Business – Securing Your Financial Health – Financial and Banking Options

Financial and Banking Systems are businesses that, like you, desire profit. They therefore charge you for each of the services that you choose – amounts which can drastically affect your bottom line. It is therefore important that you carefully analyze and make the best possible choices for your business. You will need to consider the following categories:

Personal Accounts – Some people like to keep their personal and business accounts in separate banks thinking that they then have more privacy, control and benefits. Others prefer the convenience of having all their accounts at the same place so that they can make one trip for transactions or transfer easily between accounts. There may be discounts or financial advantages offered by the bank which result from having several services. These can appear in reduced interest rates, shares or preferred client services.

Business Accounts – Because you are in business – you need a business account. Be cautious when you choose the type. Will you pay a monthly fee or according to the number of transactions you make each month? Does your account have international options? Do you have free or reduced rates for safety deposit boxes or money orders? Can you use telephone or on-line banking without charge? Do you have a debit card or night depository option? What will cheques cost to order? Are there extra charges for you to receive your cancelled cheques? Would a Global Payment Card be offered to you (one in which you pay a merchant with the card but the funds come directly out of your account. You may wish to have a small overdraft protection for which you would only pay interest when used to accommodate your contracted accounts receivables. It is very important that you understand what is available and exactly what it will cost you. Also, you will need to review your account each month so that you are aware of the charges you are paying.

Lines of Credit – Starting, operating and expanding a business can place demands on your finances which may best be handled with a line of credit. Interest is only charged on the outstanding balance which can be paid throughout the month as funds are available.

Loans – Start up can be costly and opening an office with furniture, equipment and the necessary business items might not happen unless you are able to secure an approved loan. You will need to provide the bank or credit union with documents that would convince them of your ability to repay the loan. The less risk – the less the interest rate will be.

Credit Cards – The options are unlimited. Some business people choose their credit card according to the bank they use, the points they can accumulate or the interest rate charged. Again you will need to be very cautious about your choice. Avoid those with annual fees and high interest rates. Ensure that you understand the repayment requirements – dates and amounts – so that you do not experience late-payment fees or an increase in interest rate because you missed the payment cycle.

Savings and Investment Accounts – You may choose to put your profits into bonds, short or long-term accounts, certificates or a number of other options. You will need to research the options and might benefit not only from reading about these but also from discussing them with a Financial Planner or accountant.

It is usually less expensive and more convenient to have only one chequing account (that pays interest on positive balances) and one credit card that is paid off each month. The rest can be unnecessary and expensive. Your business, however, is unique, and because of this, you will need to make unique and wise choices.

Vanishing Branches Vs the Need For Reform – The Difficult Year Ahead For Britain’s Banks

As the UK continues into 2010 and out of recession, the debate surrounding possible plans to change the finance industry for the benefit of savers and customers seems to be gathering some speed. However, the biggest changes that could be seen in the UK may not involve an increase in the number of branches per bank – especially if their primary aim is to, in Jean-Claude Trichet’s words, ‘restructure their balance sheets’. So, just how difficult could the next year be to please both Britain’s customers and the financial institutions?

The debate comes just after the Chancellor of the Exchequer, Alistair Darling, stated before his trip to the World Economic Forum in Davos that: ‘To separate the banks doesn’t deal with the full problem… It is the connections between institutions that cause problems, not the legal entity.’

He also highlighted that his belief involved less radical reform than that which has been proposed for the United States banking sector, but also made certain that global co-ordination on the matter is the most important thing for all nations to strive for ‘otherwise we will get arbitrage.’

But with sufficient room for banks to acquire each other, is there then a risk of branch closures and less choice for UK customers? According to the Daily Mail online it would seem so. The latest data from Money Mail highlights the comparatively little number of branches per person compared to the rest of Europe. The UK currently has 169 bank branches per million people, while France and Germany have 435 and 509 respectively – and Spain has a massive 948 for use by the same number.

Yet, while it could be argued that comparison between countries may itself be arbitrary, it is perhaps the trend that one in six branches has shut in the last decade that may be of concern to many.

After all, if one agrees with Trichet’s notion that to ensure the banks themselves are in the best possible position they can be in order to ‘do their jobs and refinance the economy,’ at least before making a more enthusiastic effort to encourage customers to save with them – then it may be even more time before customers begin to see more branches and more enticing competition-influenced rates.

Choosing The Best Student Bank Account

When you decide to take the leap into student living, there are a huge number of housekeeping tasks that need to be taken care of before the fun can begin. Inevitably you’ll be bombarded with jargon from a whole variety of different sources, one of the most important of which is where you’re planning on keeping your precious student loan.

Before we get into the nitty gritty of specific student accounts, let me explain to you a few of the key phrases that you’ll need to get your head around in order to find the best bank for you.

The Basics

You’ll want to know about this one. An overdraft is a set amount (say £1000 for examples sake) that you can borrow from your bank once all your own money is gone. Student overdrafts are interest-free, however you can still incur transaction fees and interest costs if you go over your overdraft limit.

Picking an account with a huge overdraft limit may seem tempting, but you have to consider whether or not it’s what you need. If you know you’re likely to blow it all on a series of nights out, then you should probably pick an account with a lower limit.

Interest Rates
Interest rates apply to both saving and borrowing. In comparison to a normal bank account, your student account is relatively safe from borrowing interest rates whilst you’re still a student. This period of time will (sadly) come to an end however, and you’ll need to consider how quickly you need to pay your overdraft back before it starts incurring interest.

Interest savings rates are important, too. For example, if you manage to stay in-credit of £500 all year round, and your interest rate is 2%, then you’ll earn £10. However, many banks don’t offer any sort of in-credit interest rate for their student customers and you might want to consider a savings account for all that extra cash.

A word that will no doubt make your heart leap over the next 3 years. Banks offer all sorts of freebies in order to entice students in, some more useful than others. From money off your mobile phone, to a free discount travel card… it’s up to you where your priorities lie.

Banks & Their Account Features

Increasing interest-free overdraft
o Starting at £1000 in your first year, this overdraft increases by £250 every year and is available for 5 years.
Student Credit Card
o £500 maximum credit limit
o 56 day interest-free period on your purchases if you pay on time
o Representative 18.9% APR (variable)
o Free 16-25 railcard. Gives you 1/3 off rail travel.
o Student discount card (New Look, Apple, Subway & others)
o Must deposit at least £750 every 6 months
o Make at least 3 debit transactions every month

The freebies are certainly tempting here, and NatWest’s overdraft system is a sensible one. In your first year, they even break up your £1000 into terms, so you don’t spend too much at once. However, beware of the credit card. Getting into surplus debt is not necessarily the best of ideas.

Large interest-free overdraft
o Instant £500 upon opening your account
o Up to £3000 (subject to status & account conduct)
In-credit Interest
o During your first year, the first £1000 in your account will earn interest at 1.5% AER/gross above base rate
o Apply as soon as you have proof of your uni place you get the full benefits of the student account & 25% off Lonely Planet Travel Guides
o Student Bursary Competition – giving 8 students the chance to win £15,000

The offer of in-credit interest in your first year of study is fairly unusual, and could be worthwhile if you’re good at saving. HSBC also offer a student credit card with a £500 limit, however their card is subject to your account conduct. HSBC certainly appear to reward sensible spending, which is a positive.

Interest-free overdraft
o Maximum £2000
In-credit interest
o Earn 1.00% AER (variable) interest on balances up to £500
o Open an account between 16 April and 30 June and get £50 paid into your account in July

A good in-credit interest offer, and the £50 is a nice incentive if you’re opening an account in 2012. However this is a fairly simple account, which may not offer you everything you need.

Understanding the basics is vital when you’re looking for your student account. Everybody’s priorities are different so the ‘perfect’ account doesn’t exist, but knowing where you stand when it comes to overdrafts and interest rates is hugely important. Be sure to shop around for something that suits your needs, and don’t be fooled by marketing gimmicks.

Trends of Outsourcing Finance and Accounting Services

Organizations are looking for effective finance and accounting trends, ways to reduce the operational costs and gain a competitive edge in the market today by outsourcing their processes.

2014 is expecting a growth of 56% in BPO service sales in the first three months of the financial year.

As per the research carried out by a self-regulating research firm, strong development is estimated in business process outsourcing. The global market shows an approximate opportunity rate of US $150 to $200 billion in the field of finance and accounting.

Back in 2010, the industries that largely shifted to finance and accounting outsourcing were retail, manufacturing, travel, financial services and logistics. These sectors accounted for roughly 70 to 75 percent of the total spending. Other industries exploring the scope since then include real estate/ property buying & selling firms, medical, banking and IT firms.

The finance & accounting solutions also takes into account payroll, accounts receivable and accounts payable outsourcing processes. Evolving development trends in this sector are financial planning and business analysis.

Reducing cost and enhancing business productivity has always been the focus of organizations operating in this field. Today, looking beyond mere cost reduction the emphasis is shifting on to create new revenue streams. Potential BPOs must make noteworthy advancements of performance metrics while dealing with large accounts of inefficiencies. Subsequently, this moderates financial risks and ensures compliance with the developing regulatory norms.

The outsourcing organisations who are up to elevate the finance function and meet client challenges, propose the best ever finance & accounting solutions to the industry. In the virtue of accelerating financial growth without putting an organisation into much of a risk, BPOs plan to give a sustainable development while enduring to capitalize on manpower and innovation.

Obtaining a better insight on business performance and maintenance, the shared service providers can lend a great support for preparing revenue growth plans. These outsourcing firms operate as a comprehensive partner supporting, managing and executing finance related functions covering the following:

General ledger
Accounts receivable
Accounts payable
Reporting & compliance
Budgeting & forecasting

Financial service providers drive a robust implementation of process enhancement mechanism that manages the monetary and regulatory risks, contributes in business growth while maintain the cost.

Such refined economic methodology not only helps businesses improve efficiency but, also drives value through upgraded key performance indicators such as profit recovery, DSO, etc.

Adding on to the business value, the service providers work towards bringing process improvement to an organisation leading to profits that are greater than their yearly convention value. Organisations benefit as enhancement in the map of accounts leading to decline in the month-end closing cycle by 10%. Firms gain up to 30% more business efficiency during their work tenure of outsourcing processes.

Using Blockchain Technology Companies for Trade Finance

One of the most propitious industries for blockchain technology is trade finance. Many of the world’s largest banks are putting time into its research and development.

Thanks to a consortium of 71 global financial leaders, R3CEV, much has been uncovered about potential uses of blockchain technology.

Since 2016, R3 has executed several pilot runs in the marketplace to complement their research. They will continue to improve these strategies until ready to fully enter the market.

So, what are some of their findings of potential use? Here’s the future of trade finance with blockchain technology companies.

Monitor Real-Time Status and Condition

One of R3′s members, CBA, is a leading contributor to the research of blockchain technology. Currently, they are undergoing 3 different projects to analyze blockchain use.

They are conducting a trial run with exporters who ship cotton. A humidity monitor is placed inside the canister, which is linked to IoT and GPS.

This monitor allows consumers to track their shipments with real-time status. Also, they are able to evaluate the condition of their product as it travels through.

Other national blockchain technology companies are running pilots, similar to this study. In Singapore, Hellosent is conducting similar tests. However, they’re studying the import of French wine.

Eliminate Unpaid Settlements

A growing issue for grain farmers is a financial loss due to trade insolvencies. An estimated $50 million was lost in 2014 because of this activity.

It takes roughly 4-6 weeks for a farmer to receive payment for their shipments. At that, often times conflict arises between farmers and buyers over payment complications (failing to pay the appropriate amount, late payment, etc.).

Australian start-up, Full Profile, has taken matters into their own hands.

Their blockchain platform allows farmers to now receive automatic payment upon delivery of grains. This will significantly reduce the risk of dispute between farmers and buyers.

Once Full Profile’s application is fully functional in a domestic setting, they will expand on external trade.


The use of blockchain technology can also be beneficial to reducing financial loss and risk. Upon further development, it will be able to digitize sales and legal arrangements.

Trade finance is an unwieldy industry, that relies heavily on settlements and contracts. Currently, most of these agreements are handled the old-fashioned way: paper copies.

Blockchain technology will remove the need for this paper-based system. This ultimately reduces the risk of financial loss as documents are often lost, mishandled, or tarnished.

Electronic documentation can be tracked much more efficiently. Also, it cuts out the need for a third-party verification system.

Interested in Learning More About Blockchain Technology Companies?

Blockchain technology creates transparency in financial trade between buyers and sellers. From the moment an order is made up until payment, blockchain is capable of simplifying the trade process.

Get That Offshore Banking Account You’ve Been Dreaming Of

Many people today think that getting an offshore banking account is difficult and hard to get. While its actually easier than you think to find and open a foreign bank account. There are many banks that offer their services and bank cards to those that would like to open a personal or business account. This can be a great advantage for those looking to find a great deal on deposits since there’s a lot of different currencies in the world today. So when you think to open an offshore bank account it can be done easily on your next trip abroad.

There are some different accounts a person can open like business or personal accounts. These usually come with a debit card that you can use to withdrawal money. At the same time depending on the type of card you can use it online to make secure purchases. These days they are starting to use what’s called a chip that is integrated into the card for security that is hard to copy.

Whether you just want to just deposit a set amount of money and earn interest there are a few options. Since there are many different currencies used on the world market today each has an advantage. While many times higher interest is offered depending on how long you intend to keep money there.

To open an account you are going to need to provide your identification like a passport. Since each country may differ in laws and regulations it’s a good idea just to ask if anything else may be needed. There can be some really good benefits to opening an offshore account so you don’t keep all of your eggs in one basket, which is important.

When you want a offshore banking account you are more like have to travel abroad to get it. There are many advertised accounts online however be cautious about scams and tactics that are used to just take your money. An advantage to going to the bank in person is that there is no chance you will be misled or scammed of money. Depending on the country you eventually travel too it may be a good idea to have someone that speaks the local language for the best results.

Once you do travel abroad and find the account that suits you best getting online access is a great way to keep an eye on your account. You can check on any transactions like incoming deposits or purchases you made. Be sure to have your entire bank account number when you think to transfer money from your home country. This can guarantee less time to get money send which usually take a few business days for most banks.

Finding what you want can be made a lot easier when you do a little research. By looking around on the internet you can find a lot of good information especially what others may say about it. At the same time there care always all kinds of offers that can get your attention so you can put your money where you want

Offshore banking account does not have to be just for the few elite it can be for anybody. Whatever you plan to use your new account for like personal or business it’s good to know there are many options. With a little research and looking around while abroad it can be quit easy to find an account with all the benefits of a bank from back home. So the next time you travel abroad be sure to open an account that can make your life easier.

Racing Awards, Medals and Customized Gear for Runners

Running, whether it be a 5k with the family, a 10k for an extra challenge, or a marathon for the elite runners, can be a very exciting and memorable experience. Running is a very personal sport to lots of people, as it can be great exercise and can make you look and feel very refreshed. Tons of awards are given out to winners at races each year. For people organizing these racing events, finding customized and personal running gear can be difficult, as well as finding unique prizes for running champions. When orchestrating a race, you want to have a memorable competition. Medals and unique prizes can help to make the race more exciting. Participants can keep prizes as souvenirs, and remember the experience better because of a keepsake.
The most important souvenir a competitor can take home is a winning medal. Those are worn with pride, and showed to family members and friends. They are often hung on walls, or shown off where they can be seen. Of course, medals need to be personalized, unique, and specific. You cannot award a running champion with a medal that doesn’t recognize what it’s for. It is often a perfect idea to find a company that will provide you with customized prizes for winners. Often, you can ask for customized medals that include the date, the name of the race, and the name of the company sponsoring and orchestrating the event. That way, when people proudly show their winning medal to others, the people who made the event happen will receive the credit and publicity they deserve.

In addition to medals, running apparel and gear can be a great way to make the race more memorable. Unlike medals, gear is commonly worn and would be used often. Passing out swag, such as customized shirts, jackets, hats, and bags can be a great way to add to the excitement of the race. Races with their own gear are viewed as more unique, as they have customized logos and attractive designs. Shirts can be given out to families, and jackets can be sold at the finish line. Hats can be passed out before the race to keep the sun out of the athlete’s eyes. And, of course, bags can be kept forever and used for multiple occasions. Having the name and date of your race on these items can help to increase publicity and help the runners remember what a successful and memorable race it was. Customizing these mementos can help to define a great race, and will definitely help a race to be more exciting and enjoyable.

Gamble on Line – Possess these Various Advantages for your own

There Really are assorted kinds of games and sports which can be found around the world and human beings possess significant interest within them. There’s simply no uncertainty at the simple fact this one among the absolute most essential explanations for why the games and sports really are all important to this public is on account to how those toss some type of troubles .

There Is just 1 particular certain form of video sport which likewise causes it to be into this set of their treasured games which people are able to playwith. And it’s also not any aside from betting. Betting fulfilling the exact same and is exactly about challenges. There are areas. But once again if it regards betting on line the huge benefits really are far a great deal greater than that which it’s possible to see right now.

Now you Must definitely make certain which you’re choosing the optimal/optimally internet web sites as a way to acquire through together using the practice of betting absolutely. And this is what’s going to offer a great deal of benefits to you.

A Variety of Benefits of gaming Internet:

After Would be the numerous benefits of betting on line that individuals have to be mindful of:

· Convenience:

Comfort Is decidedly among the greatest explanations. Here really is some thing which functions being a boon because you aren’t going to need to go everywhere whatsoever.

· Engage in every time you enjoy:

This Is another benefit that is important you have to know of. The internet singapore casino has ever let exactly the exact same as properly. You may be certain you are surely becoming to engage in midnight or sunrise much.

? Perform from anyplace:

Now you Maybe in almost also you also may adore the access to the games online and virtually any nation.

Each of In making certain you’re receiving through, These items can help you With the consequences for on line.

Coloring Pages Growing Horizons Of Kids

Children are amazing. They know whatever they are taught. If You wish to enhance the horizon of one’s children, and it’s time to get them participated together with coloring pages. Yes, even they all are on line pages that offer many different ways to bring the hidden talent in your kids. These coloring pages comprises of exceptional lessons that are conveyed at a manner that is fundamental to enable kids to grasp.

Coloring Pages – Benefitting Childrem

Worrying concerning the cost in Association? Chill, as they truly have been available at no price tag. Furthermore, you need to stay away from the stress of shopping for exceptionally costly gadgets that are educational. Everything you will need to have is your distribution for your own printer. It can open the pathway for both kiddies to take high benefits in association with internet colouring pages.

You must be wondering why children Have to Be included in coloring. The main reason is that coloring an image will absolutely control the entire attention of one’s kid. They is going to be in a favorable position to concentrate regarding completing their work followed closely by presenting the most useful finished merchandise.

Parents Can Be Getting Brief Repite

Additionally, Mom and Dad Will Have the Ability to Acquire short respite as your Children will probably undoubtedly be coloring pages which is really a funny exercise. On the web coloring pages have been well known to give children several of the best educational gains entirely. They is going to soon be memorizing numbers along side titles of veggies as well as creatures.

More vulnerability to coloring, simple will probably be learning methodology. Kiddies will secure a chance to fortify the coordination between eye and hand . Since they’ll be learning to color lines, abilities will grow in a ultimate manner. Psychologists state that coloring offers an insight into emotions of children in an imaginative way.

Which exactly are you thinking? Involve your kids with coloring Pages in the earliest.

Types of Wood Siding Available for Homeowners

When building your home, even the smallest decision could make a world of difference in what it ultimately looks like. This is also true when undertaking an exterior redesign project. Siding, among other key characteristics, is one of those big decisions that could entirely alter your home’s exterior appeal based on your decision.
Although plastic siding has become a popular option in recent years due to pricing, traditional wood siding remains the preference for many homeowners. This is because wood siding offers customers numerous benefits over their plastic counterparts. Benefits include:

• Wood siding is eco-friendlier than plastic

• Wood is more aesthetically appealing

• Many types of wood are naturally resistant to mold, mildew, and rot, which allows the home owner less maintenance

• Wood lasts longer

• …And much more

One of the main benefits is that wood naturally takes to paint, stains, and other decorative options incredibly well. Plastic, on the other hand, often must be crafted in the customer’s color choice – meaning that options are limited. Once decided upon a type of wood siding, however, you can then choose any type of finish. Whether you want to paint your home the colors of the rainbow, or opt for a natural dark wood stain, anything is possible. Below we look at four of the most commonly used types of siding available: board and batten siding, bevel, tongue and groove, and lap siding. Each has their own aesthetic appeal so that there is something for every person’s unique tastes.

Board and Batten Siding

Board and batten siding is a vertical design created by using two different sized boards. The wider boards are set beneath, while the narrower boards are placed atop the joins. These narrower boards are called ‘battens.’ There are no set widths, so homeowners can choose their preference. The most commonly used measurements, however, are 1 inch by 3 inch battens placed over 1 inch by 10 inch boards.

Bevel Siding

Bevel siding is the most commonly used siding. Installed horizontally, boards are cut at an angle so that one side is thicker than the others. This creates a shingle effect, or the appearance that the boards are overlapping one another. Tongue and Groove Siding Tongue and groove siding is incredibly versatile. Available in both rough and smooth board finishes, it is fitted together tightly to give a sleek appearance. It can be installed in any direction, which does not only include horizontal and vertical, but also diagonal.

Lap Siding

Lap Siding is also known as Channel siding. This siding is very versatile, with installation capabilities for any direction (like the above tongue and groove siding). This unique siding features boards which partially overlap one another, and the ultimate results are a rustic appearance like those of a hunting cabin. If you’re interested in learning even more about wood siding -including less commonly used types available – you can contact your local siding specialist or construction expert. They will be able to give you more detailed information, including a price estimate for your area.