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The digital transformation is not only related to the increase in productivity or the competitiveness of the company. Also, and in a special way, how human resources are organized and managed when capturing and retaining the best talent in the market.

Talent management is experiencing a real revolution in the last five years, especially because faced with a panorama of fierce competition, in some sectors, authentic talent is scarce. What can we expect for the coming years? The consultant Top Employers shares with us the following ten major trends.

Change management

The management change is imperative for companies to reinvent themselves. This change management will not be understood only as technological transformation, but above all as a cultural change that will rethink the whole way of working in organizations.

According to the consultancy CEB, change management is already the main priority for talent, as well as being a fundamental part of the work of four out of five Human Resources directors.

Acquisition of talent

The acquisition of talent will undoubtedly be one of the main priorities as a result of the growing competition to find the right employees for complex roles in a context of scarcity.

Companies will increasingly use predictive analytics technologies in the selection process. In addition, they will work in recruiting marketing to offer the most attractive image possible to candidates. 

Value proposal to the employee

The employee value proposition (EVP in its acronym in English) will be more strategic. In the context of the consolidation of millennials in companies, with their demands for flexibility, it will be a priority to offer them a complete and personalized EVP.

This EVP will be increasingly linked to getting the best experience, based on the particular needs of each worker. The entire organization must be strategically involved in the creation of this EVP.

Proposal for global compensation

There will also be a growing implementation of the proposal of global compensation for each employee in the organizations, an area in which there is still much room for improvement.

With this proposal, the company communicates annually, and in a personalized way not only the traditional remuneration elements such as the fixed and variable salary but the monetization of the social benefits, the investment in training, pensions and long-term incentives will be incorporated more and more. It is a key tool for loyalty, with which the company puts in value the full compensation that it really offers to each professional.

Onboarding systems

Organizations will continue to perfect their onboarding programs, with the main objective that newcomers integrate into the culture of the company.

What was once an isolated action that lasted a few days, will be a process that begins before employees join the organization and last up to one year.

More gamification

The use of gamification will increase in many different areas, such as talent acquisition, training, integration or leadership programs.

Gamification tools will be consolidated, such as simulations, role plays or video games, based on interaction with participants. They will be used, for example, to know what the competencies of the candidates are in the selection process or to assess the skills of the leaders.

Career planning and succession

The career planning and succession are also consolidated as one of the main priorities of Human Resources, not only for key positions but for the entire organization.

The flexibility, transparency, and empowerment of the professional will be intensified. Mobility will be promoted not only vertically, but also horizontally and multifunctionally, encouraging the professionals themselves to take charge of their career development, relying, on the one hand, on technology, with interactive portals of free access, with information and resources for the professional development, and on the other hand, in a leadership style developer, of a coach leader, that stimulates the “career conversations” of the professional with his boss.

Multidirectional communication

Coming years will also see a growth in multidirectional communication in all areas of talent management, such as learning processes, performance management, the creation of creative environments or the construction of the company’s culture.

The employees should feel that they can comment, that they are listened to. In this way, they will be more committed to what they do and will be more productive. This multidirectional communication is also key to getting employees to become the best brand ambassadors of the companies.

Corporate Wellness

The employee welfare initiatives  will grow during the next year, with very varied programs related to the promotion of healthy nutrition, the practice of sports or stress management.

Companies are increasingly aware that the promotion of healthy habits directly impacts the business, not only with a clear decrease in absenteeism but also with increased productivity and commitment.

More technology

The technological disruption and deployment of predictive analytics are hard to set the agenda of those responsible for Human Resources. 

They will do even more in the coming years, with increasing use of technology in all areas of talent management. Decision making in organizations will rely, increasingly, on big data. The great challenge will be to be able to perform the predictive analysis of the intangibles with the most impact on the business (people analytics) and use this information to make the best-informed decisions.

 

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

With technology, the administration of personal finances is becoming simplified.

If technology has changed the way we communicate, learn and entertain ourselves, how can we not expect it to do so in the way we manage our money?

Using technology to manage your finances facilitates the preparation of budgets, improves the monitoring you give your money and streamlines your transactions through the features that gives you electronic banking, among many other benefits.

 

The advantages of digital finance

Through their online portals and mobile applications, banks allow you to perform a series of actions in relation to the management of your money that provide you with the following benefits:

 

• The electronic banking portals have the strictest security parameters, so you can make transactions with more peace of mind than if you went to an ATM to withdraw money and walk with it from one place to another.
• Alerts Linking your accounts to your cell phone or email is very useful, as this way you will be aware of the movements at all times, such as deposits and charges, avoiding surprises.
• You can track your balances and distribute your income in an orderly manner to meet all your payment obligations and allocate fixed amounts for savings and investment. Your automated systems make the payments and charges automatically, so you always know how much you have, and the records are always available for you to verify.
• Time saving. You no longer need to go to a bank branch. From where you are, you can make inquiries of your bank accounts and make payments and transactions.
• All you need is a device connected to the internet, whether it’s a desktop computer or a smartphone or tablet, to order or review movements at any time of the day. Some banking operations are restricted on schedule, but you can leave them scheduled for the next business day.
• Variety of functions. In the common of the electronic banking portals you can carry out a myriad of operations during the same access.
• Low cost. Even when some transactions have a cost, this is minimal compared to what would represent that you moved to a bank branch or you had to go to different establishments to make payments for services.
• Schedule payments. So that you do not miss any service payment date, you can request that the charges be made automatically each month, saving you setbacks and late payment fees.

The millennials are the ones who have quickly adopted electronic banking thanks to its mastery of new technologies; however, all generations can benefit from this digital revolution.

 

Everything you can do

Apart from financial services, among the many things you can do with the new technological tools are:

 

• Miscellaneous payments. You can make the payment of your credit cards and personal loans from the same bank where you have your account or from other banks, as well as paying tuition and services such as electricity, water and cable TV. Even, as we said, you can schedule them so that you do not miss the due dates.
• It is possible to pay for everything from products for sale in  e-commerce sites  to tickets for the cinema, various shows and airline and bus tickets.
• Financial management. There are many platforms on the internet and mobile applications that help you keep track of your income and expenses and distribute your money on a budget, which gives you more control.
• Savings and investment. As you manage the payment of your financial obligations, you can also make transfers to your savings accounts and track your investments.
• Credit procedures. If you require a loan or request a credit card, in many cases it is no longer necessary to go to a financial institution to present your documentation. Simply fill out forms online and scan and send by e-mail or via a platform the proof of address and income requested. The answers are even faster, because all the analysis of your credit history and ability to pay is done automatically.
• Digital finance came to make it easier for you to manage your money and save you time and effort.

 

Do not distrust. Portals with financial services, whether electronic banking or payment systems, have the highest security measures.

 

Prevent to be sure

You just have to be very careful with your access to those sites. Some recommendations are:

• Never do it from internet connections or public computer equipment.
• Memorize your usernames and passwords and do not share them with anyone.
• Do not enter your bank portals from links in emails and better type directly the name of the site in the address bar.
• Make sure the website address starts with “https”, which is an indication that it is safe.

The security of your financial transactions depends on both security parameters and common sense. Be cautious and you will never have problems.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

In this first stop of the Social Media Advertising tour, we are going to talk about advertising on Facebook Ads. Facebook Ads is one of the most complete advertising platforms that exist, since they allow you to segment your campaign based on the audience you are targeting.

This functionality is super interesting. We only have to take into account the amount of data that many Facebook users fill in their profiles. That information is used for the segmentation of campaigns, of course.

 

Custom Audiences on Facebook Ads

One of the most interesting functionalities in terms of segmentation is the possibility of creating customized audiences.

You will see, when you have the possibility to obtain the emails of your users, either because your website has a registration option, or because they have left their email to download a resource, you can upload them to Facebook and this will find similar user profiles that you uploaded.

Only the mere possibility of doing this is impressive. We are talking about Facebook going to find and find users that have similar characteristics to users who have shown interest in what we offer or are currently customers.

 

Advertising formats in Facebook Ads

To run a campaign from scratch, we should have a business page on Facebook. But we are going to enter into matter and we are going to see the types of advertising formats that Facebook puts at our disposal.

That is, more and more the traffic comes from desktop computers, mobile phones, tablets, etc., so the formats have to adapt to it. We also show you in this seminar how to make a Facebook Ads campaign step by step. Facebook offers an advertising format for each story , depending on how we want to tell it. These are:

 

Ads with photo on Facebook Ads

These types of ads allow you to post an eye catching image and include text to gain the attention of the audience. 

 

Ads with video on Facebook Ads

In this case we go a step further and use a native audiovisual format. Facebook values ​​the use of videos directly uploaded to its platform, much more than a link to YouTube.

If each day more than 100 hours of video are uploaded to Facebook, the platform allows you to reach your audience in the most common way at this time.

 

Video ads presentation on Facebook Ads

To make a video requires certain resources that may not be available to anyone, so this format is very interesting for ordinary mortals.

 

What is it about?

The video presentation in Facebook Ads is a sequence of images with a duration of a few seconds each. It is very interesting since, even in places with limited connectivity, its visualization is possible since it does not require a very high connection speed.

It can serve to cover almost all the objectives that we may have, but it is really good to attract users to your website.

 

Collection Ads in Facebook Ads

It was the last advertising format added to date by Facebook – in March 2017-. As we have read on the Facebook website for companies, this collection format “makes it easier for people to discover, explore and buy products and services from their mobile devices in a visual and immersive way”.

Basically, what happens when you press any of the images is that a quick loading page opens where there is additional information and possibility of purchase without leaving the Facebook application.

 

How much does Facebook advertising cost?

Advertising on Facebook does not have a fixed payment system for making a campaign, but it will charge you based on your goals.

If your goal is to bring traffic to your website, you end up paying for each click that users make in your promoted publication.

Therefore, you will pay per click, per conversion or new follower, always depending on the objectives that you have marked at the beginning of the realization of the campaign.

 

 

 

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

By: Jennifer Brazer

Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.

Fact Checked By: Brittany McMillen

Unlock the Advantages of Online Banking for Your Finances

Online banking benefits transform financial management through 24/7 account access, automated transactions, and sophisticated security features that save time while reducing costs for both individuals and businesses. The ability to deposit checks from your phone, pay bills automatically, and monitor spending patterns in real-time eliminates traditional banking constraints that once limited financial growth.

Mobile banking has become the preferred method for 55% of Americans, with adoption exploding from under 0.4% in 1999 to 66% in 2023—projected to reach 79% by 2029. As CEO of Complete Controller for over two decades, I’ve witnessed firsthand how digital banking tools revolutionize business operations across every industry. My clients consistently report 30-40% efficiency gains after implementing comprehensive online banking strategies, particularly when integrated with modern bookkeeping systems. This article reveals the specific advantages that make digital banking essential for financial success, from enhanced security protocols to AI-powered savings tools that build wealth automatically.

What are the core benefits of online banking?

• Online banking benefits include convenience, security, cost efficiency, automated financial management, and accessibility for all user types
• Convenience: Bank anytime from any device, bypassing physical branch limitations
• Cost Savings: Eliminate fees for paper statements, checks, and in-person transactions
• Security: Advanced encryption and real-time fraud monitoring outperform traditional methods
• Financial Control: Tools for budgeting, savings automation, and expense tracking simplify money management

The 24/7 Accessibility Revolution

Online banking’s round-the-clock availability fundamentally changes how people interact with their money. Physical banks restrict access to business hours, but digital platforms enable instant balance checks, mobile deposits, and transaction reviews during holidays, weekends, or midnight emergencies. This constant connectivity proves especially valuable for small business owners managing cash flow during critical operational periods.

Real-time alerts transform account monitoring from reactive to proactive. When unusual activity occurs, immediate notifications allow swift responses that prevent fraud escalation. Complete Controller clients frequently cite these alerts as game-changers for expense management, catching duplicate charges or unauthorized transactions within minutes rather than discovering them weeks later on paper statements.

Mobile-first banking experience

Mobile banking perks extend far beyond basic balance checks. Remote check deposits eliminate branch visits entirely—simply photograph both sides and submit. Features like Zelle® enable instant person-to-person transfers, while cardless ATM withdrawals add security by reducing physical card exposure. Synchrony Bank exemplifies this mobile-first approach, allowing users to manage multiple savings goals through intuitive app interfaces that sync across devices.

Financial Efficiency Through Automation

Automated banking features slash administrative time while enforcing financial discipline. Bill pay automation prevents late fees through scheduled payments, while recurring transfers build savings without willpower battles. For businesses, these efficiencies compound—automated invoicing, payroll processing, and expense categorization can reduce bookkeeping time by 40% according to industry studies.

The cost savings multiply quickly. Paper checks cost approximately $4-20 each when factoring in materials, postage, and processing time. Digital transactions cost pennies while executing instantly. One Complete Controller client eliminated $300 monthly in check-related expenses simply by transitioning vendor payments online.

Small business-specific advantages

Advantages of online banking for small businesses include integrated cash flow dashboards that display real-time financial positions. Bank of Dudley’s color-coded expense tracking allows instant spending analysis by category, while automated reconciliation features reduce month-end closing from days to hours. These tools particularly benefit solo entrepreneurs juggling multiple revenue streams without dedicated accounting staff.

Scalability becomes seamless with digital infrastructure. Transaction limits expand easily as businesses grow, while multi-user access enables team collaboration without compromising security. API integrations connect banking data directly to accounting software, creating unified financial ecosystems that traditional banking cannot match.

Security Beyond Traditional Banking

Digital banking employs multi-layered protections surpassing physical document security. SSL encryption, biometric authentication, and AI-driven anomaly detection create comprehensive defense systems. Banks report 60% fewer fraud incidents through digital channels compared to paper-based transactions, with 85% of users now trusting online banking security despite initial concerns.

Proactive security features empower users with unprecedented control. Card freezing via mobile apps prevents unauthorized use during loss or theft. Transaction limits, merchant restrictions, and geographic controls add customizable protection layers. Waukesha Bank’s automated threat escalation reduced client fraud losses by 78% through early intervention protocols.

Implementing robust security protocols

Secure online banking benefits multiply when users activate available protections. Two-factor authentication adds critical verification layers, while customized alerts flag specific transaction types or amounts. Creating dedicated sub-accounts for different purposes—operational expenses, tax reserves, payroll—limits exposure if credentials become compromised. Complete Controller recommends monthly security audits to verify settings remain optimized as threats evolve.

Advanced Money Management Tools

Modern banking platforms transform passive accounts into active wealth-building instruments. Synchrony’s high-yield savings calculators project compound growth scenarios, while Ally Bank’s AI analyzes spending patterns to identify “safe-to-save” amounts for automatic transfers. These tools democratize financial planning previously requiring expensive advisors.

Integration capabilities extend banking data across financial ecosystems. Platforms like Mint aggregate multiple accounts, creating comprehensive dashboards displaying net worth, debt ratios, and investment performance. This holistic visibility enables informed decisions impossible when information remains siloed across institutions.

Automated wealth building

Online savings account benefits shine through intelligent automation. Huntington Bank’s Money Scout exemplifies next-generation features—AI monitors spending patterns and automatically transfers $5-50 of identified surplus funds. Pilot program participants saved $115 monthly on average without conscious effort, proving automation’s psychological advantages over manual saving.

Round-up programs complement traditional savings by converting spare change into investments. Every debit card purchase rounds to the nearest dollar, depositing differences into designated accounts. These micro-contributions accumulate significantly—typically $30-50 monthly—without impacting perceived spending power.

Implementation Roadmap for Digital Success

Transitioning to comprehensive online banking requires strategic planning. Start by auditing current financial workflows: identify repetitive tasks, fee-generating activities, and time-consuming processes. Match identified pain points with platform capabilities—choose banks offering specific solutions rather than generic services.

Security setup forms the foundation of successful implementation. Enable biometric logins, establish transaction alerts, and configure automated backups. Schedule recurring transactions gradually, beginning with fixed obligations like rent before adding variable expenses. Integration with budgeting apps should follow account stabilization, preventing synchronization errors during transition periods.

Testing phases prevent costly mistakes. Run parallel systems briefly, maintaining traditional processes while confirming digital accuracy. Complete Controller clients typically achieve full transitions within 90 days, reporting 25% improvements in financial visibility and 3-5 hours weekly time savings.

Transforming Your Financial Future

Digital banking represents more than technological convenience—it fundamentally alters financial relationships. The combination of accessibility, automation, and analytical tools creates opportunities for wealth building previously reserved for large organizations. Small businesses gain enterprise-level capabilities through cloud-based platforms, while individuals access institutional-grade investment tools.

After guiding hundreds of businesses through digital transformations, I’ve observed consistent patterns: reduced stress, improved savings rates, and accelerated growth trajectories. The businesses thriving today leverage every available digital advantage, from AI-powered cash flow forecasting to automated tax preparation. Those clinging to paper-based systems face mounting competitive disadvantages as efficiency gaps widen.

Your financial evolution begins with a single login. Whether you’re optimizing personal finances or scaling business operations, the tools exist today to achieve previously impossible outcomes. Visit Complete Controller to discover how our team can accelerate your digital banking transformation with expert guidance tailored to your unique goals.

Frequently Asked Questions About Online Banking Benefits

Is online banking safe?

Yes, online banking provides robust security through FDIC insurance, military-grade encryption, and real-time fraud monitoring that surpasses risks associated with physical documents or branch visits.

Can I deposit checks with online banking?

Most banks offer mobile check deposits where you photograph both sides of checks for instant processing, eliminating branch visits while maintaining deposit records.

How does online banking help with budgeting?

Built-in categorization tools automatically sort expenses, while integration with apps provides spending insights, savings recommendations, and progress tracking toward financial goals.

What are the disadvantages of online banking?

Limited cash deposit options and occasional technical issues represent primary drawbacks, though selecting banks with extensive ATM networks and responsive support minimizes these concerns.

How do I choose an online bank?

Prioritize FDIC insurance, evaluate fee structures against your usage patterns, confirm needed features like mobile deposits or small business tools, and verify customer service availability.

Sources

• American Bankers Association. (2024). “Consumer Survey Banking Methods 2024.” www.aba.com/about-us/press-room/press-releases/consumer-survey-banking-methods-2024
• McKinsey & Company. (2023). “Global Banking Annual Review.” scoop.market.us/online-banking-statistics
• Statista. (2025). “Online Banking Penetration in the U.S. 2019-2029.” www.statista.com/forecasts/1285979/digital-banking-penetration-rate-usa
• Huntington Bank. (2020). “Money Scout Case Study.” personetics.com/resource-center/huntington-launches-money-scout
• Wifi Talents. (2024). “Digital Banking ROI Report.” www.absrbd.com/post/digital-banking-statistics
• Adams, L. (2024). “Security in Digital Banking.” Synchrony Insights.
• Garcia, M. (2025). “Cost Analysis: Online vs. Traditional Banking.” Citi Research.
• Thompson, R. (2024). “Small Business Banking Efficiency.” Journal of Financial Technology.
• Bank of Dudley. (2025). “2025 Online Banking Adoption Report.” Dudley Financial Press.
• Federal Deposit Insurance Corporation (FDIC). “Consumer Resources.” www.fdic.gov/resources/consumers
• Investopedia. “Online Banking.” www.investopedia.com/terms/o/online-banking.asp
• Wikipedia. “Online Banking.” en.wikipedia.org/wiki/Online_banking
• Complete Controller. “5 Money Management Tips to Help Avoid a Deficit.” www.completecontroller.com/5-money-management-tips-to-help-avoid-a-deficit
• Complete Controller. “Small Business Bookkeeping: 9 Tips and Tricks.” www.completecontroller.com/small-business-bookkeeping-9-tips-and-tricks
• Complete Controller. “Mobile Business Management Apps.” www.completecontroller.com/mobile-business-management-apps

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.

We all are aware that stocks rise and fall all the time. However, sometimes it seems as though the stocks you own continue to drop and drop and your fear begins to rise and rise. 

In this article we will talk about things that surely you have already read, but they are fundamental things, and that you should remember in times of falls like the current one.

 

 

1- No One Knows What the Stocks will do

 

When the stock market is up, everyone want to get in on something. The stocks will rise and rise and seem like they will never stop. Suddenly they start to drop and then the stock holders being to wonder if they should dump their shares before their shares are no longer worth a profit. When the stock price is down, people tend to not buy and wait for more. 

My opinion is that nobody knows what the stock market will do in the short term, let alone the tabloid economic news. Do not get carried away by the noise and follow your strategy, without letting yourself be influenced by what people say.

Therefore, I make monthly purchases, regardless of how the market is. If it is expensive, I will buy fewer shares, and if it is cheap I will buy more. In the end, I will have a better average price than many who try to guess the movements of the stock market.

 

 

2- The Short Term does not Matter

 

Really, the short term doesn’t matter. If we invest in the stock market in the long term it is because it is the safest strategy, and you always have to keep in mind that in the short term you do not know what will happen.

The short-term stock market is unpredictable, so your movements should not affect you in the least. Personally I don’t look at how much my actions and my funds are, since I don’t care at all.

In the long term, of course, I will be interested in the fact that they have risen as much as possible, but at the moment the descents do not affect me at all. In fact, if the bag goes down I’m glad, since I can buy much cheaper what was previously more expensive.

 

 

3- Do Not Let Feelings Influence your Decisions

 

Fear and greed are the worst enemies of any investor. Now we are in a time of fear, as it seems that the stock will go down and down. But, if we look back, we see how in the long term the stock market always rises, and although there are moments of panic we have always recovered.

It is essential that you do not get carried away by the feelings when it comes to investing, that you have a mechanical strategy. Not to complicate, an Index account and automatic monthly contributions without looking at how the market is may be the best alternative.

 

 

In conclusion, that the bag goes down should not matter to you at all. If you are clear about what you do, continue with your strategy as if nothing. If a decrease of 15% in the stocks has made you go crazy and have a bad time, maybe you are not prepared to invest the current percentage in equities, and you should spend a part in fixed income to eliminate some volatility.

The best protection against these losses is preparation and training. I have it clear, I have continued shopping as if nothing, I have even slightly increased the amount of my purchase to take advantage of the moment.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

That anyone can buy a house or manage the rental of an apartment is half true. Real Estate investment attracts all kinds of people because it is seen as an easy business to understand. Whether the house is an investment or to live, these are some of the frequent mistakes that should be avoided.

First. Be willing to spend thousands of dollars on the purchase of a house but not to invest $200 in a lawyer. You should neither reserve the house nor sign an earning contract or a lease with an option to buy and, let us not say a sale, without having a lawyer next to negotiate on your behalf and defend your interests.

Second. Do not spend time and effort to understand well what is going to be signed. In Rosales’ opinion, it is irrational not to spend an afternoon at the lawyer or a morning at the notary’s office to know well what is going to be signed before going into debt for life. The deeds of sale, specifically, are in the notary three days before, and the notary, at the time possible, has to advise and clarify any doubt for free. The deeds of the mortgages of some entities are expected to be consulted in advance as of January.

Third. To think that the real estate agency or the financial entity will defend our rights instead of selling us the most profitable product. Search and compare are imposed. This belief is the mother of the previous two, and the antidote is to advise and spend as much time as necessary. “Whoever signs in five minutes pays the consequences for a lifetime,” Rosales warns.

Fourth. Buy a home exceeding the needs and payment possibilities. A young man who, to emancipate himself buys a house for a lifetime, without certainty of being able to pay the mortgage when interest rates rise, will save that 10% of paperwork and taxes that he would have to pay if he later buys a larger apartment. Still, you will not run the risk of losing everything.

Fifth. With just a dating relationship, getting into a purchase and a mortgage is far-fetched. And the error is even greater in cases where you live and have children without registering as a common-law partner or getting married. Situations such as marriage are well regulated. It is known what to expect when the relationship is initiated, developed, or extinguished by separation or death. In the case of courtship, it is appropriate to agree on rules and raise them to public deed to set the proportion of the mortgage that each one will pay.

Sixth. Request that parents or a family member endorse. “What we call bank guarantee to ask for a mortgage should never be from the family,” explains Rosales, who argues that “he is a perverse figure.” And he adds, if the financial institution distrusts that the loan can be repaid, it should not give it.

Seventh. Choosing a home without making sure of its proximity to equipment or means of transport and without calculating what is going to be invested in time and fuel for life is as absurd as buying a new apartment without taking into account the community of owners. Daniel Loscertales, president of the legal editorial, warns that “it is not unusual for a block of recent construction to have several homes in the hands of the developer who does not pay the community fees and, if it goes into bankruptcy proceedings, the rest of the owners will have to be paying those fees for years if they don’t want to be without services, such as the goal or the heating.”

Eighth. Have debts and, not to lose the house, try to give it to the child, simulating a sale or donation. It is considered an asset uprising. It would be a fraud if the person who donates the house did not own reserve assets to answer for his debts. And, by the way, the son will respond to the father’s debts, says Rosales.

Ninth. Give unlimited power, for example, for the sale of housing. You should always limit yourself in time. Renewing it means about $70. And, also “you have to ask for and keep a simple copy to make it easier to revoke,” advises Rosales.

Tenth. Rent a property without taking precautions on the solvency of tenants. “The rent is protected by article 6 of the Law on Urban Leases, which prevents any agreement that harms or is contrary to the law itself.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

It has been said on many occasions that sales are the main aspect that has the ability to move a company. But, what happens after a sale is made? No doubt at some point after it is made, money goes into the company. The destination of that money usually falls into the hands of an accountant, who is the person who makes the records and allocates money that goes into other purposes such as paying bills, paying the payroll, investing in other items, etc.

The accountant is a professional that is almost always present in all companies, either because it is part of the payroll of employees or because it is hired as outsourcing to manage the company’s commitments, everything will depend on how big, or the type of company in question. The truth is that having an accountant that handles the money that comes in and that goes out is extremely necessary for any company, even if it is unpersonal, since some of its functions are specialized and a person who does not manage this area can make mistakes that cost money to the enterprise.

 

Among the main functions of an accountant, we have the following:

 

• It’s an accountant job to manage the payroll of employees and pay them periodically.
• Payment of taxes, which will diverge depending on the type of service offered by a certain specific company.
• A professional accountant will also prepare financial statements along with their results.
• Collaborate with the audit department or with the external audit company that manages that part of the company.
• Will also pay the outstanding accounts and the services of the company.
• Depending on the business area of accounts, will also take charge of charging the debtors.
• They will handle everything concerning a business or a person’s finance and banks which include loan payments, checking accounts, certificates and other similar stuff.

An accountant has a better vision of how to manage incoming money, is responsible for payment commitments, manages an agenda with them to avoid problems with those creditors who have very strict collection policies, such as, the General Directorate of Taxes Interns That is why having one that has experience and preferably a specialization can save a lot of money to companies, both large and small.

 

Advantages of hiring an accountant

 

Among the advantages of hiring an accounting professional, we can list the following:

 

• It avoids paying surcharges for delinquent, as much of taxes, as of loans and other credits that you have, since they manage an agenda of payments and verify that the interests paid are the most suitable.
• It’s an accountant job to distribute the availability of cash so that the payment commitments to creditors and suppliers can be assumed in a balanced way and allowing the accounts to remain healthy.
• A profession accountant will be in charge of distributing the payment of the personnel of the company and of making the deductions by law in a fast and correct way.
• They will make sure that all money/ financial operations are handled properly and that there are controls that prevent the misappropriation of funds and theft by employees.
• They will help a person in keeping clear accounts of the assets of their company.
• A person can concentrate on other things while having the assurance that an expert/ accounting professional in money management and finance handles their money/ finances that goes in and out of the company.

 

Even if a person is an independent professional who does not have employees or anyone working for them, they will still need an accounting professional or an expert bookkeeper to guide them to make the right decisions with money management and payments and of course. Doing this will help a person with a real and efficient tax declaration to avoid pain of head in a future.

 

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

Are you looking to finance the new furniture for your offices, or do you want to move your business to a larger location? When we need to face new projects or acquisitions that require an investment, there are several options. What is the most appropriate alternative? Renting and leasing are two of the best ways for freelancers and SMEs looking for a comfortable and functional property financing.

What Are Renting and Leasing?

Renting for goods of fast obsolescence

The renting occurs when a company makes the contract to rent a good with another leasing company. It is usually a furniture type, more specifically cars or computer equipment. Its duration usually exceeds the year, but it is not usually longer than 5. As most rental methods are characterized by charging a fixed fee that is usually monthly.

The landlord takes care of the expenses, reviews, and repairs of the property. The advantage is the possibility of deducting all the expense and VAT by reflecting them in the profit and loss account. That’s why it’s a good option for freelancers.

The duration of the contract must not exceed the useful life of the asset since it will become obsolete in less than 5 years if it is a technological good or a vehicle.

The indemnities should be taken into account in case of breaking the contract.

It is reflected in the Profit and Loss account, as an expense.

Many times, it does not give a purchase option.

As they include all the services, sometimes the quotas of a “renting” are noticeably higher than in other types of financing. Like “leasing,” its main advantage is the tax benefits for companies and freelancers since the monthly installments are fully accounted for as expenses. Individuals do not obtain tax advantages.

Leasing, Rent with Option To Purchase.

At the time of acquiring fixed assets for a company, an important economic investment is required since they are high-cost goods. Therefore, there are alternatives such as leasing. It is a leasing company that gives the lessee company real or personal property in exchange for a periodic rent.

It is ideal for entrepreneurs, startups, and SMEs with little initial capital. This usually consists of the amount of the partial amortization of the asset and the financial costs of the operation.

In general, these are long-term processes that involve a final purchase by the customer.

Operative Leasing

In this case, the lessor is not a financial entity but a manufacturer or distributor that rents one of their current assets to a company. This will have to face all maintenance and repair costs since there is usually no option to final purchase. The average period of duration is usually in the medium term, between 1 and 3 years.

It is very similar to renting and can be ideal for companies that must have the latest technology in their equipment. It is also very useful in means of transport without worrying about repairs or technical issues.

When considered a rental, administration costs and corporate taxes are reduced. In addition, it does not amortize the residual value.

An example would be a distribution and distribution company, which offers its employees a means of transportation to work. The tenant wants goods, cars or motorcycles, modern and making a purchase his obsolescence will be very fast. Therefore, it will opt for an operating lease with good lease conditions and a future possibility of buying the property.

Financial Leasing

It deals with the financing of 100% of a good with the right to final purchase. In this case, an entrance fee is not paid, although there are commissions. It is usually used with movable assets (furniture or machinery) or real estate (premises or facilities) a minimum of 2 and 10 years respectively. The purchase option is mandatory, but the lessee may decide not to carry it out if he wishes. The residual value to acquire the property is usually 15% in real estate and a fee in the case of movable property.

It allows a more accelerated amortization than usual. If the client wishes to advance the payments, this point is foreseen in the contract. Therefore, it would obtain a reduction in the quotas and a lower financial cost.

It is accounted for in the asset at a price agreed in the contract and is amortized according to its useful life. The cost of the principal associated with the asset will also be accounted for in the liabilities. As these are fully deductible interests, the amounts paid and interest will be included in the income statement during the year.

Types of Financial Leasing

According to the characteristics of the property, the type of landlord and the procedure that is carried out.

• Direct: the client asks for a good from the leasing company, and it acquires it from one of its suppliers. And finally, the operation of financing the good with your client / company will be carried out.
• Indirect: in this case, the initial relationship is established between the client (future tenant) and the supplier of the asset. Once this operation is established, the client goes to the financial entity in search of financing. Finally, the financial entity will buy the property and then rent it to the client.
• Lease-back or retro leasing: it is a two-part leasing operation. The owner of property contacts a leasing entity and agrees to sell a property. Then a financial leasing contract is signed to recover the ownership of this property.

Main Differences Between Both:

LEASING	RENTING
The contract for the acquisition of a good. It does not include some services such as insurance, repairs, maintenance, … It appears as a debt in the liabilities of society. In the case of movable property, the contract requires a minimum duration of 2 years and if it is a 10-year property. Obligatory contract insurance that can cover the costs of repairs and maintenance.	A good is used without getting involved in the purchase. Everything necessary for its operation is included in the rental contract. It does not appear in the accounting balance. There is no minimum duration, and it is flexible in terms of terms The leasing company has all the costs of repairs, insurance, and maintenance.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

A loan means trust that allows one party to present resources to the other party, where this second party does not immediately reimburse resources to the first party (thus generating a debt), but instead becomes obligated to repay or return the provided resources (or other materials of equal value) at a later date. The resources provided can be financial (for example, providing a cash loan), or they can consist of goods or services (for example, consumer lending). A loan is any form of deferred payment. The loan is distributed by a lender to a debtor, also known as a borrower.

A business loan is used by business owners to create funds for the business. These loans can be obtained by sole proprietorship, corporations, firms or other commercial companies. Commercial loans can be obtained by individuals if the funds are used for commercial, industrial or professional purposes. These loans cannot be used for personal needs. They are available through private lenders and financial institutions.

There are benefits and limitations in each type of loan, as well as situations in which one is more convenient than the other.

1. Secured loans

Because of the collateral, there’s less risk to the financial institution of lending an individual money, and there are many benefits to secured loans. Depending on the collateral, an individual may get a lower interest rate, the ability to borrow more money, and more time to repay the loan with a secured loan than with an unsecured loan. However, with a secured loan, the process of attaining the loan may take longer since the bank needs to verify the value of the individual’s collateral, which means more time and more paperwork.

2. Unsecured loans

Unsecured loans offer a way to quickly and conveniently gain access to money so a business owner can consolidate higher interest credit cards or fund a long-awaited vacation. Lending loan to businesses is based on unsecured lending decisions solely on creditworthiness and capacity to repay, so these decisions tend to be made quicker and with less paperwork than secured loans.

Because unsecured personal loans have no collateral to secure them and therefore pose a greater risk to the loan, unsecured loans tend to have lower credit limits, shorter terms of repayment, and higher interest rates.

3. Single payments

A one-time loan is a loan that requires a single payment of the total amount borrowed, including applicable interest, over the term of the loan. In that case, the person requesting the loan does not have to make monthly payments. This method is convenient since it gives a lot of flexibility to the budget of the person requesting the loan. It also allows the lender to focus solely on the final payment. However, it can also cause the person not to be able to pay at the end of the loan period due to not being sufficiently prepared, and cause financial inconvenience.

4. Payments by installments

A loan by installments is a loan that requires several payments based on an established payment scheme. This allows the lender to be aware of the amount to be paid, but these loans can be a bit problematic if they have high-interest rates. The customer agrees to make payments in weekly installments or every two weeks until the purchase is paid in full. If the client does not make payments on time or cancels the installment payment plan,

In conclusion, commercial loans are made primarily by banks or alternative lenders to business owners to help them pay some extra expenses. There are several types of loans such as secured loans, unsecured loans, single payment loans or installment payments. Each of them has its advantages and disadvantages. Each person requesting the loan must take these factors into account when they are thinking of obtaining a commercial loan. Since these can help you, with a good plan and preparation, to avoid financial problems with your budget.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

KEY 1: Make a Budget

Like everything in life, the first thing is to make a plan. In this case, the plan is called a budget and consists of making two lists. In the first list, you put all the income you have each month, and in the other all the expenses.

Spend less: If you have to reduce expenses, the leisure section is usually the first injured, but there are more options. For example, perhaps you can find cheaper accommodations. Did someone say shared apartment?

Enter more: To supplement the money your parents give you, one option is to take a part-time job. See also all scholarship and study aid options.

 

KEY 2: Meet your Budget

Making a budget is easy, but respecting it is something else. You will have to resist the temptation to spend money on things that go beyond your budget however much you want.

At the beginning it is likely that the forecasts – especially the expenses – vary from what was expected. The important thing is to be aware of how much money you are spending each day, and to ensure that you do not exceed your income. It’s better to prevent than to cure!

 

KEY 3: Protect your Money

You will need somewhere to keep the money you receive until you spend it. The best place is the bank. The ideal is to have branches both where your parents live and where you are going to study.

When you open an account, the most convenient way to access your money is to get a debit card. It is possible that you can also ask for a credit card. It is important to understand the difference between the two.

Debit card:  When you pay with a debit card, or when you use it to withdraw money from an ATM, the amount is deducted immediately from your account. When your account is at zero, you cannot use the debit card.

Credit card: Credit cards allow you to continue buying even if you do not have money. When you buy, your account balance does not change because it is the bank that pays for you. This generates a debt with your bank that is usually settled at the end of each month. If there is not enough money in your account, you will pay high interest on that debt as long as it exists.

 

KEY 4: Organize!

Especially when you go out to study abroad, you will have periodic payments that you will have to remember: rent, electricity, telephone, etc. Some, like the telephone, you can auto-pay. That is, they will be deducted automatically from your bank account without you having to do anything. Others you will have to pay for ordering a bank transfer or paying the receipt at a bank branch.

It is very important to always pay on time. If you pay late or if you do not pay, it can damage your credit and make it harder for you to obtain credit cards, loans or mortgages in the future.

Enter the due dates of the different invoices in your calendar. Put the bills to pay in a folder in your file cabinet, and mark the due dates in your calendar so you do not forget.

 

 

KEY 5: Minimize your Expenses When you Can

 

1. See all the free activities offered by your city for young people (concerts at parties, visits to museums …) and organize your leisure time around them. Leisure activities is where you usually spend much of the budget.

 

2. Take advantage of all the discounts offered by the Youth Card for students and all offers for leisure. For example, go to the cinema on “Spectator’s Day”.

 

3. Buy at the cheapest supermarkets. Identical products usually have a very different price depending on the store where you buy it.

 

4. Second hand things. Think about what you need and you could buy secondhand. Many times you can get a textbook that costs you $54, for only $11 if you buy it used. It’s the same book, but it’s not new. For the money you save, it’s worth it!

 

5. Save on transportation. Spending on transportation is very important for students. One way to reduce it is to use the monthly subscription for students. You can also go buy a car and share your gas expenses with other students and many places walking or cycling!

 

6. Pay cash. You can better control what you spend if you take out money once a week and pay for everything in cash. So you can see exactly how much money you have left each week, and if you spend and spend everything, you just have to put up a few days before taking it out again.

 

7. Before buying something, ask yourself if you really need it. Many of the purchases we make are made on impulse. You see some super-cute glasses and they are at a 50% discount, they are a bargain! But you already have 5 sunglasses, do you really need them?

 

8. Make a list of what money you spend and on what. This way you will know where you put each penny and where to reduce expenses if you need it.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.