If you are not new with bank transactions like, then you should have probably come across current assets. This can be in cash, receivables, short-term investments, inventory or even portions of prepaid liabilities that are expected to be paid within a year.

This can usually be seen in a bank statement and can be converted to cash or used to pay liabilities within a year’s time. A good example of this is depositing check balance to your account.

While the check is in clearing, you will be able to see it in your current balance, but you cannot withdraw it until it is already cleared and moved to your balance assets. Continue reading →

A successful and standing out commercial bank is improving the business’ success by catering the needs of their clients. The best commercial banking strategy can provide thoughtful and excellent services to people.

Applying the best and most effective strategy will surely allow the company to increase their profits and revenues as well as get more clients.

In the banking industry, there are several points that need to be considered for an effective strategy to be implemented. Continue reading →

Financial analysis pertains to how businesses assess their method and strategy in terms of budgeting, planning, forecasting, monitoring and improving all the details of their financial status.

Learning to understand your business financial status is a basic aspect to cope up with today’s requirement for financial reports.

To prevent risks, these tips will help businesses on their financial analysis and reporting: Continue reading →