Loan


Imprest Balance



In many cases, especially if you deal with banks or other financial institutions, you will need to sign notes receivable in addition to notes payable Notes receivable are the statements where you specify your obligations to pay off a debt...


If you have some obligations to creditors, banks or other institutions or lenders, you will most likely be asked to sign formal agreements, also known as notes payable ...
If the interests aren’t paid, they accumulate and are added to your financial statement...
There are several statements that you’ll most likely sign before you are given a loan...


Accounts payable, or payables, are pretty much similar to notes payable with the only difference that the first is the statement that an individual or a business has a debt to its credit lenders for purchasing services or goods...
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Checking Account

Do not keep your money in banks that do not provide interest rates for low-budget clients in an effort to compensate for not charging them low-balance fees...
Most likely, you will be required to make only an online statement, because these banks do not exercise paperwork...


Free checking accounts may have a number of benefits, which include unlimited check signing, free use of ATM, free online banking service, lack of balance restrictions, unlimited check writing etc...
There are no interests on the balance, and you are going to have to pay for the use of ATM machines that are not within your bank’s ne...
In America, some banks offer interest rates, the sizes of which depend on your monthly balance...
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Bookkeeping



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...
It is the accounts in this list and their corresponding debit or credit balances that are used to prepare the financial statements...
The ledger also sums up the total of every account which is transferred into the balance sheet and income statement...
For every debit journal entry recorded there must be an equivalent credit journal entry to maintain a balanced accounting equation.[2]

Ledgers

A ledger is a record of accounts...
These accounts are recorded separately showing their beginning/ending balance...
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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...
In most banks, the maximum allowed balance is USD 25,000...


If you fail to meet the bank’s requirements, your interest rate may fall below 1 percent...
Therefore, to get high interest checking accounts, you will have to micromanage the account to make sure it is compliant with the bank’s rules...
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...
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What Are the Best CD Rates Today?

The major difference is on the bank’s end — it can put your balance in low-risk investments such as CDs and bonds instead of simply using it for loans.

You may need a larger opening deposit for an MMA than a savings account ($1,000 is common), but this depends on the bank...
On the other hand, a traditional CD will have a fixed rate for its entire term.

Money Market Accounts

For bank customers, a money market account, or MMA, is very similar to a high-yield savings account...
Interest rates will be higher for MMAs than savings accounts at brick- and-mortar banks, but the difference compared with high- yield savings accounts online is negligible.

Bottom line: Both an MMA and a high-yield savings account, particularly online, can provide a more liquid alternative to a CD without a huge interest-rate hit...
But they do have some tax benefits: You don’t have to pay state or local taxes on this investment.

In August 2015, these bonds were earning 0.00% interest...
A quick search online reveals several CDs yielding several times the national average, so remember that you don’t need to settle for whatever paltry APY your bank may be offering...
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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...
Thus, the company is rid of getting the cash out of banks day by day...
So you can to spend $90 from this sum a month and then you are to replenish this sum to your account to bring your petty cash float balance back to the initial sum you had there - $100...
As it was stated in the previous article the limit of the petty cash float is $100...
The person gets a cheque where all his payments are stated within a certain period...
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