article thumbnail

Operating Lease Accounting

Wall Street Mojo

Operating Lease Accounting Definition Operating Lease Accounting refers to the accounting methodology used for leasing agreements where the lessor retains the ownership of the leased asset. At the same time, the lessee utilizes the asset for an agreed period, known as the lease term.

article thumbnail

Zero Balance Current Account: A Quick Explainer

Razorpay

Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fortifying Utility and Bill Payments: Key Strategies to Prevent Fraud

Razorpay

In today’s digital landscape, the rise of online transactions has unfortunately been accompanied by an increase in fraudulent activities, particularly in sectors such as utilities and recharges. This involves collecting government-verified documents such as Aadhaar, PAN, or utility bills from customers to confirm their identities.

article thumbnail

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.

article thumbnail

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.

article thumbnail

Should I enable two-factor authentication?

FineMark

By utilizing 2FA, you add an additional layer of protection, making it much more difficult for hackers to gain unauthorized access to your accounts. This combination significantly reduces the risk of unauthorized account access. Once you enter this code, you can successfully log into your account.

article thumbnail

Trial Balance

Wall Street Mojo

Trial Balance Meaning Trial Balance is the report of accounting in which ending balances of a different general ledger of the company are and is presented into the debit/credit column as per their balances, where debit amounts are listed on the debit column, and credit amounts are listed on the credit column.