Loan


Bookkeeping

Using the rules of double entry, these journal summaries are then transferred to their respective accounts in the ledger, or account book...


Finally financial statements are drawn from the trial balance, which may include:

Entry systems

Two common bookkeeping systems used by businesses and other organizations are the single-entry bookkeeping system and the double-entry bookkeeping system...
Most individuals who balance their check-book each month are using such a system, and most personal finance software follows this approach...
The ledger also sums up the total of every account which is transferred into the balance sheet and income statement...
It may be split into two daybooks: receipts daybook for money received in, and payments daybook for money paid out
  • General Journal daybook, for recording journals
  • Petty cash book

    A petty cash book is a record of small value purchases before they are later transferred to the ledger and final accounts, it is maintained by a petty or junior cashier...
    More >>>

    The Right Way To Use Your Credit Cards

    There will be a section where you fill in your bank details to pay off the card, and there will be a box asking you whether you want to pay the minimum balance, the full balance or some other number each month.

    Just click the “full balance” box and never change it.

    So, your transaction flow (dates are for illustration only) could be as follows:

    You always automatically pay the full balance before it is due, and then you’ll never have to pay any interest on your credit card.

    Your only exception when you may not want to pay the full balance each month is 0% balance transfer or 0% purchase credit cards where you enjoy a prolonged period of 0% interest...
    And there’s basically only one thing to remember – never fail to pay your balance in full each month!

    ...
    When a big emergency hits (which with proper planning it won’t too often), you can pay it with your credit card and then have a few weeks to liquidate any investments you need to cover the balance.

    Finally, you actually receive much better financial protection when paying on a credit card rather than a debit card...
    In these cases, you’ll set up a minimum payment each month throughout the 0% period, but then you MUST make sure you pay the balance in full the month before the 0% period ends.

    Step 2: Benefit from deferred cashflow

    At first, this seems like it does it doesn’t have any benefit...
    Beyond that, they just become a very high interest loan.

    So, how do you do this? Well, when you take out your credit, then set up a direct debit to repay the balance each month in full...
    More >>>

    What are the Imprest System Advantages?

    In order to control money she deals with her director would use Imprest system petty cash account as all the transactions are documented by special checks that should be then replenished.

  • Moreover, this system makes the procedure of purchasing or paying for any service more simple as using the general check book for small amount purchases may seem a little bit inconvenient...
    It means that you don’t need to prove you are a home owner to be successful in the deal to get a loan...


    The Imprest account main feature is the permanent balance as the exact amount of cash in the account taken for several expenditures should be returned by the end of a specific period...
    More >>>



    High Interest Checking Accounts

    Many banks provide high yield accounts only provided that you fulfill certain requirements, including, but not limited to:

    Remember that most online banks do not provide you with paper statements...
    If your balance exceeds the maximum amount, it will get a much lower return...
    In most banks, the maximum allowed balance is USD 25,000...
    Another thing you should take into consideration is that such high yield accounts may have a maximum allowed amount that you can add to your balance...
    If you break the rules, expect that your fees may grow significantly
  • Your balance must not drop down to a set minimum amount...
    More >>>

    Imprest System – a Loan System Controlling Fraud and Theft!

    S long as the balance of the mount is adequate your petty cash account will not have the problems...


    What is to replenish the imprest system petty cash? So, that means that you cover all the expenses for the cash receipts that were taken against the cash and cut your check for the expenses amount...


    How does this petty cash book looks like? Normally it is a book that is kept for controlling the petty cash of any company or department...


    What are the advantages of a petty cash Imprest system? First of all, it is an easy way to cover the simple cash expenses without indicating them in the general cash book...
    Moreover, this system helps avoiding various arithmetical and mathematical errors, often occurring with the cash book operations...
    More >>>



    Online Merchant Account



    An international merchant account expands your business capabilities and allows you to reach your target audience with less costs and far quicker than by means of traditional marketing...
    The only thing that you should remember is that you’d better not work on public computers while transferring money from your credit card to online merchant accounts...
    More >>>


      > > > >  

    They search here

    cash book balance transfer how to account transfer of amount from cash book cash book balance ach