Blog
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Digitisation is playing an increasing role, and businesses are taking full advantage of OCR (Optical Character Recognition), which converts photos into text at lightning speed. Whether receipts, invoices or handwritten notes – OCR technology quickly and accurately extracts text from images. This saves businesses time and reduces the risk of errors in manual input. What…
Photo to Text: Transform your administration
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In the world of finance and operations, transparency is essential. Especially when a company owns several subsidiaries, it becomes important to provide a clear and comprehensive picture of the financial health of the whole group. That is exactly where consolidated financial statements come in. What are consolidated financial statements? A consolidated financial statement is a…
Consolidated Financial Statements: A Clear Explanation for Entrepreneurs
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A healthy business starts with healthy cash flow. Whether you are a start-up or a seasoned CFO, the cash flow statement is one of the most important financial documents at your disposal. But what exactly is it, and why should you look at it regularly? What is a Liquidity Statement? A liquidity statement provides insight…
Why a Liquidity Overview is Crucial for Your Business
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In today’s dynamic world, efficiency is the key to success. Whether you run a start-up or run a multinational company, well-organised business processes are the beating heart of your organisation. But what exactly are business processes and why do they deserve your attention? What are business processes? A business process is a set of structured…
What are business processes and why are they so important?
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Risks are inevitable. Whether you work on a software project, lead a construction project or are responsible for safety in an organisation, you will have to deal with uncertainties. But how do you determine which risks to really take seriously? That is where the risk matrix comes in. What is it? A risk matrix (or…
The Power of a Risk Matrix: Insight ánd Priority
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In the world of financial administration, there are all sorts of terms that can cause confusion. One of them is a cross entry. For those who are not yet fully familiar with this accounting technique, we explain in this blog what a cross entry is and when you encounter it. What is a cross post?…
The Ins and Outs of Cross Entries in Financial Administration
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Liquidity is a term you often hear in the world of finance and business. But what exactly does it mean? And why is it so crucial to keep a close eye on your liquidity? In this blog, we explain what liquidity is, how to measure it, and give an example of how smart tools like…
What is liquidity – and why is it important for your business?
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Whether you are an accountant or a business owner, you have surely come across the term general ledger account. It is one of the foundations of well-organised financial accounting. But what exactly does it entail? And how can you optimise this process with smart software like TriFact365? What is a General Ledger account? A general…
From chaos to control: general ledger accounts
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MenL Cijferhelden is not a standard accountancy firm. MenL once started as an administration office run by Marcel and Lucia (M and L) and also made the move into accountancy four years ago. Sven Schuurhuis, assistant accountant, describes the office’s atmosphere as young, fresh and dynamic. As specialists for SMEs, they serve a wide range…
Automation at MenL Cijferhelden for more time and customer contact
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Whether you are considering a new software package, implementing a policy or just thinking about a renovation to your home – making a good decision often starts with a cost-benefit analysis. But what exactly does that entail? And how do you conduct it intelligently? What is a cost-benefit analysis? A cost-benefit analysis (CBA) is a…
The basics of a good cost-benefit analysis explained