Category: Finance

    Why is it a good idea to have a financial advisor?

    Financial Advisors Financial advisor should have series 65 or 66 and series 7 examination for their qualification in United States. For designation and compliance of qualification they must report the issues for the public view according to FINRA that is Financial Industry Regulatory Authority in United States. According to FINRA the groups who can use the term of financial advisors are lawyers, private bankers, investment advisors, brokers, accountants and financial planners.Financial advisors are the professionals who give services to the people depending upon their financial condition. Financial advisors undergo special training before giving their services around the globe and they must be registered to offer professional services with a regulatory body. Financial advisors are recognized with many names as investment advisor, private banker, attorney, insurance provider, insurance agent and accountant. Role of Financial Advisors: Role of financial advisor is to provide financial services and products and these services depend upon their examination qualification and skills. They are not licensed, they are only registered. This can be explained with the help of example that a licensed insurance agent holding the series 7 qualification examination is able to sell life insurance and other annuities to both and a broker holding series 7 qualification examination can also be a financial planner. If an advisor does not have the CFP (certified financial planner) designation but he can say that he is a financial...

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    How can an Accounting Software make your life easy

    It is kind of computer based application software which Store and summons the transactions related to accounting in boundary of functional modules such as Account receivable, journal, payroll, trial balance, accounts payable. It works as accounting information system. The methods of accounting software vary between products. Advantages of accounting software: In order to get knowledge about this we have to understand it is the basic need of advanced day business. It gives all the comprehensive information about tracking of financial transactions and the findings and reports of up to date accounts related information. It grants reduction in the cost, and improving the decision making ability to the high extent by the help of prompt reporting. It afford to save a huge amount of data deprived of physical existence, this helps the organizations to reduce the office space expenses and all others benefits. Types of accounting software: Accounting software is of many types and categories out of these types some are as follows: Spreadsheets: It is the basic need modern tool for business it consists on rows and column structure that allow you to write down your data in specific place according to the relevancy of your previous note data. It helps in generating budges, calculation of profits within seconds, and analysis of the large data through the charts and graphs. Commercial accounting Software: This types of software manages the...

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    Advantages of having a Cash back credit card

    Cash back credit cards: Cash back credit is a program in which credit card companies paid the percentage of amount that is spent by the card holder, basically it is an incentive program. This is done to increase the use of card by giving them points, giving them discount on airlines that called frequent flyer miles and monetary value. Monetary amount is the benefit that is known as cash back or cash back credit. How do cash back credit card works? Cash back credit card works every time when one use a credit card the card issuer pays you a certain percentage of the amount that you use in purchasing. This can be explain by the example that if you buy something worth $80 and your card offers 2% cash back on your all purchases, then $1.60 is the amount you would earn in cash back. You can see your gathered earnings on online portal account of that bank or on your monthly statement, this can help you to decide that when you can recover your cash back and use in your favorite timings. While some credit card companies automatically applies your cash back points to credit in your account.  Does cash back cards actually give you cash? The word cash back never means that the card issues  will send you the amount in envelope that is  full of...

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    What is a credit score?

     Credit Score: This is a number from 300-850 by which we can identify the creditworthiness of the particular user. As the score is on the high side it reflects that the debtor will kept his eye on the loaner which is implicit. Credit score depends on the credit history, such as user’s accounts that was registered to his name, total debts he takes, and his record of requital. This history and data of credit score helps the lenders to investigate whether to give the debt or not. Where to see Credit Score: In order to know my credit score, firstly you must kept in mind that credit score are not single or one only for a particular customer it may be more than one. This calculation is relay on the history of your credit reports gratified. There are three basic nationwide bureaus that give this data from where you can search out my credit score like Equifax, Experian and TransUnion. How to see my Credit Score? See the Financial record, loan statement of your credit card: Now a days most of the banks and credit giving firms initiated the step to facilitate their consumer by including information on the bank statement, or they can easily available through online account services. Purchase credit scores directly: The three bureaus as mentioned above and some other like FICO you can buy from...

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    Why is it good to have a travel credit card?

    Everybody needs to travel every now and then and what better way to double boost your travel when you can earn reward points and miles on your way? The benefits from travel credit cards could come in several ways like redeemed miles, hotel stays or points in cash that you can use. All in all, having a travel credit card allows you to make the most of your regular traveling experience. Also, when you travel you have to follow some pre-essentials so you may travel with comfort and with no sort of weight on mind after all the fundamental intend to travel is to accomplish significant serenity. Among different things you should be worried about, a travel credit card has its own noteworthiness and must not be disregarded. Nowadays the travel credit cards have been of much advantage for many individuals and they really are assisting of the way with regards to traveling. There could be numerous purposes behind which you should put into the travel credit cards, a couple of such reasons have been examined here. Appreciate an Insured Travel Experience (i) If you are a regular traveler, a traveling credit card might be of much assistance for you if there should be an occurrence of keeping you guaranteed with the traveling cost. It keeps you ensured against a wide range of loss of things, fake bookings and...

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    Why is it important to have a savings account?

    While most of us have a checking account, it doesn’t diminish the important of having a savings account at all. There are numerous explanations behind which we need savings, at times since we have a costly investigation plan, an arrangement for a startup, for crises, to purchase another house or possibly to venture to the far corners of the planet. Everybody has wishes and to satisfy them individuals buckle down, bring in cash and in the wake of expenditure attempt to spare some too. Nonetheless, keeping this money in your wardrobe will never assist you with accomplishing more rather considering a savings account could be an appropriate one. This is no cost except for an ideal component to build your savings and that also by considering an assortment of choices offered in the rundown of savings account alternative. There are a wide range of sorts of savings accounts; anyway the ones which are moving a lot of nowadays and are utilized by individuals regularly may incorporate the accompanying decisions. Easy Access Savings Account As the name proposes the simple access savings account is one of the fundamental or you may state the most adaptable savings account choice. This sort of account permits you to bring in revenue over the amount of cash that is right now present in your account. There is no restriction to keep up neither there...

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    What do you need to know about checking accounts?

    CHECKING ACCOUNT: For deposit and withdrawal of money in a bank or financial institution, there is a deposit account called a checking account. Its’ benefit is its liquidity, it allows as much deposit and withdrawal to take place, unlike less liquid accounts. It is also known as the demand account or withdrawal account for as much withdrawal and deposit as the customer demands which is not found in saving accounts or other accounts as they have a limit to it. Its’ tradeoff is that its’ doesn’t offer much interest. The deposit and withdrawal are made by ATM, electronic credit or debit card, and checks. CHECKING ACCOUNT OPTIONS: These accounts are set up at the financial institution’s website or at a bank branch. The money can be deposited in the checking account via ATM, direct account, or over the counter deposit. The withdrawal of money from these accounts is through ATM, electronic /credit cards, and checks. With the advancement of technology, deposits are made by electronic transfer, there are automatic payment options for the routine payment made every month, and the smartphone is also used for this purpose. This means that the payment can be withdrawn and deposited without writing checks or mailing paper checks. For usage checking accounts have commercial and business accounts, student accounts, and joint accounts too. Business accounts are owned by business authorities for their commercial...

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