Business impact analysis

The business impact analysis

 

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...

 

Supply and demand

Supply and demand – how they control the market

 

Supply and demand determine pricing in a free market. Demand has an influence on supply and vice versa. With no demand, any supply is redundant, and with no supply, demand is ineffective. When they are in equilibrium, prices remain stable and goods are affordable. But how exactly...

 

Privatrechnung

Eine Privatrechnung ausstellen: Das sollten Sie beachten

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?

Break-even point

Break-even point – simply explained

At the break-even point (BeP), a company makes enough revenue to switch from the loss zone to the profit zone. If the BeP is exceeded, a company yields a profit. But what data do you need in order to calculate the break-even point? What formula is used to calculate it? We’ll answer these questions and provide you with further info about the BeP.

Debit and credit definition

Debit and credit

As an entrepreneur, you should have basic knowledge of double-entry bookkeeping with debits and credits in order to record your business transactions in a comprehensible manner. If you deliver products or services to your customers, then these are business transactions that you record. These records always follow the “debit to credit” system. But what exactly is behind this process?

A/R invoice

The A/R invoice

Whether you’re in the supermarket, at the restaurant, or in the garage – invoices are issued everywhere. However, young entrepreneurs – either freelance or self-employed – who want to claim money from their customers for the first time and write outgoing invoices are often unsure. What is the difference between an incoming and an outgoing invoice? What information should be included in the...

Invoice software Mac

Invoice software for Macs – comparing the best

Getting to grips with the challenges of accounting is now much easier than it was a few years ago thanks to new programs. Many developers offer tailor-made software that automate invoice management. There are many good Mac invoicing software for iOS, and there are several options to suit different needs.

Accountant costs

Accountant costs: external help for bookkeeping

If you run a business, you need to keep books well – this is tedious, time-consuming and requires a great deal of know-how. For these reasons, many businesses, both big and small, choose to get help from an accountant or tax advisor. Before you take this step, however, you should consider how much an accountant costs, as well as which aspects you might want help with to better predict how much an...

Cold progression

Cold progression

Your income has increased and yet you still have less income after taxes? What happens to your income? This is due to so-called “cold progression.” Every year, the state earns several billion dollars this way. How can this happen? We explain cold progression using an example and go through the calculation step by step.

Payroll accounting

Payroll accounting: What are its uses?

Employees receive remuneration for their work, usually at the end of the month. It is up to the payroll accounting department to make sure that each employee gets their earned wages. However, calculating salaries is only one section in payroll accounting, which also covers other aspects like registering employees with the tax authorities and social security bodies.

Time tracking

Time tracking – what should you know?

The laws governing employee time tracking are not always clearly defined. Things like overtime and meal breaks are managed differently state by state. However, every employer covered by the Fair Labor Standards Act is obliged to keep records for their employees, including the hours worked each day and the total hours worked per week. What kind of data must be collected and what role does data...

Hidden reserves

Hidden reserves: Explained.

Hidden reserves can occur within a company through many ways: Some arise more or less of their own accord, others are created either intentionally or unintentionally. Usually these are completely legal or even required by law. On the other hand, however, these hidden assets can be used for activities of questionable legality. Here, we explain what hidden reserves are, how they are created and what...

Grow Your Business

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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