You have two or more major credit cards comfortably snug inside your wallet. You are quite proud of them and they seem to act like your security blanket. But are you sure that security is the commodity being offered by the credit cards? The credit cards offer immediacy. That is, you can immediately purchase an item you like using your credit cards. Without the plastic, you will have to scrimp and save for weeks or months before you can afford...more
Do you sometimes question the performance of your investment portfolio? If you are like most investors you have your income producing assets thrown in together with your equity portfolio. You look at the total mix of dividend paying stocks, bonds, mutual funds and equities, and you're confused as to why they're not producing enough income or growing your portfolio value sufficiently.I have found that part of the reason is the nearly universal...more
A chart of accounts is simply a list of different areas within the general ledger section of an accounting software package against which financial transactions are stored. As an example if you looked at a Profit and Loss Statement each of the items listed is a separate account.ie - Sales, Cost of Sales, Advertising, Postage, Telephone Expenses etc. The whole lot together is called the Chart of AccountsBefore we start on the specific elements of accounting software Chart of Accounts you need to understand the basics of financial statements and what information needs to be recorded from other sections of the package you are using.There are two main parts to your business's financial statement - The Profit and Loss, which shows your day to day income reflected against your expenses and therefore shows what your trading profit, or loss, is. Both are obtained from the general ledger module.The Balance Sheet, which shows your business assets against liabilities and the accumulated earnings of your business over the years.Lets first look at how these reports are arrived at -In Australia it is typical to have the Profit and Loss section first and the Balance Sheet second, in some other...more
Condo or condominium is a housing option that looks like an apartment complex. Condo ownership lets the owner to own the condo only not the land. Condo owners have to pay monthly fee for maintaining common areas. Generally the association of property owners manages condominiums. Owners of condominium can do anything inside the their unit but not...more
There has always been a degree of "racy glamour" to the world of property investment. Too often the image has always been portrayed as an industry being handled and managed by "be-suited city types" wheeling and dealing any huge multimillion dollar fortunes/It doesn't really matter what your perception of property development he is, the fact is...more
Restaurant point of sale systems have loads of features that POS salespeople love to talk about. Some are glamorous, others are flashy and some are unique to their product. When showing off these new and fancy features too often these salespeople forget about the basics and why cash registers were invented in the first place.Preventing theft. That is the purpose of a cash register. Ringing up items and safely storing cash if the fundamental philosophy that created a now multi-billion dollar industry known as the Point of Sale Industry.Why then are so many point of sale companies, software manufacturers and POS salespeople forgetting about the fundamental principles that are still valid in today's business environment? The answer eludes and frustrates me because valuable profits are being lost by not utilizing these basic and important features.This is a series of articles about the fundamental features that every business should be using to stop employee theft, increase sales and increase profits.->Cash In Drawer (CID) Limitmore
Buying and selling of different currencies of the world is known as forex trading. Forex or foreign exchange market is the largest trading market in the world. Forex trading market deals with more than US$2 trillion everyday. It has become favorite...more
Not many people spend too much time thinking about it, but every one of us, has a computer file somewhere that contains all the information that makes up our credit history. This information will include our current and previous addresses, our income...more
When the New Year is upon us most smart business people take inventory and make plans for the coming year. Most of these actions focus on external items, like deciding on how many widgets you are going to make and sell, or how many new clients you...more
In today's 24/7 business environment, burnout is a major problem among business executives. How much time and money is your company losing because of executive burnout? Do you know you can avoid burnout in your staff--and reap higher profits? Here...more
Homeowners often become very interested in the Federal Reserve Bank system. Every time the board of directors meets, mortgage interest rates are at risk.Federal Reserve BankThe Federal Reserve System acts as the central bank of the United States....more
When I became a coach six years ago, I had a dream that took me a while to admit toeven to myself. What I really wanted to do was to combine the two great passions of my lifecoaching and working with horsesbut I had no idea what that might look...more