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CAFM-Blog.de | Accounting Methods: A Guide

Accounting Methods: A Guide

Accounting is a central element of financial reporting and plays a crucial role in a company's financial reporting. It allows for the presentation of a company's assets, financial situation, and earnings at a specific point in time. The choice of accounting method has far-reaching effects on the presentation of a company's financial situation and can thus also influence the decisions of investors, creditors, and other stakeholders. In practice, there are various […]

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CAFM-Blog.de | The 10 Most Common Accounting Errors and How to Avoid Them

The 10 most common bookkeeping errors and how to avoid them

Bookkeeping is the backbone of any company, regardless of its size or industry. It not only enables the recording of all financial transactions but also ensures that you meet your tax obligations and that strategic decisions are based on sound data. According to a survey by the Federal Association of Tax Advisors, over 40% of companies state that they have already suffered significant financial disadvantages due to errors in bookkeeping. But despite

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CAFM-Blog.de | VAT Obligation for Electronic Services: What §2b UStG Means

VAT liability for electronic services: What does §2b UStG mean?

The VAT liability for electronic services according to § 2b UStG is a central regulation in German tax law. It defines the tax obligations for companies that provide electronic services. Electronic services are understood as digital products and services that are provided via electronic networks. This regulation has far-reaching effects on the tax treatment of companies in the digital sector. § 2b UStG specifically regulates the VAT liability for legal entities under public law that

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CAFM-Blog.de | What you need to know about trade tax

What You Need to Know About Trade Tax

Trade tax is a municipal tax paid by companies and self-employed individuals on their trade earnings. It represents a significant source of revenue for municipalities and serves to finance local infrastructure and public services. The calculation is based on trade earnings, which are derived from company profits. The trade tax rate is determined individually by each municipality and usually varies between 200% and 500%. As a municipal tax, the assessment and collection of trade tax are the responsibility of

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CAFM-Blog.de | Real Estate Profit Center Accounting and Efficiency in FM

Property Profit Center Accounting and Economic Efficiency in FM

Property profit center accounting is a central tool in facility management for evaluating the economic efficiency of properties. It allows for a transparent presentation of a property's costs and revenues, facilitating informed decisions. Various cost types are considered in the calculation, including maintenance, operating, administrative, and financing costs. These are offset against revenues from rental income, ancillary cost settlements, and other sources. As a controlling instrument, property profit center accounting serves to analyze and optimize the profitability of properties. In an environment of increasing

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CAFM-Blog.de | Facility Management 4.0: Digital Transformation in Building Management

VAT: Everything You Need to Know

Value Added Tax (VAT) is an important tax in Germany. It affects both companies and consumers and plays a crucial role in the German tax system. It is therefore of great importance to understand VAT and its effects on businesses and transactions. Key Takeaways VAT is a tax on the turnover of companies. Every company that sells goods or services is affected by

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CAFM-Blog.de | TEMU: Bargains or expensive plastic waste?

TEMU: Bargains or Expensive Plastic Waste?

In the digital shopping world, TEMU has established itself as a popular platform, but the debate about its business models remains controversial. Many consumers are tempted by the low prices and the seemingly endless offers in the TEMU online shop, while others wonder if these savings come at the expense of quality and ethical standards. Some important aspects to consider in this discussion are: Pricing: How can TEMU offer such affordable products? Where

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CAFM-Blog.de | Bookkeeping for Small Business Owners: What Do I Need to Consider in 2024?

Bookkeeping for Small Business Owners: What to Consider in 2024

Accounting is of great importance for small business owners as it helps them keep track of their financial situation and run their businesses effectively. In this blog post, we will cover the various aspects of accounting for small businesses and provide tips on how to organize it efficiently. Key Takeaways Bookkeeping is legally required for small business owners Small business owners can choose between income-expense accounting and balance sheet accounting Small business owners must keep certain documents

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CAFM-Blog.de | Accounting: The Most Important Aspects of Legally Compliant Bookkeeping [Update!]

The importance of target setting in accounting: Everything you need to know

In accounting, the debit statement plays an important role. It is an essential part of financial accounting and serves to record and monitor a company's financial situation. In this article, we will take a closer look at the debit statement, explain its importance in accounting, and outline the process of its creation. What is a debit statement in accounting? The debit statement is an important statement in a company's accounting.

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