Blog
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Inventory management includes all the assets a business or household uses to carry out its operations. It can range from furniture and equipment to supplies and raw materials. Inventory is used to identify the value of assets. This can be important for tax returns, making financial statements or selling a … […]
Inventory management: Developments and The Role of TriFact365
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Travel allowance is compensation you receive for the costs you incur for commuting or business trips. This allowance helps to cover the costs of using your own car, public transport or bicycle, for example. Many employers offer a travel allowance to alleviate their employees’ expenses. The allowance can vary depending … […]
Travel Allowance 2024: What You Need to Know About the Rules
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An incoming invoice is a bill your company receives for goods or services you have purchased. These invoices come from suppliers and service providers offering you their products or services. It is important that you process incoming invoices properly so that you keep track of your costs and meet your … […]
Incoming Invoices: Tips, Trends and Automation
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Business intelligence (BI) refers to the technologies and strategies organisations use to analyse data. It helps companies make better-informed decisions. BI collects, analyses and presents data in understandable reports and dashboards. This gives managers and employees insight into the organisation’s performance. By having the right data at the right time, … […]
Business Intelligence: The Key to Data-Driven Decision Making
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An income statement is an essential financial document that provides insight into a company’s revenues and expenses over a given period. The purpose of this account is to determine whether the company has made a profit or a loss. The income statement records financial performance and is crucial for both … […]
Income statement: Applications, Developments, Improvements
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A SEPA transfer is a way to transfer money within Europe. SEPA stands for Single Euro Payments Area. This means you can use one payment method to transfer money in different countries. SEPA transfers make it easier for consumers and businesses to make payments. For example, you can transfer money … […]
SEPA Credit Transfer: The process, benefits and implementation
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A debtor is a person or organisation that owes a debt to another, usually a supplier or lender. Simply put, if you have purchased a product or service without paying immediately, you are considered a debtor. This means you still owe money to the seller. For companies, it is important … […]
Debtor: Effective Management for a Healthy Cash Flow
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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