Considine’s Post

Do you struggle with debtors in your business? Here are three suggestions for minimising the risk. 1. Clarity with terms & conditions - Consider having your Terms & Conditions professionally drafted, so that they can be relied upon (if necessary) in a dispute. 2. Invoice promptly and correctly - You can’t get paid if the customer doesn’t have a bill to pay. 3. Check your bank account daily - Set time aside every day to check your bank account for payments, to avoid wasting time chasing paid accounts. #cubeaccounting #accountantsinrugby #accountantsinwarwickshire #debtorsinbusiness

One of the worst things to experience as an agent is not having your policy issue due to collecting bad banking information. Follow this simple tip to ensure you are getting their correct account information and your clients policy issues without any hiccups!

Say goodbye to the hassle of managing your finances! We've made reconciling your bank accounts, mobile transactions, and cards easier than ever. Stay organized, save time, and focus on what truly matters with our seamless solution. Simplify your life, one transaction at a time! #BankReconciliation #SimplifiedFinances #EffortlessManagement #MobileTransactions #CardReconciliation #FinanceMadeEasy #StayOrganized #FinancialSolutions

Personalized service is key! Calling a banker who knows you by name adds a special touch to your banking experience and build a solid relationship. #CustomerService #PersonalFinance

Learn how to distinguish between valid reasons and mere excuses when dealing with late payments from clients. Stay tuned for tips to tackle this common challenge in credit control. Watch out for our following posts! #CreditControl #LatePayments #BusinessChallenges

💳 Bank fees and credit card processing charges shouldn’t be part of finance charges—stay organized for a smooth audit process! #FinanceManagement #BusinessAccounting #OrganizedFinances

At First County Bank, we have the services to support your business. Spend less time processing payments, deposits, credit card transactions and fending off fraud, and more time running your business. Connect with one of our Cash Management Services experts today to learn how to make banking for your business easier. #Businessbanking #Bankingforbusiness

To reduce lien search costs, make sure you are searching: 1. The right party names 2. For the correct items 3. In the appropriate filing office #banking #lending #creditrisk Have questions? https://hubs.la/Q02HHSfy0

There is a a clear difference between a bank statement and a bank confirmation and we can illustrate it as follow: Bank Statement: Definition: A document issued by the bank to the account holder, showing all transactions (deposits, withdrawals, fees, etc.) within a specific period (e.g., monthly). Purpose: It is primarily for the account holder’s personal or business record-keeping and reconciliation of transactions. Issued By: The bank to the account holder. Bank Confirmation: Definition: A formal response from the bank to a third party (such as an auditor or lender), verifying specific details about the account, such as its balance, loans, or transactions, usually as of a particular date. Purpose: It is typically used in audits or financial reporting to confirm the accuracy of financial data and the integrity of the account. Issued By: The bank to an external party, not the account holder.

Banking Laws Amendment will simplify inheritance by 1) Increasing nominees to 4 2) Successive nominees Good. Just 1 nominee could pass away and complicate succession. But same rules should apply to all fin products. Sebi had released a consultation paper in this regard but suggested 10 nominees. Increasing the nominees kind of takes away the need for successive nominees indirectly. eg: If there are 3 nominees and 2 of them die. The remaining nominee becomes a 100% nominee. That said, why not have a uniform formula for banking, MF, stocks, insurance and NPS? 4 nominees for each product and successive nominees allowed. Note: Nomination is not inheritance. It gives you custody of assets. Nominee may also be the legal heir or may not be.