Blog
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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 … […]
The difference between Assets and Liabilities
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A SEPA authorisation is a written permission you give to a company or organisation to debit money from your account. SEPA stands for Single Euro Payments Area and ensures that payments within Europe can be made easily and quickly. The authorisation allows companies to withdraw payments automatically, such as paying … […]
SEPA authorisation: how it works with payment processing
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UBL (Universal Business Language) is a standard for the electronic exchange of business documents, such as invoices, orders and shipping notices, in a structured, digital format. The aim of UBL is to make business transactions more efficient and automated between companies, without the need for manual input. What makes UBL … […]
UBL Processing and Automation, an Explanation
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A Document Management System (DMS) is a digital solution for managing documents. This system helps you organise, store and find documents efficiently. With a DMS, you can easily share files, track versions and manage access. This saves time and avoids document management errors. For businesses, a DMS offers more control … […]
Organising, storing and sharing documents with a DMS
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A receipt is a small but important document you receive with a purchase. It contains crucial information such as the date, the name of the shop and the product purchased. This piece of paper acts as proof of your purchase and can come in handy if you want to make … […]
Receipts: use for returns, administration and tax returns
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The quick ratio is an important financial measure that assesses a company’s liquidity. It indicates the extent to which a company is able to cover its short-term liabilities with its most liquid assets. This means that only assets that can be quickly converted into cash, such as receivables and inventories, … […]
Quick Ratio: The Guide to Analysis in Your Organisation
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Key figures are numerical data that provide insight into the performance or situation of a company, organisation or project. These statistics are often used to support decisions and analyse trends. For example, they offer insight into costs, turnover, profit, or the efficiency of processes. Key figures allow you to quickly … […]
Key figures: The Essence and Impact on Your Organisation
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Marketing automation is the use of software to automate and streamline marketing activities. This allows you to effectively manage tasks such as email marketing, social media and lead nurturing without much manual effort. Marketing automation helps companies deliver the right message to the right audience at the right time. It … […]
Marketing Automation: What it Is and How it Works
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Profitability indicates how profitable a business is. It measures the ratio of profit achieved to capital invested. It is often expressed as a percentage. Profitability is an important measure for companies and investors. This is because it gives insight into how efficiently a company uses its resources to make a … […]
Profitability: Applications and the Role in Your Organisation
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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