How to Forecast Balance Sheets and Income Statements in Financial Planning?

by Cheqly team | | Financial Forecasting

Financial forecasting is a process used by small businesses to project their future financial performance by evaluating historical data. One of the key financial statements for small business accounting is a balance sheet, sometimes known as the statement of financial position. Businesses need a balance sheet forecast because it shows them what assets and liabilities … Continued

What Is a Contactless Payment? How Does It Work?

by Cheqly team | | Contactless Payments

Contactless payment is one of the buzzwords that’s important to understand. Contactless payment technology has the potential to significantly speed up and simplify transactions since it operates through your mobile device. Unlike EMV payments, contactless payments offer higher security than card payments. Magstripe cards are quite outdated, as they store static information linked to your … Continued

Electronic Payment Systems: Your Comprehensive Guide

by Cheqly team | | Electronic Payment Systems

Electronic payment for purchases has become the standard. Nearly nine out of ten Americans use a digital payment method, with 62% using more than two forms of digital payment, according to a 2022 McKinsey report. Tasks that were previously done on paper, such as sending and receiving money, are now primarily completed digitally. Small business … Continued

How to Keep Your Information Secure While Banking Online?

by Cheqly team | | Online Banking , Security

Consumers who use online banking can view their financial information instantly. Online banking is excellent for everything from long-term financial planning to handling emergencies because of its convenience and ease of information access. Some banks are only available online, but most traditional banks have physical locations and provide digital banking services. Even though online portals … Continued

What is Business to Business ACH and How Does it Work?

by Cheqly team | | ACH , B2B

The Automated Clearing House Network (ACH) facilitates the electronic transfer of money from one business to another. Businesses can use ACH to make and request payments for services. Compared to more traditional payment methods, it is seen as a superior and simpler approach for service payment. Further, let’s understand more about ACH Payments and how … Continued

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