Writing sales receipts with correct templates

Writing sales receipts is becoming easier thanks to the numerous templates on offer. Above all, professional software is designed to make accounting as easy as possible. Your sales receipts will be automatically filled out with the necessary information and can be printed straight away. But why do you actually have to issue sales receipts? And which information is mandatory? This article provides you with an overview. [...]  

4 steps to getting your website Christmas-ready

With the holidays just weeks away and shoppers dashing to their devices to try and beat the holiday rush, it is important to ensure that your web presence is ready to take on the challenge. Whether it is a blog or an online shop, here are a few tips and tricks to ensure that your website is ready to hit the road running as the festive season kicks in! [...]  

The essential meta tags at a glance

Meta tags are used by website owners to specify metadata in HTML documents. The coded information integrates with web browsers and search engine crawlers to enhance the searchability of a website. But which meta elements are actually required by user agents to improve processing? And how can you use metadata to boost your website’s ranking in the search results? [...]  

Writing a past due letter: samples for professional letters requesting payment

Would you like to avoid defaulting customers, but you don’t know how? With 1&1 past due letter templates you can easily write your reminders. With prewritten texts for the first, second, and third letters, you can strengthen the management of your receivables. The aim of an effective dunning procedure is to reduce the number of customers and reduce the risk of loss of receivables. We will show you how to maintain your position as a creditor without harming your relationship to the customer. [...]  

Accounting principles: National and international standards

Accounting standards are used as a way to unify annual and consolidated financial statements. The standards make statements both more meaningful and easily comparable. Accounting principles exist at both the national and international level. But which standards should be observed? We provide you with an overview of the objectives and functions of commercial accounting, as well as the specific principles laid out by the US GAAP at the national level and the IFRS at the international level. [...]  

Single entry accounting – an introduction

Given its range of functions and complexities, it is perhaps of no surprise that there are multiple approaches to it. One such approach is single entry accounting. But exactly what is single entry accounting? What are the advantages and disadvantages of it? Who should use it? How does it differ from the double entry approach? This article answers these questions and aims to tell you everything you need to know about single entry bookkeeping. [...]  

Collective invoice: settling multiple collected orders

Facilitate the settlement of transactions with regular customers by combining regular deliveries or other services in a collective invoice. Periodic billing of this kind facilitates bookkeeping and saves time and money. Please refer to our article for the tax requirements that apply to the preparation of collective invoices. [...]  

What are non-profit organizations?

When it comes to accounting, non-profit organizations differ from for-profit organizations in that they can be exempt from paying taxes after filling out certain forms and sending them to the Internal Revenue Service (IRS). It can be confusing knowing which forms to fill out but our article will explain how accounting for non-profit organizations works. There is numerous non-profit accounting software available to facilitate the process even more. [...]  

Generally accepted accounting principles (GAAP) – an overview

When it comes to running a business, there are few thigs more daunting and complex than bookkeeping and accounting. This is even more so the case when dealing with multi-national companies that have interests and investors around the globe. For that reason there are generally accepted accounting principles (GAAPs) which act as guidelines for writing and maintaining financial statements. But what exactly are these principles? And why should a business even bother using them? [...]  

Accruals and provisions made simple

Unfortunately, when doing your annual accounts, it’s not always possible to know how much your operating expenses will be in advance. Because of this, you should always allocate a portion of your income for provisions and accruals. This way, you can avoid financial risks. But what do these terms mean, and how should they be recorded on your company’s balance sheet? This handy guide provides everything you need to know about creating provisions and accruals and which different types of accruals exist. [...]