Credit is tricky. If you have bad credit, it’s more difficult for you to secure new or additional credit. If you don’t get new or additional credit, you can’t build good credit very quickly or very well for that matter. It’s a vicious cycle that many consumers find themselves in. Fortunately, there are ways you can improve your credit standing. In addition to paying all your bills on time and paying down your revolving credit card balances, you can build your credit through strategic use of installment loans. Following are three types of loans you can use to build good credit.
A credit-builder loan is offered by small banks and credit unions as a way to build or improve credit. It works differently than a traditional loan. When you’re approved for a credit-builder loan, the money you borrow is placed in a savings account that you can’t touch. …Read More
Management accounting and reporting has several uses, but one of the newer applications of management reports is in employee reviews. Here are some tips for making reporting a part of your employee reviews.
Why Use Management Reporting?
There are a few main benefits for using management reports in your employee reviews. First of all, it’s a great way to collect tangible data on your employees’ performance; it may be hard to track every single contribution over time, but you can get some sense of an employee’s dedication to the job if you collect data such as number of hours worked, number of sick days taken, and billable hours for each employee. These are simply a good starting point for discussing other achievements and areas for improvement. And they give you something qualitative to point to if you need to bring up any concerns.
How to Start Management Accounting
Management accounting …Read More
When an investor is choosing investments for their portfolio, it is important for them to choose those investments that have a solid history of transparent financial reporting. A full disclosure of all financial information leads to less risk, more trust, and an overall stronger portfolio for the investor. The following are some of the important aspects of transparency when it comes to investing:
Importance of Transparency in Financial Reporting
Transparency with regard to financial reporting includes providing accurate documentation available to those involved with a transaction. This includes high-quality financial statements that are clear, easy to understand, and candid. To make a sound investment, you need this information about all companies you are considering.
The more financial information you have on your investments, the more certainty you have that have made sound investment decisions. When financial statements are not transparent to investors, they can never be 100 percent certain about …Read More
Getting into debt is fairly simple to do. With all of the promotional offers given out these days, from zero interest for extended periods of time, to percentages off your purchase each time you shop, it can be very easy to fall prey to over-extending yourself with credit and loans. Some loans and credit are necessary to have (such as those offered by Community Resource Bank), as things happen in life that you can’t always prepare for. To pay off those loans or credit cards, you may have to make a few changes to your lifestyle and how you pay your bills. See below for helpful tips on how to pay down your debt quickly.
Grab all of the bills that you have outstanding and organize them. Put your utility bills into a pile and then your credit card bills, loan bills and doctor bills into another …Read More
If you own a few ATMs that you keep outside, or if you own an ATM that is located outside of your business, you’ll want to winterize it before it starts to get really cold. The dampness and coldness of winter can damage your ATM, which is not good for business. Here are a few tips that will help you winterize your ATM.
Keep Your ATM Sheltered
The first thing you need to do is make sure that your ATM is sheltered and protected from the elements. You don’t want water to get into your machine; it can easily get into the little gaps around the keypad on your ATM machine.
If you don’t have one already, invest in a kiosk to protect your ATM from direct exposure to rain and snow during the winter months. This will allow you to get more use out of your ATM and will …Read More
Most people think of cash advances as a way for individuals who are having money troubles to pay personal debts such as rent and bills. Cash advances can actually be advantageous for those who are starting out a new small business as well. Here are four reasons a cash advance might be the right option for you to get your small business off the ground.
1. Money for Product Fulfillment
If you have a business that deals with getting inventory out the door, your orders might be coming in faster than you can produce a product. If you are guaranteed turnaround on your products selling with pre-orders, it might be a good idea to move forward with a cash advance. This can help with back orders, products that will sell for the holidays, or if you are working to expand your line of products.
2. Growing Infrastructure
If your business …Read More