Category: Finance

Financial advisors (1) When someone is planning for retirement or simply creating a personal budget, there is a need to get help from an expert. Financial advisors are the professionals who help people to make decision about financial budgets. They provide financial services and products, depending upon the training and qualification examinations they have. They use their expertise and knowledge to generate customized financial plans that make for client easier to achieve financial goals. Those financial plans are not comprised of investments only but also budget, savings, tax strategies, and insurance. Role of financial advisor A financial advisor is...

It is strategic planning, direction, organization, and control of financial procedures within a company. Any enterprise needs to ensure a secure and steady cash flow.Accounting software is a type of application software that documents and manages accounting transactions, accounts receivable, accounts payable, general Ledger, Journal trial, balance, and payroll.The use of transaction journals is a traditional way of performing financial tasks.

Credit score A credit score is a statistical numerical value that depicts the person’s creditworthiness. This statistical number is based on the credit history of a person, usually taken from credit bureaus. Credit history includes total debts level, open accounts, repayment history, and some other factors. Credit scoring has become very important with a dramatic increase in applicant credit in recent years. Credit refers to the amount of money that is lent to the applicant which must be then repaid at a specific interest rate, in installments. Different bodies like banks, utilities, mail order companies, and various other organizations...

Cashback credit cards (1) A cashback credit card is a beneficial card that refunds a small percentage of money on a single purchase. It also refers to the practice of cardholder to get an incentive when he exceeds the specific purchase threshold. It is an incentive program operated by companies issuing a credit card. In the last two decades, it has become dramatically popular. In 1990, this program of giving incentive was offered by major credit card companies only. Later on, these programs have become ubiquitous, and now nearly all credit card companies are offering this feature on all...

Travel credit card (1) It is a card that provides rewards to a client on travel-related spending.It is in the form of reward points or miles given to the client that he used for making purchases related to travelings, such as hotel rooms, flights, and planes. The rewards can be profitable, but they can also come with annual fees. A Card Holder can enjoy many perks related to traveling such as elite hotels, free traveling, and using expensive airlines. How do travel credit cards function? The person who travels a lot also spends a lot on travel-related expenses such...

Saving accounts (1) It is a bank account that helps a person to save money for short-term goals and earn interest on the deposit . One can set up this account at any retail bank or financial institution . Its reliability and safety makes it beneficial option to deposit cash for short term needs. It helps in growing money as bank pays interest on the deposit. Saving account is easily accessible in emergency situations. Need of saving accounts There are various reasons to save. Saving accounts are great for building emergency funds, savings for vacation or buying a new...