Invoice finance is a handy way of getting an advance on your outstanding invoices. Many businesses (over 40,000 in the UK alone), use invoice finance as a way of managing and improving cash-flow. Broadly speaking, invoice finance comes in two forms – factoring and discounting. The key difference lies in whose name is used to…
Take the hypothetical scenario where you are told to compare apples with oranges. Any sane person can tell that it is not wise to compare apples with oranges. The same rule also applies to financial accounting. Just imagine how the situation would be if every organization started following its own format for creating Accounting Financial…
The cost of post-secondary education in Canada has been rising steadily for the past few years, including tuition fees and housing costs. Tuition fees alone rose by 40 percent over the past decade, necessitating the need to maximize savings of education funds. It’s no doubt that most Canadian parents save money for their children’s post-secondary…
We live in an online world. Almost anything can be done through the internet now: shopping, learning, and yes, even borrowing money. There are a lot of online financial institutions and storefront lenders already that offer various loans and payment terms. It’s no secret that a lot of people (especially younger borrowers) prefer this method…
Now that the year is coming to a close, it’s time to set your expectations for the decade ahead. Aside from adopting healthier habits, one common resolution that people tend to make is to develop their financial management skills. Unfortunately, most people aren’t able to keep up with this commitment and end up making the…
How will the purchase price sale of gold perform this quarter? How does the relationship between the value of the dollar and the price of gold correlate? There is a longstanding and often fluctuating relationship between the value of the US dollar and the price of gold. Changes in the value of either of these…
We all know that managing cash flow is one of the key challenges and priorities for small businesses. While we want to see more coming in than going out every month, we know that’s not always possible. Whether your firm is in catering or construction, recruitment, or retail, there’s bound to be a seasonal element…
I’ve always wondered how I would react to winning a million dollars in the lottery. Taxes aside, if given a choice to take payments over 30 years or take a lump sum now, which would be better ? Taxes aside, it is better to have the million in hand now rather than wait to collect…
Payments today have become seamless and mobile-based. Payment apps like PayTM are encouraging more and more users to go mobile where financial transactions are concerned. Well, PayTM is a peer to peer payment app. In addition to such apps, mobile banking applications are quite sought after. A mobile banking app helps consumers make online transactions,…
To stay in good shape after the complete divorce process is finalized, it is worthwhile to think about protecting yourself not only from emotional upheaval but also financial stress long before you even start it. You can do it by ensuring that your repayment ability is perfect by the time you fill out your DIY…
