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What are Corporate Accounts? Meaning, Benefits & Types

Razorpay

What is Corporate Account? A corporate account is a bank account one can open in the name of a business. It is used to facilitate transactions, receive income, and store funds. Every small business that is required to pay tax should have a corporate bank account for business banking and its numerous benefits.

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Checking Account – Meaning & How Does it Work?

Razorpay

While savings accounts have limits on how many transactions and deposits the account holder can make in a day, checking accounts do not have this limit – making them very useful to businesses, due to the volume of transactions that businesses engage in daily. A founder can open a checking account offline and online.

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What is Banking?

Razorpay

A bank is any financial institution that helps people and businesses store, invest and borrow money. Corporate Finance Management Special kinds of banks called investment banks help businesses with complex financial transactions like mergers and acquisitions or IPOs. What is Banking?

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Demystifying International Payments: A Comprehensive Guide

Razorpay

Whether you’re an entrepreneur running a small e-commerce store or a multinational corporation engaging in large-scale global transactions, understanding the intricacies of international payments is essential. With currency coverage, a range of currencies are offered and supported by a payment service provider or financial institution.

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What is the SWIFT Banking System? (Definition, Benefits, Challenges)

Peak Frameworks

With numerous currencies and no standardized transaction method, international financial transactions were a logistical nightmare. Example: Large corporations might use SWIFTNet's FIN to initiate multi-million dollar trade settlements, ensuring that transaction details are both secure and standardized.

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Statement of Cash Flow

Wall Street Mojo

Thus, it accounts for a company’s financial standing and reveals the corporate efficiency in managing its cash and liquidity position. It helps identify the availability of liquid funds with the organization in a particular accounting period. Since cash provides liquidity, it is decisive for the survival of a business.

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How to Cancel NACH Mandate? – All About eNACH Cancellation

Razorpay

The e-NACH represents the digital version of NACH developed by the National Payments Corporation of India (NPCI). The system serves multiple purposes payments of subsidies, pensions, salaries, dividends, and regular consumer transactions such as bills, EMIs, and loan payments. How To Cancel e-mandates On NACH Platforms?