business plan
7 financial risks in business that could be worth millions
There are always risks in business, and there are many of them. Some cannot be influenced, for example, if the summer in the region turned out to be dry, agribusiness will not be able to do anything about it: the peas will dry out, the rye will not be born. But there are risks that can and should be influenced – these are financial ones.
Financial risks are all situations in which a company can lose money for various reasons: due to the carelessness of the owner, the dishonesty of the supplier, buyer, or errors in the currency contract. Continue reading
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 almost always possible to find a serious leak of money, or even more than one.
In this article, we tell you where business money most often flows. We suggest checking if your company has such “leaks”, and if there are, fix them as soon as possible. Continue reading
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 is a phone number. SBP works only between banks that have connected to the service. The list of banks can be viewed on the website of the service.
In short, SBP allows you to transfer money quickly and without commission between different banks. But this requires that the participants of the translation be connected to the service. The system works between all major Russian banks. Continue reading
