At the same time, incoming invoice processing (ERV) can be standardised to a high degree and is virtually crying out for automation.
Read MoreQuick start to finance
A new specialist book on SAP Business One (B1) has been released. „Schnelleinstieg in SAP Business One – Finanzwesen“ (Quick Start to SAP Business One – Finance) covers all the functions of financial accounting. It deals with both basic principles and the specific tools for financial management within SAP ERP software.
Read MoreAccounting for startups
It all starts with an outstanding idea and/or a unique selling point that promises big profits. Once the start-up has been founded, the focus is then on acquiring customers, refining the business model and generating revenue. However, what sustains all these activities and ultimately determines success or failure are the finances.
In order to keep these under control as a founder, you need organised accounting for start-ups.
The finance module - the heart of the ERP software
The finance module of an ERP software is the component that houses almost all of the most important accounting and financial management functions of a company within the ERP software
Read MoreApply the final calculation correctly
nustries such as plant engineering or the construction industry generally provide contractually agreed services over a longer period of time. The client is often issued with partial and instalment invoices. The final costs are then settled with the final invoice. This final document settles all outstanding claims for a project, taking into account the instalments already paid. A final invoice therefore requires that partial invoices or invoices on account have previously been issued.
Read MoreNew VAT functions Lowering in SAP Business One
With the Versino Financial Suite, SAP Business One users can now pursue another alternative strategy for converting VAT. Companies that synchronise their financial accounting data with DATEV Finanzwesen can particularly benefit from this.
Read MoreWhat IT companies should consider when converting VAT
The fact that the upcoming VAT changeover will not be as easy for companies as it has been announced should have quickly become clear to every entrepreneur. As an IT company ourselves in the broadest sense and with many customers from the IT sector, we naturally deal a lot with this topic
Read MoreGerman Association of Tax Consultants reacts to reduction of VAT rates
In a lengthy statement, the German Association of Tax Advisors has commented on the temporary reduction in VAT rates. The content of the text makes it clear that, in the opinion of the tax advisors, the VAT change is a „bureaucratic cluster**ck“ (to quote them directly).
Read MoreGoBD 2020 for archiving receipts
The GoBD, especially the archiving of documents, has already undergone some changes since January 2020. The principles for the orderly keeping and storage of books, records and documents in electronic form and for data access have been simplified in some areas for companies. We try to provide an overview.
Read MoreCash flow in companies explained
If a company finds itself in difficult economic waters, the first and foremost task of management is to keep an eye on the cash flow.
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