Category: Content

To trade, you don’t need a stockbroker. There are powerful investment applications that make investing smooth and pleasant, from the convenience of your phone for everyone from the recent college graduate to the seasoned investor. Companies that offer brokerage accounts, like Vanguard or TD Ameritrade, have apps for iPhone and Android, but they aren’t as user-friendly as the apps on this list.

M1 Finance

One of the best investment apps for commission-free trading

M1 Finance is one of the few financial apps that combines the functions of a Robo-Advisor and an online broker. M1 Finance is well-known for its easy-to-use interface and minimal operational costs. You may choose from various portfolio templates and settings, and it’s all free.

This investment software is best for investors who want to delegate a large portion of their portfolio management without paying for professional advice.

All of this will be handled virtually by M1 Finance. This application will ask you to make your “pie” when you want to invest.

This pie incorporates your preferred investment options and your specific investment objectives. ETFs and bonds are among the available personal finance solutions (or stocks). This pie will automatically show how they distribute your allotted funds among your preferred investment options.

As a result, each portion of your pie will automatically expand or contract depending on your profit. This program distributes monies to restore individual sections of the pie of your choice when you deposit new money into your account.

Robinhood

The best investment app for free stock deals

Robinhood is a popular stock and cryptocurrency trading program available for free. For ETFs and options, this app is also free. They were launched in 2013 and now have over 4 million traders.

This program features a zero-balance requirement, making it an extremely user-friendly and straightforward application. Although you won’t receive all the bells and whistles of a full-service broker, this is a good trading platform at a much lower cost.

Robinhood has a user-friendly interface and does not charge commissions on completed trades. The software provides an excellent mobile experience with easy trade access.

Other brokers usually give you a few accounts; Robinhood gives you commission-free access to over 2,000 ETFs. You may also borrow money to buy equities using their Robinhood Gold service.

Here are a few things to keep in mind:

• The app often doesn’t sync with other expense-tracking software like Personal Capital.
• If you want to use their guides and research tools, you must pay $5 per month.
• They don’t have a desktop version.
• If you transfer your account to another broker, there is a fee of $75.00.

Acorns

The best investment app for automatic savings

Acorns are one of the most significant investment applications for taking your spare change and rounding it up to the nearest dollar. They work as part of a Robo Advisor, which can invest your money for you while also serving as a savings mechanism for any additional cash you may have.

Acorn is a simple money-making app. You can create an account in less than five minutes and will be asked for information such as your age and risk tolerance.

It is how it goes. Acorns round up purchases made using your associated credit or debit card to the nearest dollar and deposit the difference in your Acorns account.

You can subsequently put this money into your preferred Acorns investment portfolio.

Betterment

Best for the long-term investor

Betterment is a full-service Robo-advisor that automates your investing, not your usual investment software. They begin by learning a little about your objectives and personal routines. They then compile a comprehensive portfolio tailored to your risk appetite and time horizon. Finally, they use their Tax-Smart Technology to optimize their portfolio.

Betterment will also handle portfolio rebalancing, ensuring that your investments are aligned with your objectives and that the best assets are reallocated.

They assist you in keeping the path of your external investments (other than Betterment). This asset monitoring software allows you to track all purchases from a single location.

They have no minimum account requirements and charge only 0.25% APR to maintain a digital portfolio. On the other hand, Betterment Premium is for those who require human involvement in the form of a team of expert financial advisors (who will communicate with you via email and phone). This plan includes a $100,000 minimum account balance and a 0.40% yearly charge.

 

Stash App

Best value-driven investment app

Stash was founded in 2015 to allow more ordinary people to participate in the stock market. Stash is one of the best applications for buying fractional stocks and is perfect for value-based investments.

You may create an account for only $5. You can make automatic weekly payments (up to $5) into your account, and if you have a balance of $5,000 or more, you will be charged an annual fee of 0.25%.

IRAs, depository accounts, and taxable accounts are the three types of accounts they offer.

You can choose from over 150 stocks in Stash. This valuable combination of attributes lets you locate investments corresponding to your preferences.

They also have investing themes, which are groups of companies you can invest in rather than a single company.

You will impose a monthly fee of $1.00 if your account balance is less than $5,000. Finally, if you don’t have much money to start with and want to create a suitable ETF and stock portfolio, I recommend Stash. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Financing is a subject area in business administration that applies to various scientific disciplines, such as economics and mathematics. Knowledge of financing is essential in modern societies and economies because the financial markets distribute the societies’ resources by distributing financial surpluses to the economic actors. They can use the resources profitably and productively.

The fundamentals of finance are the key principles underpinning the financial world’s operation. Understanding the fundamentals of finance may be beneficial personally and for anybody who works in a company or invests. Learning the fundamentals of economics will educate you on how to analyze financial data and all the variables that might influence economics.

Learning the fundamentals of finance at the household level can assist a person in developing a budget and a method for achieving long-term financial objectives. Mapping and evaluating income versus spending, creating a personal budget to help remove or minimize debt, and building a self-investment strategy. It will help plan for unexpected costs like paying for education, housing, or financing. Life after retirement is one of the skill sets that can be useful—studying the various circumstances that might affect a budget, such as an economic downturn, having a new baby, or getting a promotion, maybe another basis for household-level finance.

Financing is obtaining funds to invest to ensure that they are put to good use. Proper finance was required to optimize the advantage, which required applying six essential financial concepts. In a word, finance is the management of cash. The persons in charge of administering the fund are known as financial managers.

Finance Principles

Principles govern investing and financial decisions. Financial managers make operational, investment, and financial decisions. Some of it was temporary, while others were permanent. Everyone, whether individuals or organizations, should understand the six economic norms.

There are different financial basics you should be aware of:

• The Return-on-Investment Principle
• The Time-Value-Of-Money (TVOM) Principle
• Principle of Cash Flow
• Principles of Profitability and Liquidity
• Principles of Diversity and Inclusion
• The Principle of Financial Hedging

Return on Investment and Risk

According to the Risk and Return Principle, investors must assess both risks and returns because higher risk means higher expected returns, while lower risk implies lower rates of return. When raising capital for a business, we must measure the benefits against the risks. To obtain optimal rates of return, investors must assess risk/return respectively directly and relative to each other.

Time Value of Money

This notion is connected to the value of money, and it argues that the value of money declines as time passes. After a particular time or years, the current value of $1 is more significant than $1. As a result, we must account for the economic growth inflation rate while investing or taking out loans. The required return must be greater than the inflationary rate for the return to compensate for the loss rising by inflation.

Flow of Cash

Investors favor higher cash input in the early period over later cash flow; hence, the cash flow concept broadly includes cash intake and outflow. This idea is also founded on the time value concept, which explains why benefits from earlier years are prioritized above those from later years.

Liquidity and Profitability

The concepts of liquidity and profitability are crucial from the investor’s perspective since the venture capitalist must ensure liquidity and profitability. Liquidity measures an equity investment’s marketability or how easy it is to sell it for cash. On the other side, investors must invest in a manner that optimizes return while taking a low or moderate level of risk.

Diversity

Investing in diversification helps to lessen risk. This theory assists in risk mitigation by developing an optimum portfolio. A portfolio’s principle is that you should never keep all the eggs inside one basket because all your eggs will break if they fall. To limit your risk, split your eggs into numerous baskets. Investors should invest in risk-free and risky investments to ensure this idea is followed, lowering total risk.

Hedging

According to the hedging principle, we should take a loan from appropriate sources, finance from simple sources for short-term fund needs, and manage resources from long-term sources for lengthy fund requirements. Fixed asset financing necessitates long-term funding.

Finally, having a basic grasp of money and its concepts will enable you to make sound financial decisions. In addition, there is more chance of economic benefit.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Like any other business effort, investing involves careful consideration, risk assessment, and appropriate planning before committing. There is no better method to achieve this than to read books.

The Best Books for New Investors

There are many better books for investors, but the best is Investing for Dummies. Investing for Dummies is a beginner’s guide to investing that highlights different investing types, risks, and returns. He will teach you everything about investing, the different types, the risks and rewards associated with them, the stock market, etc.

 Intellectual Investor Benjamin Graham

Benjamin Graham wrote this classic novel in 1949. The book is still one of the most popular investment books since it teaches readers how to succeed. It’s still one of the top 12 books for investors.

Warren Buffett has called Graham, an economist and professor, “the second most significant person in his life behind his father.” The book remains a popular investment book and one of the must-read investment books. The classic book on value investing. Who is credited with inventing the strategy of value investing using fundamental analysis, whereby investors analyze stock data to find assets that have been systematically undervalued?

Learn to Earn: A Beginner’s Guide to the Basics of Investing and Business by Peter Lynch

The best book on choosing “growth” stocks is by the legendary Peter Lynch. After his evacuation from the Fidelity Magellan Fund, Peter Lynch wrote three books on investing. Each would be a best-seller. Learn To Gain, One Up on Wall Street, and Beating the Street are some of the finest business books. The qualitative criteria I use to evaluate companies are based on this book and the following books.

Common Stocks and Extraordinary Earnings – Philip Fisher

A book by another legendary investor with a unique stock-picking strategy focused on a company’s quality characteristics—books by Joel Griblatt – one of the world’s most successful and famous investors. The titles of the books are immodest but thoroughly deserved.

His saying about this book is, “When I started learning about value investing and Warren Buffett, the starting books I studied were The Intelligent Investor and Security Analysis by Benjamin Graham.”

Although Graham’s writing gave invaluable advice on mitigating risk and finding hidden value in corporate balance sheets, other great thinkers assisted Buffett’s overall approach. Phil Fisher was one of those influencers. His book gives excellent guidance for investors to assess the potential value of a successful business. He teaches the viewer how to find growth chances in areas many overlook.

The Manual of Ideas: The Proven Framework for Finding the Best Value Investments – John Mihaljevic

The Manual of Ideas: The Proven Framework for Finding the Best Value Investments gives an overview of nine value investing techniques, including why each is likely to perform, the benefits and drawbacks of each, and how to identify specific investment opportunities for each. It’s a good book for individuals looking for a current review of value investing and more experienced value investors looking for a critical study of investing tactics and ideas on finding specific investment possibilities.

Martin Zweig Winning on Wall Street

Martin Zweig’s book is widely regarded as an investment classic. In the book’s first section, Zweig presents a fascinating and extensive account of his youth, high school, college, and early professional days. All these stories are about investing or, at the very least, indicate how his life experiences led to personal growth, which helped him succeed.

Most of the book is then devoted to extensive (but simple-to-understand) blueprints for his market timing model. To create a Total Indicator, his model combines his Monetary Indicators (Prime Rate, Fed Indicator, Installment Debt) with his Momentum Indicators (advance/decline line, up volume indicator, 4 percent indicator).

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Electricity and utility businesses’ business models must shift dramatically because of new technology and other customer connection models. The demand for these reforms has been fueled by market volatility, price pressure, changing market features, and stringent stakeholder obligations. However, with these shifts come new possibilities. As a result, we’ve included information on ten financial hazards to avoid.

Volition of Legislation

It may seem self-evident, but keeping up with current legislation isn’t always straightforward. It does, however, have an impact on the health of your company. You must be careful about site compliance, labor rules, and data processing. Otherwise, the financial and criminal risks that result could bring your company to a halt.

Risks on Security

The most excellent approach to defending yourself is to remain vigilant. The attack, like poor weather, has no effect. Burglary, racketeering, and armed robbery are all possibilities. Consider putting money into security or surveillance cameras. However, without employee knowledge, your efforts may be insufficient.

Cybercrime

Cybercriminals with a rapid growth rate target enterprises of all sizes at random. Hackers wreak havoc on network infrastructure that isn’t well-protected. Protecting your IT infrastructure with a solid firewall would be best to reduce the risk. Educate employees by encouraging them to use strong passwords, including numbers, upper- and lower-case letters, and special characters. Remember not to click on suspicious links or attachments that could spread viruses.

Financial and Economic Risks

Regional, national, or international catastrophes may impact your business. How can you say no when faced with such a fantastic opportunity? All companies will be affected by this circumstance. However, some people are better at weathering the storm than others. To stay afloat, you must create a strategy for recognizing, analyzing, and responding to hazards. The plan must be modified frequently as the crisis and your activities change and flexibly manage your company’s money. To maintain and grow the movement, cut expenses, and inject cash at strategic places.

Lack of Attractiveness

Being the best for a single day does not imply that you will be the best for the rest of your life. Staying competitive involves focusing on consumer expectations as much as possible to anticipate their demands and stay ahead of the curve. You can also improve by comparing the strengths and flaws of your competition and your organization.

Risks Associated with Employee Health and Safety

Employees are your company’s greatest asset. Compliance on the premises is vital to protect oneself as much as possible from any accidents or exposure to dangers at work. Regular medical checkups and providing staff with affordable health insurance are effective methods to keep employees healthy.

Risks Associated with New Regulations and Policies

Changes in rules and policies are common, particularly at the municipal level. Keeping up to date will help you avoid incurring hefty fines.

Emerging Risks Related to Service Providers

Whether it’s the internet, power, or computer systems, you must always keep an eye on the quality of your service provider. Consider purchasing a backup generator if your company specializes in online services.

Poor Staff Management

Hiring, raises, absenteeism, and raises are all things that can quickly spiral out of control. Human resource management software is an excellent tool for organizing, planning, and carrying out these duties. Many SaaS “software as a service” technologies “hosted elsewhere and accessed via the Internet” are now available and reasonably simple to set up.

Natural Disasters

Do you believe this is a stretch? On the other hand, severe weather can put any business in jeopardy. They are unpredictable and have the potential to be disastrous. Flooding, storms, severe thunderstorms, and other weather-related events can endanger your people and infrastructure. Natural disasters can jeopardize the lives of your personnel and ruin your facilities and equipment. What are your options for self-defense? It’s vital to have an evacuation scheme for your building that identifies emergency exits and muster places before a crisis occurs. From a technological standpoint, consistently backing up your data is crucial, whether on another machine offsite or in the cloud. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

If you pursue an economics and finance degree, you will take business analysis, statistics, accounting, and micro and macroeconomics classes. To gain a more well-rounded education, you will study international business, applying economics to specific industries, business foundations, financial reporting, management accounting, risk management, and taxation, and some comprehensive courses on history, psychology, and global literature.

So, why is economics important? Furthermore, what role does scarcity play in economics? Consider food, shelter, clothing, transportation, healthcare, and entertainment as key things we consume to answer these questions. We must all decide how we spend our resources throughout our lives. Should you buy a new car or relocate to a new apartment? Our budget may not always be sufficient to meet all our needs, resulting in scarcity in the form of capital constraints. Then, economics and finance attempt to address this constraint by assisting us in determining the optimum financial path.

Rather than merely examining graphs, looking at statistics, and forecasting growth, our programmers use economics, finance, and accounting ideas to motivate you to follow your passions and help you understand your strengths and possible future.

Economics is the broader discipline that deals with how goods and services are created, distributed, and sold. Economics also analyses regional and global economies or markets and looks at people’s behavior (e.g., what they buy, why they buy, and where they buy from).

Finance is more specific and mainly deals with financial systems. Finance examines banking institutions, policies, credits, investments, savings, etc. It also studies the creation and management of money.

Studying economics and finance is an excellent option for various reasons, from the occupations you will be qualified for to your income. With such a degree, you will get skills that may be used in both economy-related and non-economic fields.

1. Possibilities for employment

An economics degree can help you find work in a variety of disciplines, including:

• Economist
• Data analyst
• Accountant
• Investment analyst
• Economic researcher
• Financial consultant
• Financial risk analyst
• Financial planner

2. Large range of skills

Through the different courses we mentioned before, an economics degree will equip you with a variety of soft and hard skills:

• Statistical analysis skills
• Mathematical skills
• Communication skills
• Research skills
• Knowledge of economic concepts
• Information Communication Technology (ICT) skills
• Critical-thinking skills
• Leadership & management skills

3. International perspective

If you study economics, you will not be limited to studying the economy of one set of people, one corporation, or one nation. Instead, you will get an international perspective and a deeper understanding of the financial challenges that individuals in other countries face. This implies that you will be well-equipped to broaden the scope of your job beyond your current boundaries.

4. Transferable skills

What can you do with a degree in economics if none of the following careers appeal to you?

Many of the abilities we discussed are transferable to other disciplines and are not exclusive to the economics department. Communication, management, leadership, critical thinking, and researching skills—these and more can be helpful in industries including IT, journalism, law, business intelligence, human resource management, market research, and public relations.

5. Job prospects

According to the Bureau of Labor Statistics, an economics degree is especially beneficial because of the career prospects connected with this sector. According to reports, economists’ employment is expected to expand by 13% over the next decade, much higher than the average for all occupations. From 2020 through 2030, there are estimated to be roughly 1,600 new job vacancies for economists.

6. High salaries

Economists in the United States earn, on average, $108,911 annually. Your pay is determined by your years of experience, your firm, and your position. Still, the lowest annual compensation for this occupation is expected to be $64,373, with the highest income reaching $184,265.

Embarking on an economics degree is a smart move that can lead to exciting opportunities in various industries. With practical skills and knowledge that are highly transferrable, this degree can set you on a path to success. Your enthusiasm for the subject matter is key to making the most of this educational journey. If the information presented here has piqued your interest, now may be the perfect time to seriously consider studying economics. By doing so, you not only boost your own career prospects but also make a positive impact on the broader economy. Let’s start building a brighter future together! About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The internet is an essential item that has been provided to millennials, and they will undoubtedly make full use of it. Apart from being a tool or a source of amusement, the internet is increasingly becoming a source of income for most hobbyists who want to do something creative and thus generate money.

It is not easy to start an online business, nor is it sophisticated math. It would help to examine some things before introducing your company to the world’s most influential technology platform. If you’re thinking about selling your business online, there are a few things you should know before getting started:

Assure You Have a Business Plan

The success of a firm depends on good planning. It would be best to have a proper business strategy in place before you begin your online business. Your business plan should specify the field in which you intend to work and a vision of how likely you will succeed.

Put the Customer First and Learn About the Market

Mastering marketing and sales abilities is critical to turning any business into a successful one. Examine all your potential customers’ demographics and psychographics and their purchasing habits. Also, please pay attention to how your competitors connect with other businesses, explore their websites, and determine how their clients react on social media platforms. These tactics have shown to be effective in understanding the market conditions.

Begin with Services and Work Your Way Up to Products

To start an online business, you’ll need more time than money. As a result, it’s always best to start with services before moving on to products. Learn as much as possible about your customers and enhance your process. Refine the service until it meets your expectations and launch your product. While this technique is time-consuming, investigating the same issue can teach you about your deepest aspirations and pain points.

Select the Appropriate Product

Choosing the right product is critical knowledge for anyone trying to establish an online retail business. Even if you’ve formed a business concept and identified your target market, you must consider the type of product you sell. If you are not the product’s manufacturer, please find a reliable supplier to assist you.

The Site’s Domain Name and Location

After developing your business idea and choosing a product, you must find a reliable hosting provider. After that, you can start your internet business by creating your website. If you don’t have adequate experience with domain names and site locations, you should always seek professional help.

Promotion is Crucial

A well-thought-out advertising strategy is critical to your company’s overall growth and development. When all your ideas and items are ready to sell, you’ll need to create a place for effective marketing and promotion tactics to help you promote your freshly launched company. This plan will assist you in taking your company to the next level.

Make Proper Use of Social Media

You can use social media to implement marketing and advertising tactics effectively. Some social media platforms, such as Facebook, Twitter, and Insta-Gram, are now thought to support various business concepts. You may connect with your target clients by utilizing the tools given by social media.

Make a Plan For Your Email List

When growing your internet business, creating and maintaining a current and consistent email list is critical. However, many entrepreneurs struggle to keep their email lists updated. You can effortlessly reach your prospects and customers by sending various content-based emails to your contacts.

Respond to Emails as Soon as Possible

Building an email list is a breeze, but keeping it current can be tricky. The key is promptly responding to your subscribers’ requests or inquiries. Helping everyone who reaches out is paramount to the success of your business. With dedication and attentiveness, you’ve got this!

Safeguarding Business Operations

Ensuring the sustained health of your business is a crucial aspect that should be tended to regularly. By doing so, you will be able to maintain its growth and longevity, enabling it to remain relevant and prosperous in the long run.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Financial statements are documents intended for investors to give them an idea of ​​how a business performs over a given period. Financial statements answer essential questions investors should ask before buying shares, such as:

• How does a company make money?
• Are your business revenues and profits up or down?
• How much and what does the business own?
• How much debt does the business have?
• What is the inflow of new money into the business?

To answer these questions, I suggest reading this article on the three main types of financial statements to understand what investors should pay close attention to. There are three primary financial statements that investors need to know: the income statement, the balance sheet, and the cash flow statement.

 Profit and Loss Statement (Income Statement)

An income statement tells you how much money the company receives and how much profit is made from that income.

• Revenue (Revenue/Sales): The first significant number on the income statement is the net sales or revenue of the company. This is the top line in the report. In many cases, a company’s income statement will break down the various sources of income. For example, Apple’s (NASDAQ: AAPL) income statement divides revenue into sales of products and services.
• Net Income: The Company’s cost of sales is then subtracted to arrive at its gross profit. Operating expenses (such as research and development) are deducted to calculate operating income. The income tax expense is then removed, resulting in the company’s net income. Net income is often expressed in both one considerable number and in terms of shares (the latter is earnings per share or EPS).

Depending on the company, there may be other information on the income statement, such as sales by region or product category. Here is an example of the regional breakdown from Apple’s 2021 annual report.

It’s also worth noting that the income statement usually has several columns of numbers to show how the current period compares to the same period last year. Typically, the previous quarter is compared with the same quarter a year earlier. The calendar year before the current date or the company’s full year is compared with the same period of the previous year. Comparing a company’s current income to the last year’s income gives a good indication of how the business is growing.

• Balance sheet: The balance sheet depicts a company’s financial situation at a specific point in time, generally the conclusion of a quarter. As with the income statement, the data is usually presented to compare the current period and the same time a year earlier.

The balance sheet consists of three sections:

• Assets (what the company owns) are divided into current and non-current assets. Existing assets include liquid assets and assets expected to become liquid during the year: cash, short-term treasury bills, receivables, and inventories. Non-current assets include long-term investments, real estate, and equipment used in production, to name but a few.
• Shareholder’s equity is the difference between assets and liabilities and the company’s net value. Equity is what a company would have left if it closed, sold all its assets, and paid off its debts.
• Cash Flow Statement: A company’s cash flow statement shows the cash flows in and out of business. It is divided into several categories:
  • Operating activities: This includes the net income from the company’s business, stock compensation, receivables received, payables paid, and other items related to the business.
  • Investing activity: If a company buys or sells stocks or bonds, that training is included in this part of the cash flow statement. The same applies if a business buys or sells real estate or equipment.
  • Financing activities: If a company issues new ordinary shares, they are included in this part of the cash flow statement. And if the company repays the debt, it will also be displayed here. Dividend payments are standard in this section, as are share buybacks.

A positive number indicates that the company’s cash increased during the reporting period, while a negative number indicates that the company’s cash decreased. The sum of all these categories gives the company’s total cash flow. Just below full cash flow is usually the actual cash and cash equivalents currently held by the company.

Where Can I Find the Financial Statements?

Many companies put their latest results in the spotlight on their main IR page. Go to the company’s page in the Investor Relations section and open the latest quarterly report, which is usually found in the “news,” “press releases,” or “financials” tab at the top of the page. You can get the company’s financial statements directly on the company’s website.

The bottom line is that financial statements are full of information, updated quarterly, and easily accessible for all publicly traded companies to help investors like you make informed decisions. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Individual citizens must pay taxes if they have a land plot, real estate, a car, or another vehicle. Accruals are sent by the tax authorities annually from April to October. The billing period is the previous calendar year. You must make payments by December 1 of the same year. If you have not paid your taxes on time, you will face various types of liability for all this.

What Taxes Are There?

1. Transport tax: tax for cars, motorcycles, scooters, buses, and other self-propelled machines and mechanisms, as well as airplanes, helicopters, motor ships, yachts, sailing ships, boats, snowmobiles, motorboats, jet skis, non-self-propelled (towed vessels) and other water and air vehicles duly registered under the legislation of the Russian Federation.
2. Property tax: a tax on a residential building, apartment, garage, parking space, construction, other buildings, or structures.
3. Land tax: tax is levied on individuals who own land plots based on the right of ownership, permanent (unlimited) use, or the right of lifetime inheritable possession.
4. Personal income tax (PIT): a tax on income received by individuals from the sale of property owned for less than three years; from the lease of property: on income from sources outside; on revenue in the form of various kinds of winnings; for other income.

There are also special taxes for individuals:

5. Fees for using objects of aquatic biological resources – a tax paid by individuals engaged in particular or unique water use (water withdrawal from water bodies with and without water withdrawal for hydropower, rafting, etc.).
6. Fees for using objects of the animal world – a tax paid by individuals who have received, per the established procedure, a license for the benefit of things of the animal world on the territory.

When Do You Need to Pay Taxes?

Except for personal income tax, all tax charges are calculated by the Federal Tax Service on their own, and they send you a notification by mail from April to October. The deadline for paying taxes of individuals (property, land, transport) ends on December 1, and then the accrual of penalties begins. Regarding personal income tax, the taxpayer must submit a declaration of income for the previous year by April 30 (in 2018 – until May 3 due to the postponement) and pay before July 15.

How to Find Out the Tax Debt by TIN and Pay Without Queues and Receipts?

We recommend that you check and pay your tax debts via the Internet. Entering the TIN (individual taxpayer number) or UIN (unique tax accrual number) is enough. Any bank card is suitable for payment – Visa / MasterCard / MIR. After payment, Creditors will send payment details to you by e-mail. NALOGI.ONLINE also allows you to subscribe to notifications of new tax debts. When the information enters the state GIS GMP system, you will immediately receive an e-mail or SMS notification. This notification

How Quickly Are Paid Taxes Recorded in the Federal Tax Service?

The State Information System on State and Municipal Payments (GIS GMP), through which information is exchanged, deletes information about your debt only when confirmed by the Federal Tax Service. The tax authority’s data processing can take 2 to 4 weeks, even though the money usually arrives at the Treasury the next day after payment.

What to Do if Charges Seem Incorrect to You?

Together with the tax notice and payment documents for the payment of personal property tax, transport, and land taxes, you receive an application form, which is used if inaccuracies or false information about a land plot, vehicle, apartment, or other property in the tax notice. We advise you to submit the completed application to the tax office in person and send it to the tax office by mail or electronically through the Federal Tax Service website.

Who is Exempt From Paying Taxes?

Different types of taxes imply exemption from their payment to various categories of citizens. But most often, the following are exempted from paying taxes:

• Pensioners
• Heroes of the USSR
• Participants of the Great Patriotic War and other hostilities
• Disabled people of groups I or II, as well as disabled since childhood
• Service members and family members of service members in case of loss of a breadwinner
• Persons exposed to radiation as a result of nuclear tests at the Semipalatinsk test site, the disaster at the Chornobyl nuclear power plant, as well as at the Mayak production association, etc.

For tax exemption and to clarify the categories of citizens falling under the preferential category, you should contact the tax office at the place of registration.

What Happens if You Don’t Pay Taxes on Time?

If you have not paid the tax on time, penalties will begin to accrue from the first day of delay, based on the calculation of 1/300 of the refinancing rate. It is 0.02% per day.

Perhaps this is the most important thing you should know about taxes. Pay them on time!

We wish you financial well-being! About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The regulation of all activities in the supply chain process is called supply chain management. From procuring raw materials to monitoring numerous supply chain logistics procedures, supply chain activities are diverse. The goal of supply chain management is for businesses to provide high-quality, high-value products to their customers while preserving a competitive edge. A company’s success and profitability will almost certainly grow if it gives its clients exceptional customer service and products. Thanks to an ever-expanding global supply network, supply chain management is more competitive and sophisticated than ever before. Developing and maintaining supply chain management strategies and best practices raises the chances of a company surviving and thriving.

Benefits of an Efficient Supply Chain

The supply chain significantly impacts the productivity and profitability of operations, from raw material delivery to customer order fulfillment. Companies can gain the benefits listed below by upgrading their supply chain management procedures.

• Ensures Customer Satisfaction: A company’s stock-outs risk and failure to fulfill expected delivery decreases with good supply management.
• Reduced Operating Charges: An effective supply chain ensures that costly merchandise isn’t retained in warehouses for longer than is necessary or that storage costs aren’t incurred.
• Creates a more favorable financial situation: reducing small costs in the supply chain can result in significant cost reductions. It could be as simple as switching to a more profitable product or altering packaging.
• Increased production and cash flow: when a product is supplied more quickly, an invoice can be paid more quickly. Supply management that is done correctly can result in faster product flow, leading to improved income.

Better Supply Chain Management Strategies Management of Inventory

1. Develop a demand-driven business model

Implementing good planning tools that aid in forecasting and contingency planning can significantly reduce risks like manufacturing failures. A corporation that stays ahead of the game can shift products fast, modify prices, and limit or increase supply. Cloud-based supply chain technology enables firms to see where their inventory is in real-time, providing genuine visibility and enabling data-driven inventory choices.

2. Develop dynamic planning capabilities for an adaptable supply chain

A flexible supply chain is essential for meeting shifting demands. Developing dynamic planning capabilities boosts the supply chain’s visibility, cooperation, and analytics. It’s also critical to update the supply chain regularly in reaction to market fluctuations.

3. Ensure that business goals are aligned with the supply chain

Forecasting accuracy is challenging due to broken ties between finance, strategy, and operations. Integrated planning aids in the repair of these links by bringing people, processes, and technology parts of the business together to guarantee forecasting systems are in sync with other essential aspects of the overall operation.

4. Make environmental sustainability a priority in your supply chain

There are two compelling reasons to prioritize environmental considerations in all operations: the competitive advantage it provides and the cost and carbon reduction it enables. Green strategies boost production efficiency, supplier management abilities, and employee and consumer appeal while lowering inventory costs and waste.

5. Develop trusting connections with vendors

Manufacturing activities can be synchronized and connected with customer and demand planning processes using inventory and ordering software that provides analytics and application processes. Manufacturers may erect stock pads if an airtight supply model has not been adopted. It can be costly to a company and result in supply shortages.

6. Communication with Transparency

Transparency is the cornerstone of any successful company. A centralized and dependable communication channel can drastically improve efficiency in the global supply chain because there are so many diverse parties. The same approach applies to the company’s internal operations. Professionals in all departments may obtain real-time updates thanks to the management software, which helps avoid costly and disastrous misunderstandings.

7. Revisions

Throughout the year, many businesses conduct demand planning activities at specific times. Technological improvements allow companies to execute demand planning and supply chain management operations continually.

8. Creativity

Continuous innovation is required for effective supply chain management. Professionals in supply chain management who constantly seek ways to improve their supply chain management operations are a significant addition to any company. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Why Invest, and Is it Proper for Me?

You have a deposit in a bank, but you are not satisfied with the interest; they are too low, and you want to earn more. But you must understand: the higher the opportunity to make, the higher the probability of losing all the money.

It is not valuable to invest the last money if you do not have savings and a bank deposit. If a bank goes bankrupt, the state will return the money to depositors – within $1.4 million. There is no such insurance on the exchange; you can lose everything. Moreover, the fall in the value of securities occurs much more often than bank failures.

I Want to Try. Where to Initiate?

The present exchange is electronic; you can trade online without getting up from the couch. Before looking for it, it is worth determining a few essential things for yourself.

1. Estimate how much you want to invest

Theoretically, you can start with any quantity, even with $1,000. It is worth investing if you are ready to risk several tens of thousands of dollars. It is better to imagine a situation where you will lose your money in advance. You can try if you realize this is not a disaster for your budget.

2. Consider how much time you want to spend

If you are ready to get trained, immerse yourself in the topic, study statistics and stock reports in the morning, and follow the charts throughout the day, you can try to trade on your own. You will conclude buying and selling, and the broker will follow your instructions.

Another choice is to invest in mutual funds (mutual funds). These are ready-made sets of various securities or other assets. The mutual management company manages the mutual fund funds and sells assets, changing their composition by strategy and investments.

Decide where you will invest. Stick to specific methods.

3. What is a strategy?

A strategy is a group of investment parameters that determine your style of behavior on the exchange: what assets do you trade, how often do you sell, and what guides you when making decisions (for example, do you watch news that affects the market).

The simplest version of the strategy – you choose:

• Assets
• The time for which you want to invest
• Maximum loss

Let’s say the assets are shares of pharmaceutical and chemical companies, the period is one year, and the number of losses is 20%. If you have selected trust management, you must also decide on a strategy. Only in this case will you will from offers already on the market or discuss an individual plan with your manager.

4. Find an intermediate company

When you decide on a strategy, finding an intermediary will be easier. When choosing a broker, trustee, or management company of a mutual fund, the necessary and paramount thing is to make sure that they have a license from the Bank of Russia.

If you have chosen to invest on your own, you have to go through the following path:

• Agree with a broker
• Open and fund a brokerage account
• Install a unique program for trading
• Start buying and selling

If you have chosen the way of trust management, it will be enough to decide on an agreement and transfer the cash to the trustee or Management Company of the mutual fund.

Common Mistakes: What Not to Do

You can’t invest everything you have in stocks.

Set aside money for living and unexpected expenses first. Create a “safety cushion”: open a bank deposit – and only then start stock trading. Invest the quantity that you are willing to accept losing.

Don’t act Randomly – Get Trained

If you decide to trade on the stock exchange on your own, be sure to complete the training. Most brokers run courses for beginner investors. Trading programs often have a demo mode: you can try your hand at it without the risk of losing money.

Don’t Get Emotional

If you act impulsively, you can make many mistakes. A novice investor should not behave sharply to the slightest price movement on the stock exchange. But you need to act decisively if the price changes significantly. Set a limit on the losses you are willing to bear: for example, if you want to accept a 20% loss and end the trade to avoid even more significant losses. The desire to wait some more – it will suddenly “bounce off” – will be great, but there is no need to succumb.

Don’t Put All Your Eggs in One Basket

It is good to buy securities from companies from different industries. For example, when oil prices fall, and if you buy securities of companies in various sectors of the economy, such as engineering, the chemical industry, and telecommunications, this will help you reduce the risk of losing your money (or, as financiers say, diversify risks).

Do Not Believe Promises to Earn 500% Per Day

Only fraud can guarantee anything in the stock market. And a responsible broker should warn you of the risks. The situation on the exchange is changeable, and only you are responsible for the decisions made.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.