Home equity loans are always a way out for home owners to access cash whenever they need it. These loans are obtainable from all banks and many money lending agencies both in the high streets and online. They are secured against the home so it is not difficult to qualify […]
Accounting
How Long Do I Need to Keep This? – A Guide to Receipts, Statements and Financial Clutter at Home
In most homes, paper causes clutter. And it seems to mysteriously multiply by itself. But just how long do you need to keep all those receipts, bank and credit card statements and other financial papers? Below is a handy In most homes, paper causes clutter. And it seems to mysteriously […]
Helpful Tips for Buying Real Estate in NYC
Buying real estate in New York City can be, OK, it IS a major hassle. You have a whole bunch of different brokerages, most of which you’ve NEVER heard of if you don’t live in the area, compounded by school zones, co-op boards, tax abatements and assessments that folks living in […]
Debit and Credit – Double Entry Bookkeeping Method
In the language of accounting, the left-hand side of an account is called the debit side. Thus, an account with left-hand entries greater in total than the right-hand entries is said to have a debit balance. The following accounts normally have debit balances: (a) Accounts Receivable (b)Cash (c) Fixed Assets […]
Incomplete Accounting Records
The accounting records of many smaller non-profit organisations such as clubs, cultural societies and small undertakings are often kept by means of a single entry accounting system. Nevertheless, details of the financial activities of such organisations and undertakings are available in different documents such as bank statements, invoices, accounts, wage […]
Old Age – Slow and Forgetful Or Wise and a Good Negotiator?
There are two stereotypes in circulation about aging and mental ability – a negative one and a positive one. We associate aging with becoming slower, less ‘on the ball’, and with memory loss. We also may link aging with the idea of wisdom and negotiation skills – useful for many […]
Michael Jackson & Farrah Fawcett – Estate Plan Wake Up Call
In the wake of the sad and tragic deaths of Michael Jackson and Farrah Fawcett, we are all reminded how fragile our lives can be and how quickly things can change. The death of these two iconic figures should be a call to many to put their estate plan in […]
Rectification Of Accounting Errors
Accountants prepare trial balance to check the correctness of accounts. If total of debit balances does not agree with the total of credit balances, it is a clear-cut indication that certain errors have been committed while recording the transactions in the books of original entry or subsidiary books. It is […]