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Work in progress (OHW) refers to work that has already been performed but not yet fully completed or invoiced. It plays an important role in project management and financial accounting, as it provides insight into what your organisation has already delivered without yet receiving revenue. In companies where projects and … […]

A packing slip is a document that accompanies an order and serves as a record of the goods delivered. It is an essential part of the logistics process, both for businesses and consumers. In this article, we will dive into the details of what exactly a packing slip is, why … […]

The working expenses scheme, WKR in 2025, is an important part of Dutch tax legislation, especially for employers. It allows them to provide tax-free allowances and benefits in kind to their employees, as long as they stay within the set free allowance. Changes can be made to the WKR every … […]

As an entrepreneur, you face the challenge of keeping up with ever-changing tax rules. From 1 January 2025, sweeping changes to the Small Business Act (KOR) and the One Stop Shop (OSS) system are imminent. These changes are intended to modernise the VAT system and make it simpler for entrepreneurs, … […]

A profit and loss statement is a financial statement that shows the income and expenses of a business in a given period. This document helps business owners understand whether their business is making a profit or making a loss. It gives a clear picture of financial performance. Companies use this … […]

In accounting, assets and liabilities are two fundamental terms that play an important role in understanding a company’s financial situation. Assets refer to a company’s assets that represent value, such as buildings, machinery, and inventories. Liabilities, on the other hand, are the company’s liabilities, such as loans, debts or other … […]