Anyone exporting goods must properly declare them for customs assessment. Whether the goods clear customs or not depends on this invoice. Sample shipments, gifts, or spare part deliveries within the warranty period are usually not invoiced to the recipient. However, you still have to issue a pro forma invoice. We explain what the invoice is all about.
The profit forecast is part of the business plan and gives you and your investors an overview of your business ideas’ viability. Using an example scenario, we will show you how to prepare and objectively evaluate the profit forecast. Nothing can stand in the way of your business success with proper financial planning.
How profitable is your investment? Net present value provides you with an answer to this question. You calculate it within the framework of a dynamic investment calculation method by discounting the surplus that is generated by the investment. We’ll explain how this actually works with the help of a step-by-step practical example.
You can use the EBIT margin to measure how profitable your business is and compare it with other companies. Unlike profit margins, taxes and returns don’t interfere with comparability in the EBIT margin. That’s why it’s an ideal value for international comparisons. It's also useful for comparing sectors. We explain how you can calculate the EBIT margin.
If you outline your capital needs for investment in a thorough, comprehensible manner, you will have better chances of obtaining bank loans or publicly subsidised loans. But how is an investment plan structured and what expenses should be taken into account to convince financial backers? We reveal this and explain how an investment plan fits in as part of a business plan.
What does a tax consultant cost? The question arises quickly when the tax return is due or an external audit is imminent. In view of the complex tax-relevant circumstances, professional support is the logical consequence for many. To ensure that there is a happy ending when an invoice arrives at your house, you should first have an understanding of tax consultancy costs.
For every entrepreneur, calculating depreciation is an important task. But we must ask ourselves how the calculation of depreciation actually works, and what to look out for during the calculation process. These and many other questions will be answered with the aid of three examples, which will also clarify various depreciation methods and delineate the difference between imputed costs and other...
In order to properly finalise an annual financial statement, most corporations must include a profit and loss (P&L) account, which, as its name already suggests, breaks down their profits and losses for a given financial year. However, we must ask what a P&L statement should really look like. We explain the procedure surrounding P&L statements so that you stay on top of all laws, methods, and...
It is important to have an idea of your own company’s profitability. But looking only at the annual profit is often misleading. When it comes to EBIT, the annual net profit for income and expenses is adjusted through interest and taxes. This results in the so-called “operating result” – the key figure for success in normal business operations. We explain what EBIT is and how it is calculated.
Corporate communication: If you want to successfully represent your company both internally and externally, you need a good communication strategy. Whether it’s with business partners, customers, the media, employees, or shareholders – well thought-out corporate communication ensures that you always find the right tone. What do you have to pay attention to?
A solid business growth strategy is paramount for any business owner. This category focuses on all the aspects that follow the establishment of a company; from business strategy and growth, to recruitment, bookkeeping, and taxes.