Finance

How to Record Payments in Accounting: The Definitive Guide

If you’re an accounting professional, you probably know that managing payments is essential to your firm’s success. Whether you work with clients on a one-on-one basis or as part of a team in an organization, documenting every payment made is crucial for financial reporting and tax season. Moreover, recording payments correctly can also help prevent fraud and other unethical activities.

The 10 Ways to Combat Interest Rate Risk

Interest rate risk is one of the biggest risks in fixed income markets today. Interest rates are going up and staying there, which means fixed income investors will be stuck with low rates for much longer than they would like. We’ve provided a brief guide to interest rate risk and how you can protect your portfolio from its negative effects. The key to combating this risk is researching different bonds and their associated risks before you invest.

A Step-by-Step Guide to Analyzing Financial Statements

Every company that operates for profit must produce financial statements as part of their reporting obligations. These documents help investors and interested parties understand the financial health of a company. Financial statements are also used by company management to monitor performance and conduct internal auditing procedures. If you have purchased shares in a company or are thinking about doing so, financial statements will be essential when evaluating the investment opportunity.

What is Mortgage Insurance and Why Do You Need It?

Did you know buying a home comes with many risks? Without the proper coverage, buying a home can become unaffordable. Mortgage insurance helps you buy a home by protecting your financial future when things don’t go as planned. If you have little or no equity in your home and cannot pay your mortgage loan if something happens, then you need mortgage insurance.

The Truth Behind Accidental Death Benefits: How to Get the Most from Your Insurance Coverage

Thinking about your final expenses and making sure your loved ones are taken care of after you’re gone is a scary thought for anyone. But it’s one that we all need to think about sooner rather than later. A lot of people don’t know this, but if you have accidental death benefits in your life insurance policy, it could provide a financial safety net for your family in the unfortunate event that you pass away from an unforeseen accident.

Financial Statement Analysis: What You Need to Know to Become a Financial Analyst

Financial statement analysis is a valuable skill for anyone that wants to work as a financial analyst. This niche profession requires you to study and analyze public companies’ balance sheets and income statements so that investors can make more informed decisions about whether or not they want to invest in those companies. Working as a financial analyst also requires you to use your analytical skills on a day-to-day basis; in fact, many analysts say this job is much more analytical than it is financial.