Loan


Bookkeeping

The ledger also sums up the total of every account which is transferred into the balance sheet and income statement...
This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier...
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...
    This process of transferring summaries or individual transactions to the ledger is called posting...
    Using the rules of double entry, these journal summaries are then transferred to their respective accounts in the ledger, or account book...
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    Balance Transfer



    As with any financial step you take during lifetime, you should consider a few important things when searching for the best balance transfer credit cards :

    Be sure to pay attention to transaction fees that credit card companies charge on each balance transfer...
    Some card issuers are more expensive than the others; therefore, it is important to research the market for the best balance transfer credit cards...
    If you aren’t inclined to keep to a single main credit card, credit balance transfer may be a good option for you...
    This kind of transfer is especially beneficial on a long-term basis, where you can see the actual amount you have saved during a certain period (hundreds or even thousands of dollars)...


    Balance Transfer Credit Cards

    If your credit card has large balances that are carried on every month, you should definitely consider a credit card balance transfer , which is one of the ways to save money...
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    Online Merchant Account

    It may also include imprest funds that can be used in case of necessity...
    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...
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    Balance Transfer Offers

    1. See for how long the introduction card rate is valid
    2. Are there any monthly or annual fees?
    3. Is the intro rate applicable to all transfers made during the introductory period or is it only valid for the first transfer?
    4. Does the rate spread to any of your purchases?
    5. How big is the rate charged after the introductory period expires?
    6. Is an imprest checking account set for quick payouts?
    7. Are there transaction fees? If the answer is ‘yes’, how big are such fees?
    Keeping an eye on transaction fees is a must...
    If you wish to find the best balance transfer credit cards, you are going to have to study the market and keep track of its dynamics...
    Keep in mind that imprest balance cards are not good for those who cannot pay in time...


    If you think it’s about time to look for the best balance transfer credit cards , there are a handful of important considerations...
    If a single credit card is not enough for you, chances are a transfer will make you feel better...
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    Balance Transfer Credit Cards



    Whatever kind of transfer you choose, there are a few must-know things, which you should bear in mind while choosing between different companies:

    1. The longevity of the introduction card rate
    2. Fees and commission charges
    3. To how many transfers the introductory rate is applied?
    4. Is the rate applied to your daily purchases?
    5. How will the rate change when the introductory period expires?
    6. Imprest checking account details
    7. Transaction fee size.
    Credit card companies charge transfers differently...


    If you have a good credit record, you can use imprest balance cards...
    It can be a little difficult, but this is the only way to find a financial institution that offers the best balance transfer credit cards...


    Balance Transfer Credit Cards

    You can go for a credit card balance transfer if you have a large balance...
    In any event, read the terms very carefully and consider all pros and cons before making a transfer...
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    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...
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