Browsing: Finance Tips

Finance Tips Raising_The_Bar_Investments_of_funds_all_you_need_to_know
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The investment of funds has a number of benefits for individuals looking to build their wealth. Financial stability Investments that are managed well could potentially enable individuals or organisations to become more financially stable. If returns are made on the investments and income can be earned,…

Finance Tips Raising_The_Bar_The_most_modern_functions_of_a_commercial_bank
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Banking institutions have a number of basic functions. In recent years these have evolved to serve the changing needs of consumers. Understanding the most modern functions of a commercial bank can help in terms of figuring out the best ways to make use of services. At a basic…

Finance Tips Raising_The_Bar_Business_record_keeping_explained
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Running a business requires a fair amount of dedication and discipline. While many business owners tend to get caught up in the day-to-day running of things, they often neglect to take care of business record keeping. In reality, keeping good records makes accounting and…

Finance Tips Raising_The_Bar_What_are_financial_records
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Financial records are documents that represent transactions of an individual, business or any other organisation.  They typically include:  Cash flow statement Income statement Balance sheet Tax Returns Statement on retained earnings It’s useful to monitor them because they provide financial clarity.  They essentially aid analysis. They can be…

Finance Tips Raising_The_Bar_Making_use_of_a_savings_calculator
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Heidi is a young individual who wants to buy her own car soon. She has recently been promoted to a new position at work, which comes with a higher salary. She has assessed that in light of the amount of income she…

Finance Tips Raising_The_Bar_Saving_definition_according_to_economics
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The definition of savings according to Investopedia is “what a person has left over when the cost of his or her consumer expenditure is subtracted from the amount of disposable income earned in a given period of time”.  Savings is also defined as…

Finance Tips Raising_The_Bar_The_main_things_about_accounting_and_record_keeping
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Record keeping enables effective and efficient accounting. For any organisation, having a good system in place makes the accounting process much simpler. It saves time and money.  Why accounting and record keeping are vital:  Enables easy management – For an entrepreneur, having to stress about various aspects of running a…

Finance Tips Raising_The_Bar_The_business_record_Keeping_system_that_works_in_5_steps
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A business record keeping system exists for a number of reasons.   It is a key part of making sure that the business is fully compliant with the law and that the accounting process is simplified.  Identify which documents are records  Not every single document used is regarded…

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