Business Financial Assistance

Business Financing 12

Many people seem to regard business financial assistance as a last resort financing option for businesses on the brink of failure. While this may have been true in the past, in recent years, such financial solutions have been widely considered as a major source of working capital for many thriving and successful business across the world today.

Banks today have come to recognize that debtor’s books, in the form of Business Financing 10unpaid and overdue payables, can be the most accessible asset of a company. Today, factoring is now considered a viable source of funding across different industries, and a practical solution for businesses that are looking to improve their cash flow. If you think you can benefit from such a solution, you should look into finding a reliable provider with an established reputation.

What are your options?

Traditional factoring – with this option, a factoring company, will take ownership of your debtors and control your debtors book. However, there may be debtors who could have been excluded in the list may be because sale contract was not found to be strong enough, or the debt could be old. Once all outstanding debts are summed up, the factoring company will take a certain percentage of the total amount available to the business, in the form of a credit line.

In return for the credit line, the factoring company will take over the administration, ownership of the accounts payable and the responsibility of debt collection. Most factoring contracts typically involve a minimum period of two years.

Business Financing 11Invoice discounting – this financing solution is much like factoring, although, in this case, the factoring company allows the company to retain its control over its clients and the collection of outstanding debts. However, companies will be required to provide detailed monthly reports for the invoice discounting company to evaluate and verify the accuracy of the returns. Audits may be conducted from time to time and, in some cases, certain invoice discounting companies impose penalties for any discrepancies found.

What solution is ideal for your business?

Many companies go to experts to seek advice as to which solution is most appropriate for their business. There are also factors such as the cost, administration, the control of customer relationships as well as the availability of facilities that you need to consider. If you are not quite sure which solution is ideal for your business, contact a reputable company for solid, relevant and expert financial and business advice on the business financial assistance available for you.…


Why Offshore Banking Is A Good Choice

Offshore Banking 10

The matter of opening up an offshore bank account is usually one that need to be taken with care. It should also be discussed in detail with a financial expert and also lawyer depending on one’s reasons as well as each scenario for wanting to have such an account.

Lots of people normally overlook the advantages linked with owning an LOM bank account offshore due to the Offshore Banking 01negative media exposure. The media portrays that owners of such accounts that misuse the services to launder money, conceal cash for divorce objectives, commit tax return evasion or engage in various other kinds of scams. This article gives info on the Advantages and also drawbacks of offshore banking.

Offshore Bank Accounts that Offer Great Interest Rates:

Many offshore financial institutions offer services rather much like those provided by domestic banks. Besides acting as normal savings accounts, an overseas checking account provides its individual the alternative of having a credit rating or debit card from which to gain access to funds. A few of these financial institutions likewise are prepared to offer you home mortgages as well as various other kinds of financings from your account.

Considering that overseas loans are not managed similarly to domestic banks ones, interest rates on home mortgages and also financings are often offered at more competitive rates compared to those in domestic financial institutions. This permits owners of offshore accounts to have their home loan repaid in practical anxiety free means.

In addition to the above, such checking account can offer their account holders greater rates of interest on down payments; that enable you to get even more out of your savings. This is due to the fact that overseas banks basically compete for business that will expectantly generate income to its respective country along with the required reduced overhead prices, which often be lower than those supplied by domestic banks.

Offshore Banking 08Advantages of Offshore Banking and Loans for Companies:

The majority of global firms today are likewise choosing these checking accounts as a result of the perks linked with their loans. The businesses that select these non-domestic savings account are usually afforded the same rights of privacy as personal/individual account holders. Having overseas business checking account enable companies to finance their uses at far more economical, or practical rates compared to if they were to maintain their financial holdings strictly domestic.

Because offshore financial institutions are usually not regulated by the government to the same level as residential banks. These banks can supply a wider selection of investment options for both individuals and firms looking for higher rates of return compared to those usually offered by domestic banks.…


Accounting Software


accs2Are you a business person? If yes, are you aware of accounting software?

Do you know which accounting software is the best? In this article, I will discuss one of the best accounting software’s that allows you to manage the progress of your business.

There are several software that are available online. Zoho Books is one of them. It is the best software that allows a business person to manage easily the flow of money within the business, manage the customers and invoices while checking out the expenses. This software also helps the business person in monitoring and reconciling the bank accounts and the transactions taking place. Zoho book software helps an entrepreneur to make informed decisions regarding the business. Zoho Books software stands out because;

Zoho Books software is very simple, and it covers the basics; it can create and send invoices, sync bank accounts, track expenses, and create reports. Also, it does accounting using a mobile device. Additionally, it has accounting tools that grow hand in hand with the business.

It is cheap. It cost 24 USD per month. However, there are other software such as Quick Books, fresh books, and Xero that charges as low as 10 USD. The difference is how the software meets the business expectations. They may sound cheaper, but they cannot provide the service provided by the Zoho books. Note that they charge less because they have limited the number of transactions, users, and capabilities.

Research as indicated that it is very easy to use Zoho Books. There is no difficulty in setting up an account. It is just the business name, password and contact information and the account is ready for use. The dashboard of this software is also simple to use. It has no clutter. The dashboard will display at a glance the financial progress of the business.

Zoho Books software is designed in such a way that it helps the entrepreneur save time because of its automated features. This system does not require the use of a manual method of data entry. The system keeps on updating the financial data, transaction histories and customer information. Additionally, Zoho Books also save time by automating the workflow. The software automatically sends invoices, set up recruiting bill, track expense as well as notifying the business owner with payment reminders. Most importantly, it is easy to make online payment faster. The software can connect with popular online payment methods such as Braintree, PayPal, Stripe, and This makes it more economical for customers to pay their invoices online.accs

Another good thing with Zoho Books is fact that it offers 24-hour phone calls and email support for five days a week in US, UK Australia, and India. It has a mobile application that an entrepreneur can use to do accounting on the go.

Try Zoho Books today for your business. Sign up for free, fourteen days free trial and get to know which accounting software is the best.…


Keep Track Of Your Expenses


Portrait Of A Young Couple Calculating Finance At DeskWith the ever increasing cost of living and daily expenses, it is important to come up with an effective way of how to keep track of your expenses.

Tracking your expenses is very important as it not only enables you to understand how you spent your money, but also knowing which expenses you need to reduce or do away with in order to save money.

Some of the Ways You Could Use To Keep Track Of Your Expenses Include

  • Using book and file method
  • Using spreadsheet/excel
  • Using expense tracking apps, sites and software

Using Book and File Method

The book and file method is the oldest method of expense tracking. Here you will have an accounting book where you will write down all your expenses with a file to store all your receipts and invoices. The expense book and file is usually organized according to date for easy and faster access. The main disadvantage of this method is that it can result in lots of paperwork.

Using Spreadsheets/Excel

If you have daily access to a computer, you could keep track of your expenses by using spread sheets or excel sheets. With these sheets, you can create a table and group your expenses into columns. The main advantage of using spreadsheets is that it is easy to use and does not require doing manual calculations as most spread sheets have built in functions to do any math. exp3

One main shortcoming of spreadsheets is that it assumes you do not need to track your receipts or that you are storing them separately. Receipts are very important in any expense tracking strategy as they provide evidence of transaction/expense

Using Expense Tracking Software, Sites and Apps

Expense tacking software, sites and apps will enable you efficiently track you expense because they are specifically built for that purpose. After registering to an expense tracking site, app or software, all you will need to do is create an expense profile for yourself and start tracking your spending.exp2

Tracking software and sites allow you upload you receipt for evidential purposes and the main advantage is that you will not have to worry if the physical receipt gets lost. In addition, expense tracking software and sites have built in accounting functions and will be able to generate expense reports for easy analysis.

Using expense tracking software, sites and apps are so far the most recommended method of how to keep track of your expenses.…