A higher NIM suggests that the bank is effectively generating income from its loans and investments while keeping its funding costs low, which usually leads to better profitability. Income statements are important because they show the overall profitability of a...
It helps diversify the bank’s revenue, which means the bank doesn’t have to rely solely on interest income. This is especially helpful when interest rates are low, making it harder to earn money from loans. Loans to customers are considered assets because this is the...
Artificial Intelligence (AI) is changing the way we work, bringing both positives and what is a variable cost per unit challenges. On the upside, it boosts efficiency by automating tasks and helps us make better decisions with quick data analysis. Jobs might shift due...
A common misconception is that QuickBooks Online lacks the customization power of the Desktop version. While Desktop offers more extensive customization, especially for 8 small business tax deductions for 2020 complex projects (Fit Small Business), Online still...
The dashboard does an excellent job dividing all accounting aspects into a flowchart type of view, while the sidebar provides quick access to a list of features. That said, it can feel overwhelming and confusing if you don't have prior accounting knowledge. All you...