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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.

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Cost Accounting: Meaning, Types & Examples

Razorpay

What is Cost Accounting Cost accounting is a form of managerial accounting that analyses how much money is being used in production. The objective of cost accounting is to provide management with information that can be used for decision-making, cost control, and performance evaluation.

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What is Accounts Payable (AP)

Razorpay

Accounts Payable Meaning Accounts payables refer to the money that a business owes to its vendors in the short term. Accounts payables are listed on a business’s balance sheet as a short-term or current liability. Managing accounts payables is very important to the financial health of the business.

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What are Corporate Accounts? Meaning, Benefits & Types

Razorpay

A business owner must keep the funds intended for the business separate from their personal finances. What is Corporate Account? A corporate account is a bank account one can open in the name of a business. Read on to learn the vital details associated with a corporate bank account. Explore RazorpayX 2.

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Grace Period: What Is It and How Does It Work?

Razorpay

A grace period is the time after the due date of an obligation, typically a loan or insurance contract, during which payment can still be made without penalty. A grace period gives a borrower or insurance customer time to make a delayed payment even beyond the due date without late fees, penalties or cancellation of the contract or loan.

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Selling an Insurance Agency Book of Business

Sica Fletcher

The following article details the process of selling an insurance agency book of business in 2024, including deviations from the process of selling an agency, the valuation process, and common payout structures. Selling an insurance agency book of business has a few advantages over selling the agency in total. Why Sell Just the Book?

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What is a Neobank? Everything you should know

Razorpay

Fintech is the future of finance, and neobanking is the future of fintech. Before we dive into whether neobanks are better than legacy finance, do we know what neobanks are? Ease of Use The process of opening an account at a traditional bank is long and frustrating. The account is ready to use in a matter of minutes.

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