Ah, finances -- the necessary evil that forms the foundation of all successful businesses. Love it or hate it, if your business doesn’t have a streamlined and effective business finance operation, you run the risk of your competitors sprinting past you in the race.Furthermore, keeping on top of your business finances is the one and only way to ensure that you will be placed in good stead when it comes to the overall impression you give to suppliers, customers, and investors.Are you … [Read more...] about 6 Tips For Streamlining Your Business Finances
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4 Ways to Prevent Employee Embezzlement When Running a Small Business
People associate embezzlement with major conglomerates that happened in the past, like the Enron and Bernie Madoff scandals. However, employee embezzlement is more common among small businesses than you may think. It accounts for one-third of small business failures.However, your small business doesn't have to be part of these stats as there are measures you can implement to prevent it. From hiring a forensic accountant for regular audits to segregation of duties, below, we explore some of … [Read more...] about 4 Ways to Prevent Employee Embezzlement When Running a Small Business
Types of Banking Products and Services – Top & Best
Banking started with the bank of merchants of ancient world. They used to give loan to farmers for their fields and trades. Traders used to take long and short term loan to increase business goods between two cities. Modern banking practices, fractional reserve banking and the issue of banknotes.Merchants started to store their gold with the goldsmiths of Landon, who gave them private vaults. Fir this people give them fee for those vaults.Different countries have different definition of … [Read more...] about Types of Banking Products and Services – Top & Best