Whether you’re a freelancer, small business owner, or you manage an even bigger company, you know that organising your finances can get stressful. Accounting software can relieve a lot of the hassle and keep your finances in order. We introduce you to ten of the best accounting software packages.
What is invoicing software? Invoicing software is a cornerstone of running a business, whether large or small. Automating the invoicing process speeds up your work, allows you to get paid faster, and to grow your business at a greater pace. Our article presents the top 10 invoicing softwares available.
Mind maps are the preferred method of tapping into the creative power of the human brain for those with particularly intelligent minds. Usually, people simply reach for a pen and paper but are soon confronted with the limitations of these traditional tools. Digital mind mapping tools are the next step: presenting complex idea structures and concepts is not just faster and easier, the end result...
Soft skills are all those skills that make you stand out as a worker, but seldom appear on certificates or help you achieve qualifications. Your soft skills are relevant to employers for lots of different reasons: How well can you work with people? How do you deal with stress? We give examples of soft skills that are useful in your job and provide useful tips on how to develop them.
As an entrepreneur, you should have basic knowledge of double-entry bookkeeping with debits and credits in order to record your business transactions in a comprehensible manner. If you deliver products or services to your customers, then these are business transactions that you record. These records always follow the “debit to credit” system. But what exactly is behind this process?
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.
You will most likely know the shareholders in your company. What does the stakeholder situation look like? The success of your company depends on various groups of people. Not all of these people are employed by you or have shares in your business. In particular, external stakeholders such as suppliers and customers, as well as the state and the general public, have a massive impact on the success...