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News, useful tips, tools and expert reviews
Hi, company manager!
We are glad that you visited this section - it shows that you are not standing still and looking for ways to manage your business even more efficiently and modernly.
For more than 10 years, we have been working shoulder-to-shoulder with businesses and their managers in various fields. Some of them are market leaders and innovators, while others are barely making ends meet and not keeping up with their competitors. Why aren't they all successful? There is probably no single correct answer, but in our experience we have noticed an attribute that unites almost all successful companies - effectively managed business processes (accounting is one of them). The productivity of such companies is significantly higher, because the time saved by spending on unnecessary processes is spent on product development, attention to customers and employees.
During our rich work experience, we have seen, analyzed and reconstructed a lot of business processes. We can confidently say that we know what works in a certain situation and what doesn't. Do you want to work more efficiently? It's usually not worth reinventing the wheel again: effective, working and time-tested processes can be implemented in your business as well.
Sometimes such changes can radically change the everyday life of a business, but to be successful, first of all, you have to dare. We prepared this section to share the best practices, tools and envy from various business areas that we encounter in our work. We hope that after reading these tips you will be able to apply at least some of them in your business. We will be updating this section regularly, so visit here more often.
RoboLabs choice
UAB or MB: which business form to choose?
Only for those planning to create their own business, a natural question arises, which business form - MB or UAB - to choose?
To be honest, in our opinion, there is no significant difference in tax or accounting complexity. As everywhere in life, there are certain nuances, so we invite you to read about them in our prepared review UAB or MB: which business form to choose?
No matter how you decide - our team will take care of the accounting professionally, and all you have to do is take care of the value-creating product or service.
Five Technological Solutions for More Efficient Money Collection
It's no secret that one of the indicators of a financially healthy company is good cash flow management, which is why the efficient collection of money from customers is extremely important. By quickly collecting payments from customers, companies reduce the need for external financing need and thus reduce our costs. On the RoboLabs platform, we have even created and implemented several technological solutions that help to collect payments from customers as quickly as possible:
- Payment initiation integration with Neopay. Pay now button - one, two and paid!
- Automatic payment reminders for customers. In cases where the invoices sent the first time were not 'received'.
- E-invoices. Electronic invoices that instantly debit funds directly from the customer's account (Yes, you read that right!).
Read more about these tools in our prepared overview Five technological solutions for more efficient money collection.
Using a company car for personal needs. Why is it important not to hide it?
The State Tax Inspectorate (VMI) closely monitors how company cars are used for personal purposes. The use of company cars for personal purposes, not only for business needs, is an important and sensitive issue that company managers need to consider carefully. In this article, we will discuss why it is essential to be open about using cars for personal purposes, the applicable taxation, and why it is important not to hide it.
