Month: July 2019

If you are used to organizing company income and expenses in Excel spreadsheets, it is interesting to know that there are much simpler and more practical, and safer ways.

By betting on the routine use of financial management applications, for example, you gain more mobility and agility in the financial management process, freeing up time to devote to other equally important areas for business success.

Listed below are applications and managers that enable you to keep your business finances up to date, always organized. Control company numbers from your computer or smartphone! Follow and know its main features:

ZeroPaper

Available for iOS and Android, ZeroPaper is one of the most widely used managers for small and medium business managers. Among its main features, which are presented in a totally simple and intuitive interface, it is worth mentioning the possibility of attaching payment receipts to suppliers. This makes the process of reconciling launches much easier.

Protected by SSL encryption, financial data can be accessed from both the web version and mobile devices. Entering information is also very simple and allows synchronization with bank accounts.

My Savings

While offering financial control, Minhas Economias also provides links that promote financial education.

It is possible to analyze and track not only the amount available, but also how much has been spent and the next amount to be credited to the account, a great way to get organized and not miss any past or future postings.

My Savings is available for Android and iOS mobile devices.

Pocket Guide

Available for Android and iOS, Pocket Guide is a 100% automatic financial manager with one big advantage: without the need for bank passwords, just a view password, you sync your bank account and have real-time access to everyone. the debit and credit postings.

Despite being automatic, the application is highly customizable: it is possible to modify categories and create labels that facilitate the organization. Another interesting tool is the ability to create goals in each category. By tracking the data, you can identify the excess expenses that need to be reduced.

Knowing clearly what is the difference between credit and debit cards will free you from many inconveniences. So you can avoid penalties by your bank and the generation of unexpected debts.

A credit card looks very similar to a debit card and both are instruments that allow you to disburse. But there the similarities end because, in fact, they are two very different payment instruments.

In the next lines, you can see the main differences between credit and debit cards.

According to the payment method

When you cancel with your debit card, the amount is debited from the bank account you have associated. It means that if you went to the bank, you would withdraw cash from your account and then, with it, cancel the purchase. The maximum amount of the acquisition with this instrument is given by the number of funds available in your account.

On the other hand, if you use a credit card as a payment instrument, what happens is different. The bank instantly grants you a loan so that you acquire the good or service of your interest. You can see it as the bank that pays the seller, using a credit she gives you. This under the commitment that credit said solvent plus interest rates, within a certain period of time.

Then, when you cancel with a debit card you don't generate debts, but you consume the funds from your bank accounts. The opposite is true with the credit card: you generate a debt but keep those funds intact. This is perhaps the main difference between credit and debit cards.

According to the possibility of financing

This difference is derived from the above, only with the credit card is it possible to finance purchases. That is when you buy with a debit card you don't get any financing since you use your own money.

Understanding this difference is important if you have in your plans to request some type of financing in the future. If you give proper use to your credit cards, canceling on time, you will be forming a good credit history. In contrast, the use of the debit card does not forge such a history.

According to the costs of use

Every credit card generates usage costs, in the form of interest payments or commissions for cash withdrawal. And even, with some of them, up to annual maintenance or renewal fees. All this means that this payment instrument should be handled with extreme care, avoiding falling into unproductive indebtedness.

On the other hand, a debit card will not generate high usage costs, since it will not produce interest. You may have to pay commissions if you withdraw cash, in case you use a bank other than yours. But these are generally extremely low.

Black Friday, Cyber ​​Monday, Hot Sale and Amazon Prime Day, are anglicisms that share the same category: they are offers when shopping online. This is an activity that has gradually modified the traditional way of acquisition in consumers.

Currently, all products can be purchased through this channel, as different platforms adapt to lifestyles. Some Colombian businesses such as Marquero provide essential products, for example, Paffi makes homes, Clothes Republic purchases clothes and technology and Pancks makes loans online.

Internet loans to buy what you need

During 2017, a record of sales of 5,000 million dollars in 24 hours in the United States was calculated, this represented an increase of 16.9% in dollars spent online compared to the holiday in 2016, according to Adobe Digital statistics Insights, an entity that tracks 80% of online spending on the top 100 retail websites in North America.

Colombia is not far behind, since the figures of the Colombian Chamber of Electronic Commerce (CCCE) indicate that the country has increased the use of this type of Internet purchases thanks to more than 87 million transactions were made and evaluated in $ 51.2 billion pesos during 2017.

In turn, Cyber ​​Monday was famous in different regions of the country, Bogotá, Medellín, Cali and Barranquilla led the list of purchases this 2018 with 1.2 million visits to the site represented in 90.36% more than cyberlunes of the previous year. This indicates that Colombians are migrating to these types of purchases in categories such as technology with 18%, fashion with 16%, trips with 15%, cell phones and tablets with 13%, home with 8% among others.

Is it safe to buy online?

These types of purchases have multiple benefits. However, the arrival of the requested products may take time and becomes a disadvantage for this alternative. For this, there are solutions such as the free investment online credits offered by Pancks; that at the fifteen minute range it responds to your loan application to expedite and facilitate users' purchasing decisions.

Additionally, Amazon, a global Internet sales giant that is headquartered in the United States, recently announced its arrival in the national territory during the month of July, with the sale of gadgets, kitchen products or decoration. It also projects short-term goals to have innovation and service offerings.

These figures reveal confidence and security in these types of transactions. However, it is important to clarify that in online purchases there are risks as well as face-to-face ones for multiple circumstances. One of them is that the delivery time and product quality are not as expected and there are problems related to the type of payment.

At this point, online shopping can become a headache since there are security flaws. Therefore, when buying online it is important to have a good antivirus in the first place, it is also advisable to visit trusted pages, make use of intuition regarding offers from other countries and constantly change the password.

Additionally, for pioneer brands in the e-commerce business, it is important to choose name portals that allow for successful progress in the purchase process. In the case of MercadoPago de Clothes Republic, it is possible to return 100% of the purchase in case of not receiving the product purchased with the agreed conditions.

It is also important that when buying on the Internet

The opinions of other consumers who have previously purchased the services are visualized to make a better decision. On the Internet it is possible to find comments and ratings to facilitate the decision of what to buy, who to do it with and under what conditions. You can even decide whether to buy from physical stores, from users or directly from brands that open commercial windows within an electronic commerce platform.

Finally, Financialsave is an alternative that benefits from this type of purchase with promotions of 60% in different sectors, valid during this week. Regardless of the nature of the business, it is possible to make a loan application with Pancks and make purchases directly from the portals.