Payment collections is always a hassle for any business offering goods or services. In most industries, once goods have been dispatched or services have been rendered, the entire control to recover the compensation slips out of the hands of the seller. Where goods are concerned, you can do nothing but send reminders to your customers about the outstanding payments. In case of services, once they are rendered and the payment is in default, usually you may refuse to provide services in future unless the money is paid. Recurring services are at a bigger advantage since stoppage of services in future can be used to recover past debts. The telecommunications sector has a more significant advantage when it comes to recovery of dues.
Eg: Upon non-payment of a phone bill, the phone company can just disconnect your phone line from their end. They may also insist that you pre-pay for your connection and deduct call charges from your pre-paid balance. .
The web hosting business also has a similar advantage. But mostly web hosts prefer to exercise restraint and resort to disconnection of services only as a last resort. This article highlights
The paper is an examination of the effects of accounting choices on users of financial statements. First of all, a historical examination in the subject matter was examined. It was found that most researches normally dwell on single characteristic effects of accounting decisions on financial statement users. Current GAAP on the matter also concurs with the latter matter.
It was therefore found that there may be a need to look at how these factors intertwine in affecting users of financial statements. Since firms may have to content with a number of effects at any one time, it is important to carry out a study on a combination of factors. Thereafter, an analysis ought to be done in order to investigate which factor is the mot important and which one takes least precedence. This can go a long way in assisting managers and other financial decisions makers about accounting choices in the future.
There are a number of users of financial statements within any respective firm. Usually, some of the intended effects of accounting choices can
You should have known about this: as a law abiding citizen, your obligation is to pay a number of tax set based upon what you have at the moment. By paying said tax, you have contributed to the betterment of the country—something that will in turn result in your own life. However, paying taxes is not as easy as purchasing goods from a vendor. It requires preparation to execute tax payment. Estimation and calculation should be made in order to prevent yourself from paying more than what you actually should. And sometimes, this whole thing about calculation and estimation leaves you feeling uneasy and overly complicated. If you currently are residing in the area of Arizona, there is a big chance that you find it hard to get a help for <a “http://www.bsfaz.com”>tax preparation Phoenix. If you find one, the service might end up getting you even more confused and chances are good that you will pay for the tax in an amount that is bigger than what you should as you also need to pay for that tax preparation service, by the of the day. Therefore, it is highly advisable of you to get a service that
Retirement is a time inside your life once you should be comfy. How can one make certain that comfort now? The greatest way is to understand all you could about retirement to make certain that you’re ready when the time comes. As a way to get an education, research the hints beneath./p>
If your employer has a retirement plan, then work with it as much as you could. Should you ever have the income to spare, then stick it within your retirement plan. An employer’s retirement plan is a excellent thought since there will be much lower taxes plus the employer may match your savings as well.
Start preparing for your retirement inside your 20s. By sitting down & preparing out your retirement early in life, you could be sure that you’ve saved sufficient to make retirement enjoyable. Saving ten percent of your income each month will help ensure you’ve sufficient earnings to live comfortably.
Lessen the level of revenue that you spend on miscellaneous items throughout the week. Go over your monthly expenditures and cut items that are not crucial. Over a number
When you qualify for a credit card, your bank will determine your credit limit, based upon a number of factors detailed below.
Credit cards offer individuals greater financial flexibility and improved spending power, by providing access to a line of credit on an ongoing basis. The amount of flexibility will, of course, be determined by your credit limit, which is set by the bank issuing your credit card. Credit limits are regularly reviewed, and can be increased or decreased based upon these reviews.
In this article learn more about how credit limits work, and the factors determining how a credit limit is set. This will give you a better idea of how much credit will be extended to you if you qualify for a credit card. Also be sure to explore the range of credit cards available via the Plastiq site.
What is a credit limit?
A credit limit is the maximum amount of money that you have available on yourcredit card account. For example, if your credit card limit is R5,000, you can spend up to R5,000 on credit before you reach the limit set by your bank. When you repay the credit youve used, or a portion thereof, the amount youve
Home insurance is a necessity for every individual. Perhaps, people are unaware about its benefits and how it is a must buy. Here are some of these major benefits in detail-
#1. Wiser investment-
Home insurance is one such insurance that covers all your assets and other valuable items under one policy. Instead of purchasing different policies for all the assets, it’s wiser to choose a single policy that comes with affordable premiums as well. There are many home insurance providers in the market which operate online and provide all necessary information through their websites. This helps in comparing policies of different insurance providers in the market, and choosing the suitable one.
#2. Lowest premiums policies-
While purchasing a home insurance one should always consider maximum damage coverage and lowest premiums, so the best purchase can be made. However, it is something hard to find. This is where an online insurance provider makes the solution. It delivers a detailed information about each policy online, that gives an easy access to all the consumers and enormous time savings. With a customizable option, it also enables a easy buy as per the requirement and budget. This helps every individual to make an affordable investment, which provides
From unit trusts to savings accounts and endowment policies, South Africans have a myriad of savings vehicles to choose from and yet the harsh reality is that we do not save enough. According to the South African Savings Institute (SASI) ‘when compared to its peers, South Africa’s national savings rate is still dismal.’ SASI goes on to say that ‘the World Economic Forums 2011/12 Global Competitiveness Report ranks South Africa 72nd in the world for its gross national savings rate equivalent to 20% of GDP. This is well behind BRICS country peers like China, ranked 2nd with savings equal to 54% of GDP, India at 15th with 34.7%, and Russia at 44th with 24.7%.’ How do you know if you are saving enough? Grab a piece of paper, a quiet moment away from the family and consider a few what-if scenarios.
What-if scenarios will help you work out if your finances will stand up to the worst case financial scenarios that life could throw your way. For example, consider the following:
How long would you and your family be able to survive if you or your partner/spouse were retrenched?
Would you be able to pay for major repairs to your car without
Business credit line funding needs can be achieved in more ways than one. The concept of having your funding needs on a ‘ remote control ‘ should be very appealing to most business owners / financial managers. Asset based lending via ‘ ABL ‘ credit lines is one way to put your company on cash flow auto pilot. Here’s how. Let’s dig in.
Businesses requiring SME COMMERCIAL FINANCE funding for cash flow are always challenged by the requirements of our somewhat monopolistic banking system in Canada. The strength, market dominance, and the regulated nature of our banks make it often difficult for companies who are even doing quite well to achieve some or all of the financing they need. Simply speaking they fall ‘ outside the box ‘ when it comes to requirements that include profits, cash flows, clean balance sheets, etc.
The banks requirement of covenants in cash flow, debt, profits, equity simply can sometimes not be always met, and these are typically a written part of your bank arrangements. Firms who fall ‘ out of covenant ‘ with their bank often find themselves feeling not so ‘ special ‘ when they are placed in Special Loans Default dept’s at the
It is possible for you to gain credit card debt forgiveness in the present financial system. Debt forgiveness is a much more viable option to declaring bankruptcy. A lot of people with over $10000 in card debt have been able to get off up to 60% of their debts. If you are seeking debt relief, debt settlement and consolidation are the most popular options open to you. Read on to learn more on how you can get rid of credit card debt.
There is a proposed program in place in the financial industry that gives credit card companies the ability to write off debts for certain categories of customers. As the government grant the institutions relief, consumers should also benefit from debt forgiveness. You might qualify if you are enrolled with a debt management plan. Up to 40% of debts can be forgiven. Banks and the credit card companies don’t want pardon programs to be known to customers.
The credit card company can also wipe off what you owe if it falls under bad debt. Writing off bad credit card debt helps companies clear up their books. This makes them financially healthier. According the Nilson Report, financial institutions are expected to write