The Business Financial Information You Need For Funding

Posted on August 17, 2017 in Uncategorized

Most small business owners are quite eager to find avenues to help their enterprise grow into a thriving business. One key approach to help propel businesses forward is securing additional working capital, in order to get the business to the next level.

Usually, this means that the entrepreneur needs to go to a lending institution to get a small business loan. When meeting with a loan officer for this purpose, detailed business financial information will be required.

The most pertinent financial information that you will need to collect in preparation for applying for a small business loan are the basic financial reports that virtually all businesses of any size generate on a monthly or quarterly basis. These financial statements provide potential lenders with a profile of the financial situation of the business. They are also invaluable in providing the business owner with the management knowledge they need to strategically improve their ongoing business plan.

The most basic form of business financial information consists of a collection of financial statements and reports, which are prepared according to strict, standardized accounting principles. Since accounting practices and principles have long been standardized and accepted worldwide, virtually anyone with even a basic understanding can quickly understand the financial picture of a company that is painted by these basic reports.

The main reports that are generally part of a company’s financial information are the following: the balance sheet, the cash flows statement, the profit and loss report, and the overall financial statements, which include highlights and summarize each of the other reports. While the financial statement provides a review, the individual reports go into specific detail for the period of time that the report covers. Many times, when monthly reports are generated there are also quarterly and yearly reports generated that help to provide insights into the overall, financial trend of the business.

The purpose of the balance sheet is to provide the details of all of the current assets of the business, all of the liabilities that the business is obligated to pay, and the resulting business equity. In order for this financial information to be most useful, it should separate the current assets and current liabilities from the listing of the long-term assets and the long-term liabilities.

The profit and loss part of financial information is the report that most commonly covers longer periods of time, usually per business quarter or year. These profit and loss statements often include comparison charts for the previous time period going back long enough to help to identify the important trends.

Without this comparison, it might be easy to assume a business is doing well simply because it is profitable, yet overlook the fact that it is less profitable than the previous year. These trends will be very important to the lenders as it gives them insights about the success of working capital management overall.

When preparing a statement of cash flows, it can be compiled by either using the indirect or the direct method. Generally, this kind of business financial information is better with more detail because the fuller the detail, the clearer the view of the business’s financial situation. Most loan officers agree that for the purposes of obtaining financing, the more detailed the information the better because it shows that the business has nothing to hide.

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Protecting Your Personal Financial Information (PFI)

Posted on August 16, 2017 in Uncategorized

Individuals and SMBs (Small/Medium Businesses) look to the Financial Services Industry to help them invest in their economic futures. Managing funds and controlling monetary risk are what these financial professionals do, yet sharing your information with a financial specialist has an amount of risk itself.

What types of information are shared? When accounts are opened or transferred as an individual or SMB, personal identifying information is inevitably transmitted between you and your financial services representative (and sometimes their support staff). This information includes and is not limited to:

  • Name
  • Address
  • Social Security Number
  • Account Numbers (e.g. when doing a rollover or transferring banks or credit cards)
  • Date of Birth
  • Employment History and Income
  • Current Assets and Portfolio information

Much of this information is done in person or online via a secured website, but often SMBs and individual clients look to their brokers, account representatives and customer service personnel to answer specific questions to their accounts. More and more, these information transactions take place electronically.

How can client information be at risk if the paperwork is taken care of safely in person or via a secured web process? Personal financial information (PFI) can be compromised as a one-on-one relationship with your financial services professional grows and builds. Sometimes connecting with a financial services firm is done on the phone, other times via email. It’s the security of email communication between client and firm/organization where your PFI is put at risk.

A quick question or message sent off to a financial services organization appears to instantaneously pass from your computer to the recipient’s inbox. In reality, email messages make transitory stops along the way. As emails are directed by proprietary servers to their final destination, messages which arrive at each of these stops are often stored, and sometimes copied or even scanned before being sent on to their final destination. Email security goes beyond being aware of the current phishing scheme, where unscrupulous data thieves pose as someone from your trusted financial institution. Information interception isn’t just about who forwards your message on, but is also about who may seize that message when it’s en route.

Financial firms though guided by government acts, restrictions and guidelines sometimes don’t appear to have concrete policies when dealing with email between client and the firm’s employee. Compliance and risk officers to who manage the firm’s policies must deal with nuances outlined by Sarbanes-Oxley, Gramm-Leach-Bliley Act, and Securities and Exchange Commission (SEC) regulations. Each of these governmental mandated policies dictate how your personal financial information (PFI) is handled digitally, but don’t delineate the best method of PFI protection.

Andy Purdy, acting director of the National Cyber Security Division of the Department of Homeland Security in a February 2006 interview with CNet/ identifies the importance in protecting PFI and other important digital assets:

“I think consumers and small businesses and large enterprises and the government are all important when trying to reduce the cyber-risk. We’re trying to raise awareness with partners of the responsibility and techniques consumers can use to help secure their systems.” (1)

A client’s PFI is a commodity which can be bought and sold on black market data warehouses. Digital thugs look to harvesting email information in a variety of means. What can individual clients and SMBs do to ameliorate the situation while staying connected to their financial services firm? Data encryption easily facilitated process of securing sensitive information like PFI. If one of these black market digital thugs happens to intercept an encrypted message (unless they have somehow gotten the encryption keys) they will not be able to decipher the message. If the email thug attempts to break any one of the commonly used encryption algorithms, they likely wouldn’t be able to do so within their lifetime.

Business owners and individual investors can work a lifetime to become financially successful and stable. Having sensitive information like one’s PFI at risk via email can shatter that financial stability.

Risk in communicating with these services can be contained through being aware of email risks, phishing scams and using encryption tools to secure financial communiqué. Though quite broad in nature, Financial Services in each of its facets as lender, investment manager or funding arm can take an additional step in their client’s economic success. Using encryption tools enables the individual client or SMB to stay in close contact with these stewards of their financial future.

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End Notes:

1.) Joris Evers, “Newsmaker: Locking down America’s Net defenses” 16 February 2006, CNet –


Sharing Financial Information With Your Employees

Posted on August 14, 2017 in Uncategorized

A common question amongst business owners is “how much information should we share with the employees?”. In businesses with multiple principals, there is often disagreement about sharing the financial information. Some owners want to be transparent, so employees understand their decisions, but others are nervous that the information will be used against them. Transparency into the numbers can yield great results if it’s done correctly. Here are some tips for sharing financial results:

1) Never share information on payroll and benefits. It’s just not good sense to let everyone have this information. When you do share financial information, make sure this information is concealed. For example, if you only have one employee in sales and sales salary is on the income statement, you’ll want to consolidate that account with others to keep the information confidential.

2) Generalized financial information should be sufficient. When you share information, be careful about giving too much detail. Employees probably don’t need to know about every single transaction and you’ll certainly want to be careful about letting them know how much money the owners are taking home from the business. Sharing key metrics with dashboard graphs and charts will keep employees informed without giving away too much information. Remember: A picture is worth a 1,000 words.

3) Knowledge is power – educate when you share. You’re most likely sharing information with employees who didn’t go to business school, so just giving them a few graphs or information on profitability isn’t really going to be helpful. If you want them to start thinking like business owners, you need to make sure they know what the numbers mean. For example: Telling someone you have a net profit of 10% doesn’t mean anything unless they know the target net profit is 15%. Now they understand you aren’t as profitable as you should be…and you can have a conversation about how to increase profits.

4) Solicit employee opinions. If you’re being transparent with the numbers, it makes sense to give your employees a voice. Your employees are an amazing source of information. You’re doing your business and employees a disservice if you aren’t giving them an opportunity to help. If you aren’t hitting your financial targets, ask your employees for their opinions on how to solve the problem. They know what’s working and what’s not working in your business. When you step on the transparency bandwagon, be prepared to allow transparency in both directions. It’s not just you sharing with your employees; getting them to share is just as important.

5) Explain your decisions. When employees are aware of the financial metrics of the business, it becomes much easier to explain your decisions. If an employee wants a new computer and there’s no cash right now, you can put the ball back in their court. You know and they know, it’s just not the right time. You can even take it a step further. Let them bring you a business case for the expenditure they would like to make. How will spending this money improve our business and the bottom line? Getting your employees to bring solutions instead of problems…that’s priceless.

Transparency with the numbers can be great. It can help you motivate employees and get them thinking like business owners. The trick is sharing enough information to allow your employees to understand the decision making processes, but not so much that you overwhelm or give away sensitive information.

Copyright (c) 2011 Kelly Totten


Process Of Accounting For Financial Information

Posted on August 12, 2017 in Uncategorized

The financial information of your company is the direct measure of the performance of your business. The time-honored method of arriving at the accurate financial information of your business is through accounting. Let’s discuss the importance and nuances of process of accounting for financial information.

The Significance of Accounting

The rationale behind accounting is to meet the following objectives:

• Accounting is essential to determine the current standing of your business in the market.

• The financial information derived through accounting forms the basis for a sound, short or long-term, economic planning for your organization.

• The reports prepared serve as a testimony of your firm’s performance for your clients, investors, creditors and bodies like tax authorities and financial institutions.

The Process of Accounting

The process of accounting is triggered as soon as a monetary transaction occurs. It ends when the accounting books are closed at the end of a particular reporting period. An accounting cycle can be elucidated step by step as discussed below.

The following steps are executed all through the accounting period:

1. Identification of a Transaction
An event is identified as a fiscal deal and the relevant source document like a proof of purchase or a purchase order is generated.

2. Transaction Analysis
The transaction is quantified, the accounts affected are identified and it is determined whether it is a debit or a credit.

3. Journal Entry
The accounting transaction is recorded in an apt journal in a chronological order. It could be sales, purchase, cash receipt, expenditure or a general journal.

4. Ledger Posting
The journal records are transferred to appropriate accounts in a ledger.

The following steps are carried out towards the end of the accounting period:

5. Calculation of Trial balance
A trial balance is calculated to ensure that the debit and credit entries posted in the ledger are accurate; in which case the sum total of debit balances would equal that of credit balances.

6. Adjustment of Entries
Accruals like depreciation expense and interest payable, and pre-payments are recorded as adjusting entries in a journal and then posted to a suitable account in the ledger.

7. Calculation of Adjusted Trial Balance
A new trial balance is arrived at after considering the adjusting entries.

8. Financial Statement Preparation
This is the most crucial aspect of the process of accounting. Financial statements are a representation of the change in the fiscal output of a business over the entire financial period. It is classified into the following components:

a. Income statement – A measure of one or more of revenue, expenditure, profit and loss.

b. Balance Sheet – A statement of assets, liabilities and business equity.

c. Cash flows statement – It is a summary of cash movement related to investments, operations and economic activities of a business during the accounting period.

d. Statement of Equity changes – This is a report tracking movement in equity accounts viz. share capital, dividends paid and retained earnings during the financial year.

9. Closure of Entries
The temporary accounts’ balances are reduced to zero by transferring those to permanent accounts. Journal entries are closed and posted to ledger accounts in order to achieve this.

10. Calculation of the Final Trial Balance
This is calculated to ensure zero discrepancy in permanent account balances.

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Top Financial News – An Elite Group of Top Financial Insiders Have Finally Agreed to Reveal All

Posted on January 25, 2017 in Uncategorized

I was dwelling on the future on all the global turmoil this weekend, and lets be honest, there’s no getting away from it, on a daily basis. It’s so clear now that there is very few that will escape any kind of financial hardship and if it’s not happening now it will over the the next coming months and years in some form or another.

As I came across this inside top financial news, this accessible information I thought was so powerful, it will definitely challenge any experts broad views on this entire message. Already it appears to be having an effective impact, just like it is on this elite group of entrepreneurs, and even one of the richest investors in the world, so much to a tune, that they have decided hands down, to let their financial licences expire for good.

Their View and stance on this is probably the most time sensitive top financial news and information ever heard this year to date.

With all the downturn and circulation of financial certainty, these top insiders are really not affected one bit at all, as this has got to be one of the greatest wealth trends ever to be revealed this year in North America as a lucrative alternative to the melting mortgage industry that is quickly gaining national top financial news and attention amongst the very best mortgage professionals and financial advisers world wide.

Why have this elite group of top financial insiders finally agreed to reveal all to others?


Importance of Financial News & Proper Knowledge

Posted on January 18, 2017 in Uncategorized

Finance has always been a very busy and profitable sector which controls the economy of the world. The finance sector though is pretty profitable business but it not everyone’s cup of tea. If one has proper knowledge or guidance then only one can achieve success but without any proper knowledge finance sector is quite tough. One has to follow financial news religiously to have a view on the market condition. It is better to collect as much information about the market condition so that one can think of investing money at the right time and right place. Financial news is what helps a lot in such conditions. Financial news plays a very vital role in making investors understand the market.

Financial news is a guide to help traders to maximize their returns and make wealth. Trading market is not an easy task. One can make good money by trading. People have lost millions of money too. This happens when there is limited knowledge about the trading market and wrong prediction regarding stock price movements. The problem with financial trading market is that investors have to be correct over 70% of the time to make money consistently and that is a difficult task. Although there are tried and tested algorithm for the markets but sometimes in can doom you.

Market research analysis is quite an important aspect in financial sector. One has to take care of too many things for a successful outcome. Market research analysis is a systematic analysis of data related to the target competition or market. The sole purpose of market research analysis is for a clear and better understanding of the financial sector.

Online trading is a big rage among investors now a day. The internet based online trading activity is a big hit because of the absence of the middle man or broker. With many leading trading portals coming up along with online trading platforms. For it an investor has to register and get into an agreement with the firm to trade with. In online trading some research content is also forwarded to the investors such that they can make decisions prior to investing.

Investing money in the finance market is profitable for sure but one has to take care of the various things to reap benefits. It is not an easy sector but if all goes right then it can make you a millionaire overnight.


Succeeding In The Stock Market Through The Right Financial News

Posted on January 10, 2017 in Uncategorized

If you asked most people if they are living the life they envisioned themselves living, or if they are working the job they would consider to be their dream job, most of them would tell you “no”; in fact, most people go through life feeling as though they are mostly doing nothing more than wasting time, and even though they are able to make a decent living at the job where they work, “making a decent living” is not really good enough to make them feel as though it is worth all the time they spend with it.

For this reason, there are a great many people who turn to the stock market as a means to make money from home, on their own; of course, there are some people who make money in the stock market a little bit at a time, so that, in the long run, they will have a pile of wealth that they have built up and can enjoy in their retirement, while there are others who actually make enough money in the stock market in the short term to be able to live off this money – and then, for each person who falls into one of these categories, it seems as though there are even more people who actually lose money in the stock market in the long run.

Naturally, many people ultimately avoid the stock market altogether as well, and this is largely attributable to the fact that there is such a great number of people who end up losing money in the stock market in the long run; of course, what these people fail to realize is that those who have succeeded in the stock market have not done so through blind luck, or through inside information, but have instead done so through having the right financial news, knowledge, and information.

If you no longer want to have to work so many hours at a job you do not really enjoy, and would like to instead find a way to make money on your own, so that you have a brighter financial present and future, you would be well served to start paying close attention to financial market news; when you do so, you can invest wisely, knowing that you will be in a position in the long run (and soon, in the short term as well) where you are able to make your money work for you, instead of always working for your money.


The Importance of the Financial News in the Market

Posted on January 3, 2017 in Uncategorized

There is a general belief in people that in case you want to earn money then you are required to spend money and in fact lot of money. Although this information is correct in many respects but it is not true in each and every circumstances. Actually there is something new that is taking place online and is capable of earning you a fortune and without any consideration of your financial status or the present situation of your life.

People around the worlds are worried about the future financial position of their. But the advent of internet has opened new options for all such people. In the pat the advertisement of products used to be a costly procedure and it required lots of efforts also. But now with the advent of internet there are so many social networking websites that are used for sharing of information by people around the world. These websites are an excellent source of getting financial news and these sites also help in the flow of financial communication. Now you can advertise your product around the world while sitting in the comfort of your own office or home.

Every investor requires adequate knowledge and experience of trading in the stock market before investing his money. This will help him in getting good results and saving on time and effort. One must be aware of how does the stock market work before he starts investing. Today there are lots of online sites, books and videos which give education to us on this subject. They carry the necessary data and information which an investor should know about the market’s movement. A good accuracy of estimating the market and share prices are difficult and requires a thorough study.

What is important is that how you use the information that you get from the internet. This has greatly reduced the advertisement expense of the companies. The financial news is also now shared by people round the globe. The financial communication has become so fast and so easy. Now you can get all type of financial news that you want while sitting in the comfort of your home and in a time of few seconds. Now it is not necessary to have some physical existence of your business. You can do online trading.

If you manufacture or market a product or if you are providing some kind of counseling services or if you have any sort of useful information to provide or if you have any kind of product that can be conceived then you can market your product online and can very easily reach to the customers that are spread world wide. The common feeling about financial news among public is that it is a way to update their stock portfolios. But it is very important in the life of an investor. For investors the financial news is just like an idea. This idea is capable of growth only in case someone catches it.

People around the world believe in their own way of earning money and in case they found out that something is getting out of their beliefs then they will not accept such idea, especially if such idea is related to financial matters. Financial news provides information regarding the prospects of a product in the market. This news also helps in determining the right time of introducing a product in the market.


Collecting Your News and Information Online

Posted on December 27, 2016 in Uncategorized

Today the print media is having economic troubles, as advertisers migrate to online venues. Of course, the print media is diversifying quickly and moving towards the Internet themselves. Still, you cannot get all your print media online all the time. Some magazines are only in paper form and if you want to stay on top of information and news, you will need a wide range of trade journals and popular magazines to do this. But how can you get all the magazines you want to read?

There are many strategies one can employ to getting access to such magazines. Trade Magazines can often be ordered online for free, while others can be picked up at Industry Trade Shows and then signing up there. Spending one to two days a month at a major bookstore coffee shop allows you to scan through Magazines and take notes, looking up the rest of the information online later.

Many magazines now have an online versions, which is sent by email, not all of it, such as classified ads or contributed byline filler articles, is online, but reading online and occasionally at a bookstore will keep you up to date. If you cannot find a specific trade journal or magazine each month, then even every other month or quarter will keep you up to speed.

Industries are a lot slower to change than one might think. New innovations remain topics for 4-6 months covering all the angles, marketing and exploits. It is not as difficult as it looks. As the coordinator for the Online Think Tank, it is literally my job to stay abreast of information in industry, government, non-profit sector and around the world. Below are the magazines that I review to do just that.

Foreign Affairs

Aviation Week and Space Technology

Nasa TechBriefs


Airport Business

Ground Support

Composite Technologies

Coatings World

Pollution Equipment News

Inbound Logistics

PDF Plastics Distributor and Fabricator

Health Management Technology

Campus Technology

Speech Technology Magazine

Microwave Journal



RFID Journal


Government Video

Federal Computer Week

B to B (online marketing)


The Economist

Global Finance

Financial Times

Wall Street Journal

Investors Business Daily

Harvard Business Review


Financial Advisor


Advertising Age

Broadband Properties

Professional Builder

Architectual Digest

Clean Rooms

Foreign Affairs

Florida Trend’s Business Florida

Hispanic Business

Red Herring

Desktop Engineering

Scientific American

Science AAAS

Popular Science

Popular Mechanics

National Oil and Lube News

Octane, Canada’s Car Wash and Petroleum Magazine

Commercial Carrier Journal

Transport Topics


Tire Business

Mobile-Tech News and Views

Professional Carwash Magazine

Modern Car Care

Detailers Digest

American Window Cleaner

Westways by AAA

Family Motor Coaching


Private Pilot


Runner’s World


Mayflower Quarterly

Obviously, not everyone will have such a robust periodical reading list, nor should they, as it can take up a bit of time each month. Nevertheless, the same strategies should be employed by those who seek information or consider themselves news junkies – Think on this, and see what you come up with.


Getting Quality News And Information About Forex To Protect Your Investment

Posted on December 19, 2016 in Uncategorized

While some consumers work excessively hard to earn an income, others make their money work hard for them, so that it will earn them more, as with exchanging one currency for another. As a trader, you will have to be well informed and that means getting quality Forex news to protect your investment.

Many people don’t realize just how much money is traded every day, and according to statistics in 2004, the amount was a shocking $1.9 trillion daily! The important thing for anyone, regardless of experience in this money-making field is knowledge.

In the past, it was only open to the largest of corporate banks and international corporations, but now is completely open to all traders regardless of size. Basically, these individuals bet on the appreciation of a given currency to make a profit.

However, one must learn everything possible on the subject and stay informed of the latest news at all times because anything from a natural disaster to one country’s financial collapse could potentially cause huge losses. Of course, the news they get must be from a source that is reputable and trustworthy for the trader to make more educated decisions.

It is a fast-paced world when it come to the Foreign Exchange market, and one that never sleeps because it involves international currencies, meaning that the markets never close. This could lead to increased stress in traders as they must always be on the ball and know of the latest happenings all over the world.

One should know that the various outside influences and the choices each makes greatly affect the individual profits and losses, and that these can be huge either way. Another important note for someone just getting started is understanding and taking advantage of margin trading, which works on a deposit of good faith, giving the individual a lot of leverage and opening doors to a huge profit potential, but unfortunately also a huge loss potential.

It is not without risk, but most do recognize that the benefits far outweigh the negative aspects in that they have the potential to earn a very lucrative living in a fast-paced field that makes it very exciting each day. No matter how it’s sliced, getting the up-to-the-minute reports and news on the Foreign Exchange markets is one of the most important things that a trader can do to protect his or her investment. If investments like this interest you, reading the news from a reliable source that trusted must be a part of the daily routine.