Finance – LeverExpert – Financial Advisor

Finance What is Concordat?

garantiwebt — Mon, 06 Jun 2022 19:47:05 +0000

In order to prevent the bankruptcy of a company in financial difficulties, concessions are made in order to pay its debts and a new payment plan is drawn up with mutual agreements. Thanks to the concordat, companies that are in debt ensure that their debts are reduced, that they are paid by adhering to a certain maturity plan, and that bankruptcy is prevented. The reliability of the company also plays an important role in the acceptance of the concordat announcement. In addition to this, there is also a certain rate; half the proportion of creditors and their receivables must be exceeded. However, there must be a majority exceeding two-thirds of the amount of creditors in return for one-fourth of the creditors.

What is Depreciation?

garantiwebt — Mon, 06 Jun 2022 19:45:51 +0000

Depreciation, also known as depreciation, is the expense share that will be shown in line with the wear and tear of the assets purchased for use by the enterprises. In businesses, they normally use the items they buy for more than 1 year. However, it is also possible for all kinds of assets to undergo deformation over time. In such cases, the assets must be written off over their economic life. In order to write expenses, these assets must be divided into the accounting periods in which they are used. Certain conditions are required to allocate depreciation. The first of these is the condition that the asset has been used for more than 1 year. The asset, whose use has exceeded this period, must have been subject to wear, tear and wear. It must be included in the inventory and ready for use on the valuation day.

Accounting Process

garantiwebt — Mon, 06 Jun 2022 19:45:32 +0000

Accounting management must be complete and error-free in order to make financial arrangements of your business or company. Mistakes made can lead to big losses or penalties. That’s why you should be aware of the things you need to pay attention to, starting with the pre-accounting. If you ignore the steps that you need to pay attention to in the pre-accounting, which is the step to the general accounting, you run the risk of mismanaging the whole process and opening the door to big losses. In pre-accounting, the most important issue is to keep the invoices of all purchased and sold products. These invoices may be necessary for you in the following years. If the payments made and received are by check, EFT or cash, the payment must be documented. Likewise, documentation of damaged, defective or missing part products is one of the steps that should not be skipped in terms of accounting management.

Funding Sources

garantiwebt — Mon, 06 Jun 2022 19:45:05 +0000

In businesses, the necessary funds needed by the business should be provided by the finance managers. One of these funds is “Short-Term Financing Resources”. Short-term resources consist of debts that are due within the normal operating period of the enterprise or within 1 year at the most. Short-term resources are generally used during the financing of stocks and receivables. Today, many businesses also use short-term resources to finance fixed assets.

Who is a Financial Advisor?

garantiwebt — Mon, 06 Jun 2022 19:44:39 +0000

Many of the people who are financial advisors are people who have graduated with a bachelor’s degree from one of the fields such as business, economics, public administration and finance, law and accounting. After this process, they are entitled to take the professional competency exam. Apart from these general duties of the financial advisor, the Certified Public Accountant is not obliged to keep books, unlike the Certified Public Accountant. In addition, a Certified Public Accountant cannot open an accounting office or become a partner in a place that is ready.

How to Decrease SSI Costs of Employees?

garantiwebt — Mon, 06 Jun 2022 19:44:19 +0000

Some incentives determined within the framework of the law to reduce employee costs both provide a great advantage for employers and create another way of providing employment. In our country where unemployment rates are high, you can reduce the cost of your employees by using such incentives and contribute to the decrease in unemployment rates by providing employment.