Blog
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An income statement is an essential financial document for any business. It provides insight into financial performance over a given period, often a year or a quarter. This statement shows how much profit or loss a company has made. It is crucial for both small companies and large corporations. The … […]
Income Statement: Rules for Financial Success
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Assets are possessions owned by a company or individual that have value attached to them. These can be either physical or intangible. Physical assets, such as buildings, machinery and vehicles, are tangible things you can see and touch. Intangible assets are, for example, patents, brand names or goodwill. These have … […]
Assets: Essential Information and Strategic Applications
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Digitisation refers to the process of converting analogue information to digital formats. This allows us to store, process and share data more efficiently. You can think of digitising documents, photos and videos. This transformation makes information more accessible and user-friendly. Digitisation allows companies and individuals to benefit from faster communication … […]
Digitisation: Here’s how to Optimise Your Organisation
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Your job as a bookkeeper or accountant is shifting. The emphasis will be on advising clients. As an office, how can you free up more time for this new role? Take the client by the hand in digitising and automating invoice processing with TriFact365. In this blog, we give you … […]
Onboarding: How to bring the customer into digitalisation
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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