Wednesday, May 28, 2014
The reality is that these reporting systems aren’t live, don’t benefit from collaborative efforts, have inaccurate information, are rarely updated on time and can’t provide the type of real-time data that today’s enterprises need to make critical financial decisions. This is why it’s of vital importance that companies have access to an enterprise resource planning (ERP) software that tracks the business’s finances in real time. Here are just some of the reasons why today’s businesses must have real-time data tracking on their financial performance.
Properly managing inventory is essential to improving gross profit on sales and growing the company’s revenue and market share. With this comes the responsibility of reconciling inventory on a daily, weekly, monthly, quarterly and yearly basis. Companies must have a live system capable of tracking a company’s value of inventory in terms of its carrying costs, its costs of financing, its costs of obsolescence, its costs of damage, its costs of theft and finally, its costs of freight. ERP software allows companies to not only track the value of inventory in real-time, but it allows them to see the impact of each of these costs on a daily basis. Since inventory is often a company’s largest asset, having access to real-time financial data is critical to mitigating these aforementioned costs.
Cash Flow Management
Maintaining a positive cash position is vital in today’s economy. Proper cash flow management means the company must continually manage and reduce its costs of inventory and receivable financing. Increasing inventory turnover rates, and reducing the time it takes to collect on receivables, are both critical aspects to reducing the company’s financing and maintaining a positive cash position. Proper cash flow management depends upon having access to real-time data, the kind of data that is easily accessible, readily available and always indicative of the company’s costs of inventory and receivable financing.
Real Time Financial Reporting
At the end of the day, it’s all about having access to accurate financial data. Companies must not only manage their day-to-day finances, but they must have the necessary financial information in order to decide upon long-term capital expenditures. This information is also needed when companies plan on expansion as accurate financial data is critical to a go/no-go decision. In addition, timely financial data helps companies decide whether to treat fixed assets as either onetime purchases, or capitalized assets that are depreciated over time. These decisions come from having real-time data on income statements, balance sheets and cash flow statements. These three financial reporting structures rely upon the kind of data that simply can’t be managed by excel spreadsheets or multiple timesheets.
Today’s businesses are constantly struggling to maintain a positive cash position. A large part of the problem relates to the high costs of dealing with customer bankruptcies and late receivables collection. Other issues pertain to a company’s costs to finance its inventory counts. Ultimately, companies need access to real-time financial data because it helps them to better manage their finances, which in turn allows them to reduce costs and improve efficiencies. This is why so many of today’s companies must do away with the high costs of managing finances via timesheets, word documents and excel spreadsheets.
Saturday, May 24, 2014
Unfortunately, at some point, Adam chose to stand silently by as the serpent enticed his wife and then himself to rebel against God. You may never have given it much thought but one of the ways Adam and Eve violated God’s Law was by theft. They stole fruit from God that He clearly told them was not theirs to have. God had given them everything and blessed them with abundance and yet they were convinced that it was not enough.
The law of scarcity is observed as man’s attempt to fulfill his infinite wants with finite resources. Because of this theft, God was going to crank scarcity up a notch.
You can read in Exodus 22:1-4 that it is required of the thief to restore not only that which he has stolen but there must be a quantitative loss to the thief. If the thief is not able to make full restitution, then he must be sold into slavery to pay off the full amount. Now look at how Adam was indeed punished according to the restitution law concerning theft.
In Genesis 3:17-19, the Judge of the universe pronounces sentence on Adam. “Cursed is the ground for your sake; in toil you shall eat of it all the days of your life. Both thorns and thistles it shall bring forth for you…In the sweat of your face you shall eat bread till you return to the ground…”
Before Adam’s theft, due to the sheer magnitude of abundance given to him as a blessing, Adam would make light work of maintaining himself, his family and the garden. This would have freed up much of his time to pursue other ventures to build and to grow and reach new heights. Adam would have grown spiritually and truly developed into a full blown son of God, maturing into the very image of His maker.
So notice the punishment is a curse on the abundance. Now Adam would fritter away his whole life (as all men generally do now) just keeping food on his table, clothes on his back and a shelter over his head from the time he is able to work until the day of his death. Adam rebelled against God whom has dominion over man. Now God allowed creation itself to rebel against Adam so he could experience what it is like to deal and work with rebellion. The curse brought enmity and fear between man and animal. The crops no longer yielded abundantly and the soil rebelled, bringing forth weeds to reduce production. The creeping things of the earth (insects) rebelled against Adam, destroying his crops and spreading disease. Weather patterns changed, also wreaking havoc on production; both food and construction of homes, villages, and societies.
The law in Exodus also requires that the thief be sold into slavery until the debt is paid. Adam indeed has sold his offspring into the bondage of sin. Sadly, instead of repentance, Satan has convinced man that the solution to scarcity is more theft by continuing to seek, within himself, the fulfillment of his wants and spiritual needs that only the Creator can fulfill. Man is perpetually duped into eating more and more of the forbidden fruit, hoping the next bite will be the missing dimension needed to be whole. Man continues to eat from this tree because he stole from it, to begin with, under the premise that man is inherently good and capable of defining what is right and then doing the right.
No one in their right mind would believe that the solution to overcoming sin is to sin more yet that is exactly what man has shown by his actions for 6,000 years. Our solution to theft is more theft to the level of governments that enforce social justice and the redistribution of wealth. Our solution to debt is to spend ourselves into greater debt as we can see in our own nation today where we are the world’s greatest debtor nation having surpassed all of Europe, including Britain, by 2.4 trillion dollars. Our solution to overcoming bondage is more bondage as we embrace the State as a solution instead of the Ten Commandments which James so rightly describes as “the law of liberty”.
Thanks be to God, that He has provided a second Adam, Jesus Christ, to redeem us from this curse in due time. Understanding this curse and its purpose is key to alleviating and overcoming its effects in a Christian’s walk. It is the answer to the question so many scoffers and would-be believers alike, who ask, “If there is a God, why does He allow so much suffering?” Count your blessings in this life, being content in a fallen world where nature itself is rebelling against us and seek God to fill the void we all have that can only be filled by our Father.
Thursday, May 22, 2014
After having served students for a long period we realized that most of the students in India are staying in villages and remote areas where there are no quality institutes and colleges. And here comes the need of online education. icofp.org is one of those institutes that have received wide recognition from students and knowledge seekers across India. To bridge this gap we gave come up with some online financial courses which students could take on without bothering much about their geographic location and financial needs.
With this article we have come up with some facts that will describe why people should take on online classes to receive a degree.
No Boundaries: Online courses could be taken up even by those people who are not willing to join a regular class due to lack of time or resources. With the help of latest technologies these institutes are offering quality online training to institutes without bothering much about the quality of the course.
Cost-effective: Online financial courses are of low-cost compared to traditional modes of teaching. Since these courses don’t need investment in terms of classroom, facilities and other things hence the input cost is reduced.
Same Value: Gone are those days when online courses were considered less valuable compared to traditional courses. With the advancement of computer technologies it has become possible for institutes to offer courses without compromising the quality of the course.
All we can say that if you are willing to take courses in finance online financial courses are good alternatives. All you need to do is choose the one that is equipped in offering quality education to students. Students need to realize that the rest of their life is going to depend on the education they will receive during this period and hence should ensure that they are taking admission only on reputed institutes.
Saturday, May 17, 2014
There are, in general, three key features that you need to pay attention to when choosing a binary options broker. Of course, there will probably be other features that you are looking for in particular, but these three key features are features that most people, if not everyone, will be looking out for.
The payouts you receive are probably the most important consideration, because they directly determine the amount of profit that you can make from your trading activities. Different brokers offer different preset percentages on those of your trades that end up in-the-money. Some brokers also offer a certain percentage of your money back on trades that end up out-of-the-money, although this is not offered by all brokers. There is usually a balance between the percentage payout on in-the-money trades and the percentage payout on out-of-the-money trades.
It will be almost impossible, for example, to find a broker that offers a high percentage payout on in-the-money trades and a high percentage payout on out-of-the-money trades. Instead, brokers that offer high percentage payouts on in-the-money trades will likely not return any money on out-of-the-money trades. This makes it a matter of personal preference whether you want to maximize your earnings on in-the-money trades or whether you want to be more cautious and accept lower positive payouts in return for greater protection on losing trades.
Another very important factor to consider is the number of type of underlying assets that are offered by the broker. Binary options do not exist on their own, and they depend on the price of various underlying assets. The key categories of underlying assets are stocks, commodities, currencies and indices. The best brokers will offer different options from each of these categories. Some brokers seem to offer a great number of underlying assets, but in reality offer only underlying assets from a single category. This severely limits the range and reach of your trading activities, and curtails your choices.
Binary options contracts have different expiration times, and different brokers offer them at different expiration times. Some brokers offer options with expiration times ranging from a month to 15 minutes, while others offer a more limited range. These expiration times are important because short expiration times require that you pay constant attention to the market, which some people cannot afford due to their lifestyle or work demands.
A Proper Comparison
When you compare binary options brokers in this way, you have a much better idea of which binary options brokers are suited to your particular needs. This will greatly reduce the likelihood that you choose a broker that you end up disappointed with.
Friday, May 16, 2014
Within this article you’ll find the reasons why you should consider very carefully refinancing as a debt elimination option and a brief explanation of which paths are better on your way to financial freedom with long lasting results as opposed to those you would obtain by exchanging your credit card unsecured debt with a secured low interest refinance home loan.
Risks Of Working With Certain Debt Settlement Agencies
There are many debt settlement agencies that come from the heart of credit card issuing companies or financial institutions. These agencies where created so as to let credit card companies to recover their money and thus, even if they’ll provide you with solutions to eliminate your credit card debt, that solutions may not be in your best interest.
Many of these companies would suggest you to take a refinance home loan and use your home equity to repay your credit card debt. That may seem a good solution and in some cases, it can be. However, it shouldn’t be your preference, and most certainly, a debt settlement agency committed to solving your debt problems shouldn’t suggest it as your first choice.
Why Not To Refinance Your Home Loan?
Though refinancing your home loan to get extra cash and pay off your credit card debt might be a good idea. It is not the best solution. This serves best the credit card interests and not yours. Because even if you get your debt settled and eliminate it for good, if you don’t change the way you spend, you’ll keep accumulating debt once again and maybe next time you won’t be able to resort to your home equity.
Moreover, since refinance home loans generally worsen the terms of your mortgage, you are further risking your property if you fail to meet the monthly payments. And though you may be replacing expensive debt with cheaper and more affordable debt, you are also replacing unsecured debt with debt that is secured with your home. If you are not good at managing your finances (and that’s why you had to resort to debt settlement), that’s something that you’d better avoid.
What Is Behavior Modification?
That’s why those who know about this subject specifically explain that you shouldn’t resort to loans based on equity if you don’t modify your financial behavior. But what is exactly Behavior modification? It’s a process in which the borrower learns techniques on how to manage his income and expenses maximizing the efficiency in the use of income and reducing unnecessary expenses. It’s doesn’t necessarily imply changing your style of life but getting the same things you want and need at lower costs and using your income with a higher effectiveness.
Wednesday, May 14, 2014
Williams "exchanged words with patrons in the bar, brandished a pool cue at a bar manager and refused to leave the business," and later refused to show identification to a police officer who had been called to the scene, a Seattle police news release said.
The 41-year-old comic, who was in Seattle to perform his stand-up comedy show over the weekend, was booked into the King County jail on charges of assault, harassment and obstruction, police said. He was released on bond Monday morning, a jail official said.
CNN requests for comment from Williams and his representative have not been answered.
Officer Michael Virgilio wrote in his report that he responded to a call for police help at the World Sports Bar Sunday afternoon. The manager told him that Williams had returned to the bar after being involved in a dispute with a customer the night before, Virgilio said in his arrest report.
"I suppose you're going to ask me to take my hands out of my pockets, huh?" Williams said to Virgilio, according to the report.
Williams refused to give his name or show an ID, but "yelled out a (California) driver's license number," the officer wrote.
When Virgilio warned he would arrest him for obstruction unless he produced an ID, Williams responded "No." The comedian then turned around and placed his hands behind his back "on his own accord," the arrest report said.
"Two of Williams' associates were standing nearby and were pleading for Williams to calm down," the officer wrote.
While being handcuffed and searched, Williams "made several comments about how he was going to sue the department," the report said.
"He stated he had been arrested over 30 times in the last few months and every time he was released prior to being booked into jail," Virgilio wrote. "He made comments regarding my employment with the city of Seattle and how it would end as a result of his arrest. Williams stated he had millions of dollars and this arrest would not affect him."
After the search turned up Williams' passport in his pocket, the officer asked why he hadn't just handed it over.
"You asked for my driver's license," he quoted Williams saying. "I didn't have it!"
Then, it got worse, the arrest report said.
"Williams became aggressive and resistant and his actions forced me to take him to the ground for a short period of time. He was subsequently placed in the back of my patrol car."
Williams was playing pool in the bar when Sunday's trouble started, the report said. "An argument began and quickly escalated."
When the manager tried to separate Williams from the couple with whom he was arguing, Williams yelled at him for "protecting the customers from the famous guy," Virgilio wrote.
"Williams picked up a pool stick, raised it up and pointed it at (the mananger's) face," the report said. "(The mananger) continued to state if he hadn't stepped back the stick would have hit in the the face."
When the manager asked him to put the stick down, Williams said "What if I don't?" and jabbed the stick toward him again, the report said.
"At one point during the altercation, Williams followed a family outside of the bar where, as the family got into their car, Williams flicked a cigarette through a car window at a woman, striking her just below her eye," the police news release said. "Williams also threw a rock at the family's car."
Officer Virgilio said he would request additional charges against Williams, including reckless endangerment, because the rock hit a window in the family's car, "directly next to an 8-year-old girl."
"Had the glass shattered or the rock had penetrated the window it could have struck and harmed the 8-year-old victim," he said.
Williams began his career as a stand-up comic, gaining attention in 1999 for comedy club appearances. Television appearances on the BET network led to more success.
His 2006 HBO special "Katt Williams: Pimp Chronicles Pt.1" raised his profile to a higher level.
He has acted in several movies, including Eddie Murphy's "Norbit," and his voice is featured in several popular cartoons, including "The Boondocks."
His often-raunchy style has drawn comparisons to comedy legend Richard Pryor.
Monday, May 12, 2014
Well, for starters, consumers could track their expenses and establish a limit for them. It would be appropriate if this limit is based on 30% to 50% of their monthly income so they do not end up clamoring for funds. Not only does this spare them from the stress and shame brought about by compounding liabilities, it also keeps them from becoming too complacent about their spending habits. Now, if you do find something that costs more than what you could pay for in a month, you may consider using your credit card only if the resource has payment programs that allow you to cover a one-time expenditure in a few months. And before actually taking advantage of the option, you must calculate whether or not the monthly dues you are obliged to pay fits within the limits you have established.
Next, consumers must learn to prioritize their desires or needs so that they do not end up buying and paying for everything all at once. It will be very inconvenient but prioritization helps a lot, even after you’ve taken on credit card debt help in Canada. Financial management agencies can only do so much when it comes to controlling creditors and making sure that the collateral you’ve put up is not taken away. It is prioritization that would allow you to work through those compounding interest rates and loan payments so that you get to resolve everything at the right time.
Third, it would be smart if consumers only stuck with one credit card at a specific period. That way, they don’t get tricked into spending beyond what they can. More credit cards also mean more membership fees. And that alone is a significant burden financially. If you are tempted to switch to another credit card that has better services, see to it that you settle your previous account first and then cut your original subscription so you could transfer to a new one. Having a bad credit score as a result of unpaid loans will make it impossible for you to acquire more pleasing arrangement with another bank.
Finally, never hesitate to take on financial counseling, especially from an expert. See, they may not seem like the credit card debt help Canada service that would wipe out your money struggles. But they do impose effective approaches to curbing your economic troubles. And they further your understanding when it comes to finances.
Thursday, May 8, 2014
See Your Tax Bills Reducing:
If you do not have access to a financial advisor, you are likely to end up paying more taxes. Qualified accountants can minimize the liability of your tax, so that you do not end up paying more than what you are legally supposed to. If you are working from home, or just starting your business, an experienced accountant can offer you details about tax reliefs that can help you get your business off the ground.
If you are not able to get all your records within the stipulated time and file them with authorities, it is highly probable that you will end up paying huge amounts of fine. You may even have to pay higher amounts of fine, if you make a mistake. In most of the cases you won’t even realize where you went wrong. You can avoid such mistakes when you have an accountant helping you. So, if you want to avoid visits from a tax inspector, you must get in touch with an accountant.
Make Informed Financial Decisions:
When you are running a business, you must make informed financial decisions. You can make informed decisions, when you are under the guidance of specialists to advise you and help you take the right decision. Profitability of your business will get seriously hampered when you take a wrong decision. So, if you dream of better growth prospects and increase the margin of profit, you must have your own financial advisor.
Utilize Your Energy and Time Elsewhere:
Ask yourself if you should spend your time elsewhere, if you find yourself spending several hours together working on your accounts. If you hand over the accounts to your accountant, you will be left with plenty of time that you can spend on your business. You thus have more energy and time to do the best for your business and generate more income.
So, if you are the owner of your business, you will be making one of the most sensible decisions by hiring an accountant. You can thus focus on other aspects of your business, while your accountant looks into the financial matters and legal aspects. So, make sure to hire a qualified accountant, who shall help you to run your business efficiently.
The accountant you choose must be aware of the present tax laws. Financial pressures and government regulations tend to change from time to time that an accountant must be aware of. If your accountant is not aware of the latest tax rules, then it is high time you look for an experienced professional. Accountants make your life easier. So, if you do not want to take up the complicated and tedious task of accounting, make sure to hire the right financial advisor.
Tuesday, May 6, 2014
Professional indemnity insurance (also referred to as PII, PI, professional insurance, public liability insurance, PLI and errors and omissions insurance) is crucial cover for any party who supplies advice, guidance or professional services. If you work in any professional industry, from creative companies to firms who handle data, insurance is essential, yet it can be tricky to know whether or not this form of cover is necessary to you.
In this article,
we'll be exploring which industries require professional indemnity insurance and why this type of cover is so important to companies across the UK and worldwide.
Who needs professional indemnity insurance?
If you think you need PI, chances are you're right! Essentially, if you work in a line of business where mistakes or misjudgements in your work could affect a client or third party, professional indemnity insurance is a vital form of cover which could protect you from the little errors that life can sometimes throw your way. If you're still not sure, it may be helpful to ask yourself the following questions:
1. Do you offer your clients advice or guidance?
2. Do you work with data?
3. Do you provide technical solutions or services?
4. Do you offer creative services?
5. Is client confidentiality important in your work?
6. Do you work with important documents vital to clients?
If you have answered 'yes' to any of these questions, taking out professional indemnity insurance is a very smart idea.
Basically, PI insurance provides cover should any accidental miscalculations, mistakes, misjudgements or errors adversely affect your clients. If a client was to take legal action against you in such a situation, public liability insurance would cover the cost of a successful claim, court costs and any other losses to your business.
Which industries need professional indemnity insurance?
As a rule, any 'professional' industry has a need for PI, but this definition isn't particularly clear. To give you some idea of the sorts of areas in which insurance is important, here are a few examples:
• I.T. companies (from programmers to technical support teams)
• Financial companies (from accountants to bankers)
• Creative businesses (from advertising to marketing to photography companies)
• Architects, travel agents, engineer, estate agents...
This list is not exhaustive by any means. If you're at all unsure please consult our quick 'do I need insurance' checklist above or speak with an insurance expert. If you do need insurance, it is important to make sure you address this need. Without the right protection in place you risk your livelihood and your business. So get cover now!
Saturday, May 3, 2014
The initial stages of a business are generally the most volatile, and often predict the future success of failure of the venture. Most businesses are not even profitable for the first six months, so careful planning and stability are a must to keep the business afloat. Making a good first impression is important to generating a continuous customer base. But in order to keep a new business firmly footed in the rough waters of its initial days, small business financing is a must. If you cannot get free financing for your small business through a government program, you can still get assistance through a reliable and reputable lender.
Today is possible to get lending without collateral or any up front fees—that means initially free financing for your small business. Even with the best budgeting, costs almost always exceed what was originally mapped out. With small business financing, a new business can expand inventory, purchase or lease a new building, or use the money for marketing purposes. This can include advertising ideas such as television or radio advertising, new business cards, newspaper broadcasting, a website, or any other form of raising the profitability and exposure of the business.
Small business financing can sometimes be difficult to obtain without collateral and detailed business plans. But at America Funding, we offer a full line of unsecured business products at great rates, with fast turnaround times, and some of the most competitive rates in the market. We have eliminated both the hurdles and the hassles potential small business owners have faced by traditional lenders for decades. We make small business financing easy and efficient. So call us today!
Currently, financial companies are jumping to adopt digital wallet technologies. Digital wallets, Joseph Wilk NJ explains, can be used both to purchase items online and in stores. They also can serve as verification devices in situations where identification is needed, such as when purchasing alcohol. Digital wallets can best be understood as multi-part systems, consisting of an individual device, an application that is run on it, and the supporting infrastructure. Joseph Wilk knows that the devices that support digital wallets are often things like smart phones. Various digital wallets are currently being marketed by Visa, Apple, MasterCard, PayPal, and others. Consumers are so far less eager than banks to adopt this new technology, although one does sometimes see someone paying for a product by using a phone.
Digital check guarantee and conversion through the use of electronic check readers is a form of technology of which Joseph Wilk NJ is much more certain. Also known as remote deposit, these check readers allow a check to be electronically scanned and deposited into any checking account. This process was hesitantly adopted and only made legal in 2004 through what is known at the Check 21 act. After a slow start, remote deposit is frequently used by businesses today with the wide availability of digital check scanning technology.
Joseph Wilk NJ knows that, with all of the changes going on in digital banking, banks are looking for ways to keep their customers safer. Citibank, for examples, has replaced the magnetic strip on its cards with a smart chip for increased security. Most banks devote a significant amount of their web presence to addressing security concerns. The has government even stepped in, requiring that banks use a two-step authentication process to verify online banking log-ins. Banks also largely use a process of encryption or scrambling any time there is a transfer of personal or financial data. With banking rated as the second most common activity performed online, it is critical to take extra security steps.
Thursday, May 1, 2014
In order for you to truly get started with kitchen remodeling you will first need to sit down and formulate an accurate budget. From there you will need to determine if you plan on taking this project on all on your own, or if you instead desire to employ a professional interior designer to take this job on for you. There are pros and cons to both options.
If you attempt to execute a kitchen remodeling project on your own you may discover that you simply don’t have an eye for truly what needs to be changed and for what can be left the same. Additionally, if you don’t have the experience or skills needed to execute such a remodeling task you could end up causing more damage than good. Finally, you will need to realize that when taking on such a task on your own that you will need to put time aside in order to complete the project.
When hiring an interior designer you put the work in their hands and simply tell them what you are looking for. You set your budget and discuss what types of home accessories you would like to add to your rooms, and what type of changes you are comfortable with making. The only downside is that you are going to have to invest some time in determining which interior designers in your area have the experience and reputation that you can trust in order to give this type of responsibility to.
Therefore, You will need to research each and every interior designer that you may be considering. You should determine what type of training they have acquired over the years and should request to see examples of their completed work. That way you can be certain that you are only making use of the very best interior designers in your area.
Finally, you will need to consider how much these designers charge. The cost of a designer should be factored into your budget. This part of the process may be the hardest for you to research but will be well worth the time spent in the end.