Bookkeeping and accountancy both deal with the wellbeing of your business. With the help of a bookkeeper and an accountant you will know the financial condition of your business. So what is the difference between the two? Can a bookkeeper perform accounting work? Does an Account perform bookkeeping duties?
In most cases a bookkeeper will record the financial transactions of the business. All incoming and outgoing moneys will be recorded in a journal or in a software program. Nowadays the transactions are usually recorded in software programs instead of written in a book. The bookkeeper will use single entry or double entry to record and make sure everything balances.
The accountant will take the records of the bookkeeper and make up financial statements that will show where the money is being spent and where the money is coming in. Read more…
23 Jun
Posted by Allison Thomas as Corporate Finance
Macquarie Life’s annual inforce premiums have exceeded $100 million for the first time.
The insurer started operations four years ago and now has more than 44,000 clients with approximately 3000 advisers having its products on their approved lists.
Head of Macquarie Life Justin Delaney says the milestone was achieved through commitment to service and innovative products.
“The business has evolved from being a single-product provider to a multi-product and service provider,” he said.
“We have gained recognition in the industry for being the first to bring a new category of insurance cover to the Australian market, through Active.”
The Active product was launched a year ago and created a new category of insurance by rolling life, total and permanent disability, income and trauma cover into one policy.
Mr Delaney says Macquarie Life is still a newcomer to the Australian market and he’s pleased to have achieved $100 million of premium inflows in such a short space of time.
“We may not be the longest established brand in insurance, [but] it is through the support of the advisers we work with that we have been able to reach this latest milestone.”
In an opinion piece published in Friday’s edition of the Financial Times newspaper, Wen wrote he was “confident price rises will be firmly under control this year,” and that China is “fully capable of sustaining steady and fast economic growth.”
Wen’s remarks came as he kicks off a visit to debt-stricken Europe and is a timely response to investor worries that China, in its struggle to tame near three-year high inflation, could over-tighten monetary policy at the expense of economic growth.
“There is concern as to whether China can rein in inflation and sustain its rapid development,” Wen wrote. “My answer is an emphatic yes.”
“China has made capping price rises the priority of macroeconomic regulation and introduced a host of targeted policies. These have worked
23 Jun
Posted by Allison Thomas as Corporate Finance
Your purchase decision on almost all products and services, either for yourself or for your family, probably centers on whether it can suit the immediate needs and stipulations. And wherever feasible, you want to purchase it at a far more attractive price as compared to what others are usually getting because it simply makes you feel much superior. You feel a feeling of accomplishment as well as satisfaction that youve managed to save a considerable sum of money on the household expense.
The exact same basic principle is also applicable to automobile insurance. Where vehicle insurance policies are concerned, you want to use your best judgment in determining the car insurance policy that you require.
On top of that, you also want to ensure that you find at the very least several auto insurance quotes from various organizations for comparison purpose.
23 Jun
Posted by Allison Thomas as Corporate Finance
The Industrial Technology Research Institute , honored for the fourth time in a row, is recognized for two of its environmentally friendly inventions, the i2R e-paper and the HyTAC LCD optical film , while the Institute for Information Industry is honored for its development of the “cloud-based intelligent energy management technology” . This is the first time III has been given the recognition. Taiwan Textile Research Institute , also a first time honoree, is commended for its “all-foldable fabric ultracapacitor.”
Editors of R&D Magazine and a panel of judges select top high technology innovations of the year for the awards, referred to as “the Oscars of Invention” by The Chicago Tribune newspaper. The compani