Simple Actions You Can Take Now To Help Get Yourself Out Of Debt

Simple Actions You Can Take Now To Help Get Yourself Out Of Debt

Getting yourself out of debt or trying to repair bad credit can be a long, tedious process. Too many people have spent years wrestling with financial or bad credit issues and know the solution will not happen overnight. It can take months, sometimes years to unravel a financial crisis and repair bad credit but it still is do able. Read more

How To Become An Expert Forex Trader In Malaysia

How To Become An Expert Forex Trader In Malaysia

If you are a Malaysian resident and you are thinking about ways to make some extra money to supplement your income, venturing into the forex trading business can be a great idea. Even though you can make a lot of money in this business, it is not as easy as it may look. It takes more than just having enough money to invest to be successful in the forex trading business. Read more

What are the Primary Components of a Trial Balance Sheet?

What are the Primary Components of a Trial Balance Sheet?

    What is a Trial Balance?

      Journal entries, debits and credits, profit and loss statements, balance sheetswhere does it all end? To be honest, everything either flows into or comes out of the trial balance sheet.

    Think of the components of the trial balance sheet as the heart of your accounting system. Read more

How to Deal With a Cash Crisis

How to Deal With a Cash Crisis

The key steps to take to deal with a real cash crisis are firstly to get to grips with your exact cash position and this involves preparing a cash flow forecast. Then you will need to both improve the control of the cash you have as well as identifying opportunities to create or free up more cash.

Understanding your position

A cash flow definition is the forecasting of a business’s real cash inflows and real cash outflows over a period; usually on a weekly basis for 13 weeks in a crisis, but sometimes on a daily basis in extreme cases.

You can buy cash flow software, but in practice a basic forecast can usually be prepared using a simple spreadsheet on which you set out in a logical structured way the expected timings of real cash:

– coming into the business from debtor receipts, loans raised or assets sold; and

– going out of the business as payments.

Together these will give you a net cash movement over the period which can be used to walk forward your expected cash position based on the assumptions you have made.

Controlling the cash you have and managing cash flow

You should then actively use your cash flow forecast to control the cash in your business by using it to make decisions on the timings of payments and what commitments you can make to creditors.

In preparing your forecast you should also be using it to examine your business. Read more

How to Pass the CPA Exam

How to Pass the CPA Exam

The CPA exam is feared by many people who want to become certified public accountants. The exam is not an easy one indeed and has a pretty low passing rate. As a matter of fact, only 5% of all people who take the test pass it in their first try. Still, this doesn’t mean the test is impossible to take. Here are a few tips about how to pass the CPA exam.

First of all, and this is extremely important, you need to learn how to calm down your anxiety. Read more

Advantages Of Payday Loans

Advantages Of Payday Loans

A lot of people talk about the bad points about payday loans, but there are also plenty of advantages of using them rather than other types of loans. Are you thinking about getting one but youre still not sure? Well, maybe some of these advantages will help you make your mind up. Here are just some of the advantages :

Speed : The best thing about these loans is how quickly you can get the money, there are just no other loan that is nearly as quick as a payday loan. Read more

Bookkeeping Money-Saving Tip #12 – How to Get Your Customers to Pay

Have you ever read the book “The Four Hour Workweek” by Tim Ferris. It is, without a doubt, one of my favorite business books of all times, and I recommend it to nearly everyone I talk business with. But the reason I bring it up today is that this book is creating a phenomenon of lifestyle changes across the country. People are working in offices less, and working from other areas in the world more. In fact, families are now taking year-long sabbaticals from their normal daily grinds in order to live the life of digital nomads.

What does that have to do with getting paid, you may wonder. Read more