Blog
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Representation expenses are costs a company incurs to present itself to the outside world in a professional manner. These costs can be incurred, for example, for business lunches, gifts to customers or promotional gifts. The purpose of representation expenses is to maintain business relationships and enhance corporate reputation. They are … […]
About representation expenses: Definition and Application
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Current assets refer to a company’s assets that can be converted into cash or consumed within a year. These assets are essential for the day-to-day operation of a company, as they are often used for short-term payments and investments. Examples of current assets include cash, accounts receivable (customers yet to … […]
The Essence, management and application of Current Assets
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HRM, or Human Resource Management, focuses on efficiently managing the human resources within an organisation. It includes all activities related to attracting, developing and retaining employees. In HRM, the focus is not only on administrative tasks, but also on strategic aspects such as improving work culture and encouraging employees. HRM … […]
How to benefit from advanced HRM solutions
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A bookkeeper is a professional who deals with the financial records of a company or organisation. He or she keeps track of all income, expenses, tax liabilities and other financial transactions. This gives entrepreneurs a clear overview of their financial situation and allows them to make informed decisions. A good … […]
Why you should Hire a Bookkeeper
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An ERP (enterprise resource planning) system is software that helps companies manage their day-to-day business processes. These include administration, finance, purchasing, production, sales and inventory management. Integrating these processes in one system creates overview and consistency within an organisation. All departments work in the same environment, which promotes communication and … […]
How an ERP system can Transform your Business
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Cash flow refers to the flow of money entering and leaving a company. It is an essential measure of a company’s financial health. Positive cash flow means that a company receives more money than it spends, leaving room for investment, growth and meeting obligations. On the other hand, negative cash … […]
Cash flow management: what you need to know about cash flow
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Liquidity is an important concept in finance. It refers to the extent to which a company is able to meet its short-term obligations. Put simply, how quickly can you convert your assets into cash? For companies, this is crucial because they need to be able to quickly release cash for … […]
Liquidity: Essential Insights, Applications and Developments
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KPIs, or Critical Performance Indicators, are measurable values that help organisations evaluate performance. These indicators provide insight into how far an organisation is achieving its goals. KPIs can be applied to various business aspects, such as sales, customer satisfaction and operational efficiency. By continuously monitoring these indicators, you get a … […]
KPIs: What they are and how they help steer an organisation
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Rule recognition refers to technology that converts text into structured data by identifying specific patterns or rules. This technology plays a crucial role in automating document processing and data entry. Think, for example, of scanning invoices and automatically reading important data such as amounts and dates. Line recognition enables efficient … […]
Rule recognition: Applications and Prospects
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A receipts app is a digital tool that makes processing receipts and invoices significantly easier. The idea behind a receipts app is to reduce the hassle of paper receipts. By using a receipts app, users can easily digitise their receipts by taking a picture with their smartphone. These digital copies … […]
Receipts App: Smart Savings with these Practical Tips