Mar 28
Whether by choice or by necessity, Americans have battened down the hatches when it comes to their personal finances this year. Consumer credit card debt continues to fall and default rates have been drastically reduced since the economic downturn began. As a result, many expect it to be easier to get approved for a credit card in 2012. While it’s not likely that credit card companies will open the floodgates and hand out credit cards like they did several years ago, consumers with decent credit should find it easier to obtain a new credit card in the coming year.
Tough Times for Consumers
Consumers have been taking it on the chin since the banking crisis began, and credit cards are no exception. Although the Federal funds rate, the rate at which banks lend and borrow money, has been at historically low levels, the reduced cost of borrowing has yet to be passed on to consumers.
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Tags: Card, Credit Card
Mar 16
Duluth/Suwanee CPA Advises Gwinnett Business Owners on Setting up Your Chart of Accounts
Setting up Your Chart of Accounts for your new Gwinnett business will be an important start in the record keeping and accounting for your new business venture. Having your chart of accounts properly labeled and classified will do much to make your bookkeeping easier as well as to provide you with substantive management information. The below bookkeeping tips will do much to ensure you only get the most out of the accounting for your new business.
Top 5 Tips to Bookkeeping Success
1. Classification. Having your accounts listed in the right sections on your Balance Sheet and Profit and Loss are essential components in knowing the present and future viability of your business. For example being sure to list your Accounts Payable as a Current Liability is essential to prudent business management which is critical to short and long term business success.
2. Numbers.
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Tags: Accounts, Business Owners, Gwinnett Business, Gwinnett Business Owners
Mar 01
Australian banking major CBAexperienced a major malfunction of its Eftpos and ATM network, which the lender says was resolved by this morning. Despite that claim, retailers were still asking customers to sign for purchases this afternoon, with transactions still failing to reflect in online statements. Rival NAB also experienced problems with one of its IT platforms.
On Wednesday morning CBA released a statement which said the lender was; “Aware customers may have encountered difficulties when using ATMs and Eftpos overnight and earlier this morning. “
The problem with CBA’s platform began on Tuesday night, well in advance of the date changing to the 29th of February, an event that occurs only once every four years, and was initially thought to be the cause of the failure.
Separately, NAB also experienced a failure of its HICAPS system, which the lender operates to process medical payments.
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Tags: Experience, Experience System
Feb 23
Vote or see the results for best / worst credit card issuer
If youre like most people, you probably have a strong opinion about
your credit card company. Let your voice be heard! Every year we ask visitors to share their opinions about the best and worst credit card issuers. If you have experience dealing with any bank or financial institution, please vote in our poll and leave your comments below. Or, just view the results and see what other visitors had to say:
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Tags: Card, Credit Card, Worst Credit, Worst Credit Card
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