Category Archives: Finance

Practical Wealth Creation Plans with Equity Investments You Need to Know

Everyone aspires to live a peaceful life after retirement, but most people struggle to create enough pool of wealth that they can utilize to enjoy their retired life without depending on anyone. So what is the best way then? Well, several financial experts suggest different ideas for creating wealth. However, one of the most tried and tested and reliable ways is to invest in equities. To be able to earn valuable returns through your investment, you need to develop new investment strategies constantly, execute the ideas perfectly, keep researching the market, stay abreast with the latest happenings and do a lot of other things, which are discussed below:

Set yourself a practical financial goal

One of the key aspects of wealth creation plans is being meticulous. Based on your risk taking abilities and your financial goals, you need to chalk out a plan on how you are going to accomplish it. First and foremost you need to analyze your current and future financial standing as well as clearly define your needs. Based on the amount of money you can spare to invest, you need to decide where to spend your hard-earned money so that you can get maximum returns. You also need to decide the time-period that you want to stay invested in and your growth potentials. It is no secret that equity investment has changed people’s life, there are several cases where people have earned a fortune, and there are also those who have lost everything.

Research, research, research

One of the key aspects of being successful in the investment market is proper research; it is your strongest weapon. Several people say that investing in equities is like gambling, however, this is not true. With thorough research about every equity you are investing in, you would exactly know, which equity would provide you quick growth. It is pivotal that you look at the past performance of the equities, this would help you know if the equity has performed consistently and it would also give you a fair idea about how it would perform in the near future. Don’t just invest your money but also spend your time in researching about the companies.

Create a good portfolio

Once you have researched and identified the potentially high value equities, the next step is to invest in right quantities. Avoid investing too much in a single stock, it is best advised to scatter your investments. You need not have to essentially invest in 40 or 50 stocks, just invest in four or five best stocks. Bigger portfolios are hard to manage as well as it is practically impossible to keep a tab on each and every stock. However, there are studies that suggest investing in 20 to 25 stocks is ideal because it keeps the risk constant.

Think long term

Financial gurus from around the world have corroborated that the best way to get maximum benefit from equity investments is to stay invested for a longer period. Whilst is important to buy the right stock, it is equally important to hold them through different market cycles. The key to success in equity investment is not just picking the potentially valuable stock but also be patient over a period to see your money grow.

Reconstruction

It may happen that your risk taking capability would change due to change in financial status; you may face an unforeseen emergency situation or you may earn a large amount of money while you are still invested. In such circumstances, it is vital that you reconstruct your portfolio to your benefit; you can choose to invest more in the stocks that have been performing well in the past or you may want to withdraw from a few stocks that have not yield good returns.

Tips to Become Rich with Online Work

People who lost money due to their own ignorance often tell others about the ‘dark side’ of Forex. But these things are not truthful at all, and the reality can argue with false myths. Still, some impressive newbies believe everything they hear. In this article, Justforex team will reveal all secrets and myths about Forex to you and tell whether they are true or false.

1. ‘Forex is scam/gambling/pyramid’. We bet this myth won’t die even if one more hundred of years will pass. If you are a newbie, you’ll hear that Forex is like a big casino for approximately a million of times. In fact, trading on Forex is more serious than gambling. It’s just a market like any other one, food or property market. At the same time, many scammers came here to cheat people, that’s why this myth appeared. It’s not a pyramid either, because pyramids don’t require any logic and experience. In Forex these things have paramount importance and you just won’t be able to make money without them.

2. ‘Choose: Forex or your job’. Many people consider that you’ll have to be glued to your monitor waiting for a signal to open a trade. Fortunately, it’s just a myth, and you can easily combine your job and trading on the Forex market. This legend appeared because of short-term trading. It really requires maximum concentration of a trader. But deals usually are too short, up to 10 minutes. If you are a long-term trader, you’ll need just 5-10 minutes for checking your transactions. Remember that it’s no guarantee that 24-hours trading will make you profitable. Statistics says that 90{7bacd3b4157d43a6b88d975560cdc707d5369aa15801e12f5fcbfa7263a7b5bc} of traders combine their work and Forex successfully.

3. ‘Any broker wants to deceive a client’. Though there are really some scam brokers on the market, not all companies want to deceive a client to have some little one-time profit. The benefits of such an approach are unpleasant and small. If you have some issue, you can send a complaint to the regulatory authority. Here is a short list of regulators: Belize – International Financial Services Commission (IFSC) China – China Securities Regulatory Commission (CSRC) Hong Kong – Securities and Futures Commission (SFC) India – Securities and Exchange Board of India (SEBI) Indonesia – Commodity Futures Trade Regulatory Agency (CoFTRA) Latvia – The Financial and Capital Market Commission (FKTK) Malaysia – Securities Commission (SC) Russia – National Association Of Securities Market Participants (NAUFOR) Switzerland – Financial Market Supervisory Authority (FINMA) The UK – Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), National Futures Association (NFA)

Note that obtaining a license is not cheap ($20 million without clients’ deposits). It’s unlikely that any broker wants to lose these money and the whole business. Moreover, profitable traders bring profit to the broker (they are commissions and spreads). That’s why many licensed companies try to develop long and high-quality partnership with their clients.

Hiring a Debt Collection Agent For You

If you own a business house, then I am sure you are quite worried about some stubborn customers who are refusing to pay, instead of a series of reminders and follow-ups, right? And that is why every company needs to hire a stable and skilled debt collection agent, who knows the dynamics and knowhow of this industry. It takes years of experience to gain the right amount of confidence and various other qualities, that only a successful negotiator possesses.

But apart from checking the number of experience in their bag, there are four other essential things that you should check. And yes, make sure that he or she is associated with the best collection agency. How will you find the best one? Well, simply browse through the internet and you will come across numerous agencies. Compare the prices, achievements and credentials in order to locate the best one in the lot.

So, here are the five traits I am talking about. Take a look.

 Salesmanship: They should have the qualities of a successful salesman. A successful agent always has tangible solutions ready and knows how to convince a party to make the payment on time. Squeezing out all kinds of required information is another trait of them. They know that there are many frustrated debtors and thus, deals with them tactfully. They do not use any kind of over-aggressive methods. Generally, a reputed business collection agency hires experienced and skilled professionals. But you should take a little initiative and communicate with the agent yourself so that you are left with no doubts.

 Acute knowledge of the industry: The entire process is not at all a cakewalk. In fact, it is quite complicated. A good negotiator has acute industry knowledge which includes the following:

1. Billing
2. Credit approval
3. Payment processes

While talking to him, make sure you ask a few questions, which will help you understand his knowledge on the industry. The science of negotiation requires a lot of skills other than the industry knowledge. For example, he or she should be an able master at understanding human psychology, so that they can understand the willingness of payment in a customer.

 Patience: One of the most important virtues of a successful debt collector is patience. They know that there is no point in hurrying, and the major mistakes are mostly committed when in a rush. Efficient collectors take a lot of time in gathering information and documenting them. So, this is another trait you must not forget to consider while hiring a debt collector. Search online for a reputed commercial collection agency so that you can contact a successful agent easily.

 Optimism: Deb collection professionals should have a strong sense of optimism. They always focus on a “win-win” situation. You will get a clear idea of this quality during the first or second meeting itself.

So, these are the top-most skills that you should be looking for in an agent. Apart from these four, he or she should brim with confidence and must be a good listener. So, don’t delay anymore and start your search for the best collection agency immediately. Save your accounts from going into the “bad debts” column in your final books of accounts.

This A Plan to Make Your Future Financially Secure

Pharma stocks are among the market darlings since a long time and have reached higher sharply in the last few months. Although the pharma funds may delay returns in the short run due to various compliance requirements, in the long run, they are a big shot. As of now with the growing mutual fund industry, the pharma mutual funds are considered to be one of the best-performing sector funds. Among them, the SBI Pharma Fund is the outperformer which has secured the best position in the market. With a NAV amounting to Rs.136.393 as on April 10, 2017, the fund has gained superior possession.

In the long run, every investor desires to invest in a fund that can multiply the income manifolds to provide a huge capital appreciation. On the flip side, the fund managers also get the chance to make the best bet of the invested capital while taking significant risk factors. The SBI Pharma Fund also aims to deliver the highest possible returns to the investors by allocating the funds in the most promising companies across the pharmaceutical sector. The fund is an outperformer in its category with excessive returns.

Investing in pharma sector is one of the best ways of making high growth on capital. The reason being is that this sector has high-growth potential. With a large size of the population in the country, the requirements of pharmacy are greater which make this industry high demanding. SBI Pharma Fund’s review has evaluated that the fund has major investments in the best companies which involve Sun Pharma, Strides Shasun, Aurobindo Pharm, Cipla, and Lupin. These entities have the potential of providing the expected returns on the investments.

SBI Pharma Fund Growth: A Brief Analysis

The primary objective of the scheme is to provide the investors with maximum growth opportunities through equity investments in stocks of growth-oriented sectors of the economy. There are five sub-funds dedicated to specific investment themes, viz., Information Technology, Pharmaceuticals, FMCG, Contrarian, and Emerging Businesses. These all endeavour to generate high-yielding returns on the investments in the long run.

The gains offered by the scheme in the past have been tremendous. The absolute annual returns of the scheme have reached up to 56.3 percent in the year 2014. The annualised returns on the scheme for its three- and five-year investments are 19.3 and 23.4 percent respectively, which are further noteworthy as compared to its peers.

SBI Pharma Growth Fund has the entire investment in the pharmaceutical or the healthcare industry. 97.01{7bacd3b4157d43a6b88d975560cdc707d5369aa15801e12f5fcbfa7263a7b5bc} of the total assets of Rs.1,037 crore as on March 31, 2017, is being put in the equity stocks and securities. The remaining assets are parked in the debt instruments in order to provide regular income and diversification.

A Guide to Purchasing the Right EPOS System For You

Today EPOS for small businesses is also becoming vital, obviously due to its multiple advantages. It is an integrated system that can be the one man army of your business and can organize, control and analyze various aspects of your business, be it cash transactions, backend reporting, staff monitoring or inventory control. The best EPOS solution also offers many additional features over cash transactions though essentially, it is just an integration of all functions in a single system to create a seamless workflow for any merchant. A sophisticated EPOS system can also give you reports about the best-selling items, peak sales time, best-performing staff, etc. It can bring to your business financial accuracy, accountability, speed and efficiency, stock management as well as reporting easily to optimize and streamline your entire business flow. Well, if you intend to purchase it be prepared to get thoroughly confused and baffled in your first purchase of it. To provide clarity, we provide a guide below to buy the right EPOS system to suit your business needs.

Select an EPOS partner instead of a supplier

Hands down, your first goal is to find an EPOS partner that you are comfortable with. You do not need a vendor as it is not a one-time purchase. In reality, you are selecting an IT partner for your business, and he should always be available to advice on how to utilize different technologies to enhance and improve your business. Thus compare EPOS providers and gain an understanding of the company. Know who will be your contact person and account manager there ascertain that he would have your best interests at heart and would be accessible to you always. Inquire about the technical support contact as well. Also, try to get details about your assigned technical advisor since he would be the one helping you take your business ahead by offering you fresh ideas through technology. A solid partnership with a technology company can understand your business needs and prove to be a highly valuable asset. The mere salesman would not do.

Be clear about your needs

To make the right purchase, it is important that you know what you want out of your first EPOS system. Before even speaking to any vendor, prepare a prioritized list of what you want out of your EPOS system. Afterward, while talking to various potential partners, you can add or delete items to the list and reprioritize it. It is because nobody knows your business better than you and you need an EPOS system that complements it and not reinvents it.

Software selection

Next step is to look into the software. Ensure that the vendor knows about your list and structures a demonstration around it. The obvious advantage of this is that not only would it stop the sales person get lost in a confusing waffle despite his best intentions but would help you understand the software better. Not only do you need to know the software well but you should also feel comfortable using it. Educating yourself on various EPOS reviews would also be helpful as it would you understand and grasp which software is easy and intuitive to use, pleasant to look overall simple to understand and teach. It is important also to understand that EPOS is not a one size fit all. However, your selected software must be able to satisfy 95 percent of your needs. Finally, check out not only the immediate costs but possible charges in future if enhancements are made. Your mind should remain doubt-free here.

Hardware selection

For purchasing hardware, you need to compare the features and durability provided at what costs. You can choose between a standard office PC and a retail PC based on their cost, performance as well as ease of working.

Cash or lease

Finally, you need to choose between a lease and an upfront pay. Many prefer to lease computer equipment. The advantage here is that most leases allow you to purchase the equipment at a nominal price at contract end thereby actually helping you pay for the hardware in installments.

Here Benefits Of Leasing For Veterinary Business

Starting a veterinary business with limited funds can be tough. But for a veterinarian, equipment financing or leasing enables him to set up his business with lesser funds. This is why leasing is a popular choice of veterinarians who wish to start their own business. Some of the major benefits of leasing includes –

* Start Your Business With Low Cash: With leasing, you can avoid using your capital to buy equipment. Instead, you just have to make smaller monthly lease payments. For example, if you have a capital of $50,000 and you wish to secure equipment worth $35,000, it would be very hard on you since you will only have $15,000 left as capital should you decide to purchase it. This can put your business in a very difficult position. You can avoid this by choosing to lease your equipment. When you opt for leasing, you can preserve your capital of $50,000. As such, you will be more confident of your business and use your capital more efficiently in other areas.

* Get Latest Equipment Easily: With leasing, you can replace your existing veterinary equipment with the newer, latest equipment with great ease. If you had purchased the equipment, then it may be very difficult you to upgrade your business with the newer equipment. Since you invested so much money in procuring it, you will be focused on using the equipment to get the most value out of it. As such, it is very likely that you will not be able to change the equipment frequently. But with a lease, changing the equipment is very easy. You only need to end the lease on the current equipment and then you can take a lease on the new one. Leasing thus provides a very easy, affordable way to enable your business use the latest veterinary equipment.

* Benefit From Stepped Down Payments: Some leasing companies will also offer you stepped down payments option. This means that your monthly lease amount will reduce over time so as to reflect the current value of the equipment. For example, if your equipment is valued at $30,000 currently, then you may be paying a monthly lease amount of $500. But if the equipment is valued at $15,000 after a few months, then you may only need to pay $250 rather than $500.

* No Collateral Required For Lease: Unlike a loan which requires you to provide collateral so that you can secure a loan to purchase the equipment, a lease does not require you to provide a collateral. When you lease an equipment, the equipment itself is considered sufficient lease.

Picking A Good Leasing Company

To ensure that you associate with a good leasing company that benefits you, keep the following things in mind –

* Check the history of the company and make sure that they have been operating in the veterinary equipment financing or leasing industry for a long time. It is best to avoid companies who have just begun their operations. A good long experience in the industry ensures their work ethics and accountability.

* Know what type of lease you want and then check whether the company offers them. You can choose from a lease that will offer you the ownership of equipment of lease at higher monthly installments or you can opt for a lease with lower monthly payments but with no ownership at the end of the lease term. Once you decide which type of lease is good for you, look for a company that offers such lease.

* Check if they offer zero payment option for the first few months. Some companies do offer them and allow their customers not to make any monthly payments for the first few months (generally 3 – 6 months) of a lease period. If you are starting your veterinary business, this means that you can wait for a few months to generate sufficient revenues in order to start making lease payments.

If you are interested in leasing veterinary equipment, you can look for leasing companies in your area and enquire them further about their services. As long as you have a decent credit score, you should be able to get a lease without much hassle.

Some Signs of a Decaying Financial Portfolio Management System

One of the biggest threats that most Portfolio Managers face is the prevalence of legacy systems.

Over the past three decades, investment advisors have been empowered by the advent of technology from simple spreadsheets to complex home-grown systems. From that time to the present, the industry has seen exponential growth and with it, enormous complexity. Challenges include round-the-clock trading in markets from New York to Sydney, varying accounting standards, shortened settlement cycles, and of course, increased regulation and security issues to name a few. As if that were not enough, technology seems to change every day leaving many legacy systems struggling to keep up with customer demands. Cheaper, faster, smarter, and more efficient norms are expected – they cannot be the exception. Failing systems can sharply undermine your company’s ability to service its customers and maintain its market share, much less grow the business.

In this age of big data, business intelligence, and data analytics, legacy systems can represent a massive risk to your business. If day-to-day operations require the ability to manage process, distribute, and accurately report financial data, being behind the curve is not an option. If this sounds familiar, it is time to ask, “How did we get here?” and more importantly “How do we get out?”

Here are the seven signs that will tell you if you have a decaying system and how it must ideally operate:

1. Facing difficulties while managing data due to disparate systems?

Maintaining data in different systems or manually moving move data from one system to another will lead to inconsistency and errors. Is your data quickly identifiable, consistent across multiple systems, complete, accurate, and reconciled among different systems? If your answer is a NO to these questions, you must reevaluate your platform. Your system must be able to eliminate manual data flow, update all the data with a single change, deliver timely and accurate reporting including intra-day, and make data easily traceable.

2. Are your client communications professional?

Investors expect your reporting to be clear, concise, and highly customized to their needs. This statement holds especially true for institutional investors. Organizations that can meet these expectations will have an immense competitive advantage over those that cannot. If your current system does not deliver the level of reporting your clients expect, you will run the risk of falling behind.

Your client expectations are not limited to the form and content of reporting, but also to how you deliver information. They expect instant access to real-time information, be it through a web portal or a mobile platform to stay relevant and highly competitive, your systems must be flexible enough to send and receive communications via any channel of your client’s choosing.

3. Struggling to cope with complex global investments?

Dealing with multiple regional and global investment regulations such as UCITS V and VI, Solvency II, AIFMD, and EMIR is a daunting task. All these regulations require you to maintain reliable, accurate, and transparent data. To comply with these regulations, you need Workflow Management, Data Management, and accurate reporting. Data, managing risk, and maintaining accuracy is critical to comply with regulatory reporting requirements.

With the increase in data sources and data complexities, your organizations need solution providers who can help you manage your data. Your system must not only be scalable but also provide actionable business intelligence in a format that is easily understood.

4. Finding it hard to achieve Integration of disparate systems?

Real integration is not a matter of simply connecting systems – your systems must be able to talk to each other seamlessly. Manually moving data from one system to another affects your efficiency, thereby, increasing the risk of errors. Integrating disparate systems not only reduces these risks but also improves efficiency by ensuring that back office and front office personnel can view transactions, cash positions, and holdings identically. This ensures that the entries are recorded accurately in your Investment Book of Records (IBOR).

Many organizations use multiple systems for accounting, reporting, reconciliation and managing client information. If different vendors have provided these systems, making them talk to each other could be a challenging process. If you have workarounds or portfolios that reside outside of your legacy system, it is time to rethink its usability. Your system must allow centralized and standardized portfolio management activity. In an end-to-end portfolio management solution that is built on open architecture, the work of multiple systems is consolidated into a single platform. Such a solution will allow easy access to third-party systems or any other system that is built in-house, thereby enabling you to reduce technology footprint while driving greater efficiency.

5. Escalating legal and compliance costs?

A 2013 survey of Chief Technology Officers suggests that one of the biggest operations and technology challenges that asset managers face is to comply with the current and future regulatory requirements. The complex regulations make outdated reporting systems more of a liability than an asset. The compliance costs of regulations such as AIFMD, UCITS V, and VI, or FATCA-are overtaking many budgets. Additionally, aggregating data from different systems for compliance reporting is a risky and resource-consuming process. To reduce these risks and costs simultaneously, your system must be prepared to deliver consolidated reporting, by leveraging automation, integration, and standardization of data from various sources. Your systems must also eliminate the manual compilation of data for reporting, thereby increasing efficiency and cutting associated compliance labor costs while ensuring integrity, consistency, and reducing your operating risk.

6. Being scrutinized by Investors’ due diligence?

After surviving the global economic crisis of 2008, institutional investors have become extremely wary of due diligence, leading to immense scrutiny of operations. The 2008 crisis exposed operational risks – the risk of failure that not only involved market forces but also the lack of infrastructure and controls. Investors have also become increasingly tech-savvy; they are asking the right questions and know what to find. To remain competitive in this vital market, your system must stand up to the intense investor scrutiny. You must show that you have the controls in place to manage the risks efficiently and that you are already adhering to well-organized processes. If Investors sense any gaps in your workflow and find that you are dependent on manual processes and workarounds, they will take their money elsewhere.

7. Legacy systems are not supported, serviced, or enhanced in the way you expect?

A product is only as good as its provider. Is you provider paying enough attention to you after the sale with 24/7 support? Does your provider have a track record of continuous product updates? Do they provide product training? Are they attentive to your suggestions or new ideas? Your provider must provide long-term support if you want your new system to last. Your product must be scalable, flexible, and must be built on open source technologies. In addition, your provider must not only help you set up but also ensure that your systems perform optimally without any disruptions. A relationship is a two-way street; as such, providers must be able to respond to your issues quickly, and also help your business adopt new functionality as and when it is needed.

Invest in your growth

A portfolio management system is the heart of your business. With a weak system, your business can be at serious risk, and you may not have the time to address it before it fails completely. Investing in technology will give you greater efficiency, reduced risks, and help you make informed decisions. Your provider, therefore, must have a proven track record of being committed to long-standing services, continuous improvement, and support you as you grow.

Different Types of Home Loan Everyone Should Know

In India, applying for home loan is the most common and convenient way to buy a dream home. Research suggests that, over the past few years, with the growing number of financial institutions offering housing finances, the number of people applying for loan have increased manifold. The various benefits attached with getting a housing finance like tax cuts and banks offering different kinds of loans to suit different needs of the borrowers have only made housing finance more feasible for home buyers. For most of the people tax benefit is the biggest benefit from availing a home loan. The banks nowadays offer different kinds of loans or even customized loans that suit the needs of the borrowers. Such benefits have only made housing finance more feasible for home buyers. Below listed are a few of types of home loans available in the market:

Home purchase

This is the most common type of home loan prevalent in India and the most easily accessible variant. There are plenty of banks as well as private financial organizations that offer loan for home purchase at attractive interest rates. The key to avail the best deal is to make a thorough comparison of the quotes and choose the one that is most cost effective rather than just going with the bank that offers the lowest interest rate.

Land Purchase

Land purchase loan, as the name itself suggests, is availed for buying a piece of land on which you wish to build your real estate property. This loan can be obtained for building home for self-occupation or commercial use. Typically, most financial institutions in India offer loans up to 85{7bacd3b4157d43a6b88d975560cdc707d5369aa15801e12f5fcbfa7263a7b5bc} of the value of the land. This type of loan can prove beneficial for people who dream of building their house as per their needs rather than buying a ready-made apartment from a builder.

Home extension loan

At some point in life, everyone needs to upgrade their current home and make certain modifications, be it the addition of a new bedroom or extending the balcony. If you want to make any alterations to the existing structure of your home, you can avail home extension loan to fund the construction work. Before you apply for the loan, you first need to have a copy of permission letter from the concerned civic authorities sanctioning the structural modifications.

Home improvement loan

This type of loan is very similar to home extension loan, in the sense that you can avail funds under the scheme to carry out home improvement works like painting the exterior, undertake roof repair works, or refurbish the electrical and plumbing fittings in the home. Typically, this type of loan is availed by people who wish to increase the commercial value of their property so that they can demand a higher price for the same while selling it.

NRI loans

This home loan type as the name suggests is exclusively for non-residential Indians (people who are Indian citizens by birth but have settled or live abroad) who wish to invest in buying a property in India. Several banks in India offer lucrative home loan schemes for the NRIs at the most competitive interest rates and affordable repayment schedules.

Bridge Loan

This type of home is for people who want to sell their existing house and purchase a new home. A bridge loan is a financial arrangement with the lender that helps you get the required funds to pay for your new home until you find a buyer for your old house.

Stamp duty loan

When you buy any kind of real estate property, you are mandated to pay a stamp duty, which is usually about 1{7bacd3b4157d43a6b88d975560cdc707d5369aa15801e12f5fcbfa7263a7b5bc} to 2{7bacd3b4157d43a6b88d975560cdc707d5369aa15801e12f5fcbfa7263a7b5bc} of the property value. If you are unable to pay the amount, you can avail the stamp duty loan, which is specifically offered by banks for this purpose.

Financial management with technical support For You

Quick Banking Advizors is a company that provides technical support to its customers for managing various financial aspects of their business. The company has been providing a multitude of solutions for many companies and has developed a skilled and professional team for round the clock support. The QuickBooks accounting software helps in the following aspects of financial management.

Managing payrolls

Payroll lists the employees working for a company and the wages that are paid to them every month. Payroll is also a financial record of the company in the form of salary, bonuses paid to the employees and also the necessary taxes paid by the company. The QuickBooks accounting software enables effective payroll management by the company. The software automatically calculates the salary paid to each employee by accounting for the taxes, bonuses, etc. The software also enables a company to maintain a record of the expenses. The Quickbook Online Support features installation, activation and upgradation, resolving issues relating to data or files import/export and issues about backup and restoring QuickBooks files.

Filing of taxes

Tax filing is an important part of the financial transactions of any organization or an individual. The process of tax filing is extremely complex and prone to mistakes. The fact that one mistake can prove costly also makes tax filing a crucial process for a company or individual. QuickBooks is a software that has made negotiating the complex maze of tax filing easier and faster for people. The experts provided by Quick Banking Advizors help in filing taxes using this software so that any chance of mistake is eliminated. Quickbooks Online Phone Number is a toll free number which enables the users to connect with the experts whenever the need arises. The experts provide customized support plan and always suggest productive actions.

Other features of QuickBooks

QuickBooks is available in the form of a mobile application which makes access highly convenient for the users. The mobile app consists of all the accounting features and is very easy to use.

QuickBooks enable swift generation of invoice for customers. It also enables storage of information as a backup. The app. is highly convenient for bookkeeping because it allows the users to easily maintain books by creating invoices, statements and expenses. The finances can be efficiently tracked by using QuickBooks. QuickBooks has also caused a paradigm shift in budget management.

The Quickbooks Online Customer Service Number is toll free and is always attended round the clock.

Things You Should know before investing in Mutual funds

Mutual funds are a means of investing money in a variety of assets such as gold, government bonds, equities and other securities. Mutual funds help you to diversify your investments and reduce investment risk as they invest in a broad range of securities. You can generate regular income from the funds or use it as a means to grow money in the long term. You can invest fixed amount of money regularly in mutual funds as per your financial plans and thus build wealth in the long term..

ICICI Pru MF offers different types of mutual funds. You can identify the right fund as per your needs and also compare the performances of funds before investing. The different types of funds include the following:

Equity fund

Equity funds provide potential for high growth and returns by investing in shares or equities. They are best suited for investors looking for long term investment horizon. They can be actively and passively managed. Equity funds are considered a high risk option as they are subject to market volatility however they can also generate big returns if you choose the right shares to invest in..

Debt funds

This fund mainly invests in bonds and other debt instruments. They are best for investors looking to optimize current income assuming low to moderate levels of risk. They are suitable for medium to long term investors.

Exchange traded funds

These funds are instruments that track an index, commodity or a basket of assets closely and trade like shares on an exchange. Exchange traded funds invests in stocks of companies, precious metal or currencies and are backed by physical holdings of a commodity. They give the flexibility to buy or sell units all through the day. They generate lower returns than equity funds.

Balanced funds

Balanced funds bridge the gap between the high risk equity and the low risk debt schemes. They are made up of a mix of equity stocks and bonds. They are best suited for investors looking for debt plus returns with a higher level of risk. These funds are a great place to start you investments in mutual funds.