Showing posts with label bank. Show all posts
Showing posts with label bank. Show all posts
Thursday, August 4, 2011
What are the Functions of a venture capital?
Cash needed for expansion - working capital etc? In return you will be given to actions outside of your company and the venture capitalist who want to participate in the management of the company. In order to use if you really need the funds and can be found to join a capitalist enterprise - however, your business is not yours from the point of entering? You will be accountable to them naturally all the time - if your business goes well then it may well leave you alone - but if they fight then his other concern is going to have?
Wednesday, June 15, 2011
What is the meaning of a Line of Credit?
A line of credit at a bank may be very small or very large depending on some things. Say you have $ 1000 credit line, basically a place where you can drag and drop the money you need regardless of the amount and put it in your regular account. Then, each month to repay the money and keep the loans if necessary.
This is a loan.
One with an open-ended amount, but usually with an upper limit. You can borrow from it by checking on it, or whatever agreement provides the bank or lender. Interest is charged on it underwith current / monthly balance (checkyour particular agreement for details ). They also differ in the required repayment schedules.
The advantage
Is that you're only charged interest on what you borrow, the time to borrow.
The disadvantage
Is that generally have a higher interest rate due to the uncertainty of how much the lender will be performed at a given time, making it more difficult for them to plan their finances.
This is a loan.
One with an open-ended amount, but usually with an upper limit. You can borrow from it by checking on it, or whatever agreement provides the bank or lender. Interest is charged on it underwith current / monthly balance (checkyour particular agreement for details ). They also differ in the required repayment schedules.
The advantage
Is that you're only charged interest on what you borrow, the time to borrow.
The disadvantage
Is that generally have a higher interest rate due to the uncertainty of how much the lender will be performed at a given time, making it more difficult for them to plan their finances.
Monday, June 13, 2011
How does exactly do Bank Reconciliations Work?
When the settlement, the elements contained in the bank statement are compared to the GL account in the bank reconciliation module. Items that have cleared the bank are recorded and placed in conciliation. GL items are not recorded in the bank reconciliation in a separate section. After all items of the bank account is checked, a quick check can be done to find the flaws in this process.
Bank reconciliations have two sections:
One on the pending GL and a bench for the pending rules. Each section is added to a final balance, which should reach the same amount. OUTSTANDING ISSUES GL are generally acceptable because it clears the bank the following month. Bank outstanding issues should be investigated and published in the month being reconciled.
Bank reconciliations have two sections:
One on the pending GL and a bench for the pending rules. Each section is added to a final balance, which should reach the same amount. OUTSTANDING ISSUES GL are generally acceptable because it clears the bank the following month. Bank outstanding issues should be investigated and published in the month being reconciled.
Monday, June 6, 2011
How bad and what usually happens when a bank has a SAR or CTR is against you?
A SAR
Is a report of suspicious activity that occurs at any time to anyone who offers money suspected of suspicious activities. No big deal.
The CTR
Is a report on foreign exchange transactions will only appear if you have transactions totaling more than 10,000.00 in a short period of time. In addition, not as big of a deal, its main purpose is to prevent money laundering and ensure taxes are paid on the money.
The "Suspicious Activity Report"
Is presented each time a financial institution detects any known or suspected federal criminal violation, or pattern of criminal violations, committed or attempted against the financial institution or in connection with a transaction or transactions through the financial institution where the financial institution believes that it was either a victim or potential victim of a criminal violation or series of criminal violations, or the financial institution was used to facilitate a criminal transaction, and has a substantial base to identify one of its directors, officers, employees, agents or other related parties, an institution that has committed or assisted in the commission of a crime, regardless of the amount involved in the violation.
The report goes to the Financial Crimes Enforcement Network (FinCEN), Department of the Treasury through the IRS Detroit Computing Center. The reports are made available electronically to law enforcement agencies.
Is a report of suspicious activity that occurs at any time to anyone who offers money suspected of suspicious activities. No big deal.
The CTR
Is a report on foreign exchange transactions will only appear if you have transactions totaling more than 10,000.00 in a short period of time. In addition, not as big of a deal, its main purpose is to prevent money laundering and ensure taxes are paid on the money.
The "Suspicious Activity Report"
Is presented each time a financial institution detects any known or suspected federal criminal violation, or pattern of criminal violations, committed or attempted against the financial institution or in connection with a transaction or transactions through the financial institution where the financial institution believes that it was either a victim or potential victim of a criminal violation or series of criminal violations, or the financial institution was used to facilitate a criminal transaction, and has a substantial base to identify one of its directors, officers, employees, agents or other related parties, an institution that has committed or assisted in the commission of a crime, regardless of the amount involved in the violation.
The report goes to the Financial Crimes Enforcement Network (FinCEN), Department of the Treasury through the IRS Detroit Computing Center. The reports are made available electronically to law enforcement agencies.
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