Emergency financial situations can happen to anybody and any financial arrangement exercise is not ideal without planning for such occasions. The whole idea of having an emergency fund is to offer a cushion against any unexpected expense. This will ensure it does not have any negative impact on your financial condition and does not rip [...]
Are you a millennial who feels overwhelmed trying to manage your finances? Are you getting the most out of your money? Financial literacy is not often taught in schools and they don’t do a great job preparing their graduates to manage their finances. So when you’re out of college and start real life, it can [...]
ICO is short for Initial Coin Offering. When launching a new cryptocurrency or crypto-token, the developers offer investors a limited number of units in exchange for other major crypto coins such as Bitcoin or Ethereum. ICOs are amazing tools for quickly raining development funds to support new cryptocurrencies. The tokens offered during an ICO can [...]
NBCFs and Banks both act as financial intermediaries and offer fairly similar services. But, there are many points of difference. There are very stringent licensing regulations for banks as compared to NBFCs. What is an NBFC? Principal business activities of a Non- Banking Financial Company consist of lending or financial leasing or hire purchase, accepting [...]
Here is how Tally holistic software is for your business Meeting the demands of businesses Tally.ERP 9 can scale to meet the demands of your business without disrupting any running operations. It easily adapts to your essential business requirements. Tally also offers services in the business domains such as manufacturing, services and distribution. It offers [...]
Financial technology (also referred to as FinTech) is the use of innovative technology to deliver a wide range of financial products and services. It is intended to facilitate the multi-channel, convenient and fast payment experience for the consumer. This type of technology is effective in many different business segments, such as mobile payments, investment management, [...]
Investment management and wealth management – it is easy to be confused by these terms, especially since they are often misrepresented. What do they really mean, what are the key differences, and which might be best for you? What is wealth management? Wealth management looks at an individual’s finances as a whole and how they [...]
Revenue Recognition accounting is a process that depicts how sales transactions are recorded by a company in financial statements. While recording revenue, companies are mandated to comply with Generally Accepted Accounting Principles (GAAP). As per GAAP, in order to book a sale as revenue, the revenue should be recognized initially. Consequently, for a revenue to [...]
In the market economy, the financial system gives money from the positive savers (i.e. depositors) to the negative savers (i.e. people with shortage of funds which need loans to buy property etc.). Furthermore, the financial systems facilitate non-cash payments. from individuals or legal entities. The financial system has by law a monopoly of services. Only [...]
This article is aimed at explaining the importance of building residual income and also to explain the need for individuals to leverage network marketing business model if their dreams are to gain financial and time freedom. So, even if you presently work a job or business, it is needful that you pay attention to network [...]