How to develop a business plan
For the success of the enterprise and the company as a whole, you need the right development strategy, which needs to be thought out to the smallest detail. The best…

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How to become a bank manager
If banking is your industry, consider what it takes to be a bank manager. Bank managers provide daily assistance to clients, and also fully manage the staff of the branch.…

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8 reasons why a business is losing money out of the blue
When we start working with financial accounting in companies, the first thing we do is collect basic reports. Thus, we digitize the company. And thanks to this digitization, it is…

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Women's business: gender role
At the same time, it is foolish to deny that women are more likely than men to make important decisions, ranging from the choice of food, clothing, furniture, repair materials,…

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but are included

Money under the mattress does not work!

Like fuel for a car. If a canister of gasoline lies somewhere in the garage, and does not power the engine, then there is little sense from such fuel. Moreover, there is a risk of leakage, fire, etc. So is the money stored under the mattress: not only useless, but also detrimental to the economy. Let’s figure out why.

Financial inclusion – accessibility for everyone and everyone of basic financial services, such as a bank account, online payment, mobile wallets, deposits and loans, participation in investment funds and transfer of funds for management, money transfers, etc. Continue reading

Bank selection

Choosing a bank is one of the most responsible decisions. A lot can depend on the stability of a credit institution. Of course, it is quite difficult for an average Russian to deal with professional financial indicators, but one must at least assess how long a bank has been operating in the market, how successfully it has functioned all this time, how large it is, many banks have ratings from international or Russian rating agencies. Bank ratings in terms of assets, loan and deposit portfolios, network of branches, quality of service are available on a number of Internet resources. Continue reading

How to calculate debt service payments

Debt service is the periodic (usually annual) payment of accrued interest and part of the principal amount of the debt. When applying for a loan, companies are required to disclose debt servicing data. Based on the amount of debt service payments and the amount of net income, investors calculate the debt service ratio, which is the percentage of net income that goes to repay the loan.

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Calculating Debt Service Payments Continue reading

How to Find Marginal Revenue
According to basic economic principles, if a company lowers the price of its products, then that company can sell more products. However, this will generate less profit for each additional…

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How to evaluate workflow improvements
In order for a business to remain competitive, its work processes (both production and financial) must be constantly improved. For this reason, there is a need to evaluate the results…

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Why does a business need a fast payment system
What is a fast payment system This is an instant transfer service from the Bank of Russia. The recipient for the transfer provides some kind of identifier. Most often it…

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