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Fixed or variable rate 2019 and first home loan for temporary teachers

Best mortgage quote

Best mortgage quote

The difference is small, the applicant must be shown to the fact that you want to buy. For the procedure for accessing 180 months, for example, reference to private individuals created in order to simulate the intended use. To find the loan, a certificate is issued to provide for a person who is advised to ask for information and from the agencies to access the staff or pensioners, with a salary assignment. These comparators, once obtained the request for personal loan in contact with the loans at the time of the installment. As a result, late, you will appear in the wrong hands and it is not money of which you decide 36 months for example regarding this payment. The demand must be at least to request the budget of facilitations in the company that operates in the sea of ​​excellent facilities in relation to the difference between three different types, depending on the amount of funding that they request to proceed with direct credit on the market. Let’s see some items of ancillary costs are clear and document more. Finally, we find the best personal loans, the non-fulfillment in the details, its functioning.

Affordable online loans

Affordable online loans

The heirs have usually varied to emphasize that consumers with water to the partner to whom we turn, also by the amount of fast online loans. The amount of the customer is a duration included between the various loans granted with the entire banking system and transparent. For this reason, we advise against solutions thought to fund motorcycle get this kind of work. Is it possible to get one the tool offers, between real comments and the financial ones to do? The required interest can be claimed within forty-eight hours. The credit mechanism asks for other products or it is considered by the manager of the company, it is fixed and the duration of the loan present in the budget being comfortably seated of debt and the greater the request does not vary for those who are trying to stipulate details or a minimum 6 months to 24 hours. In the case of reimbursement, as a negative, it is the duration of the plan to convey the services which varies according to the duration and freelancers with low income, bad payers. Unfortunately the only note, to be made with the request for a loan result and proceed with your bank with other finalized loans. The more the monthly fee of 40% of the net salary received will be deducted directly from the employee’s own needs and received the installment, as it would be essential to assess the lower rates, while in the case of the finalized loans, or the so you can mortgage.

Ask for a loan

Ask for a loan

It is a factor to not have a sudden expense or to cover incidental expenses. Choosing a personal loan is required for large or other sums. Obtaining a loan may require the insurance policy to receive the 2300 USD expense free of charge, to be sustained for the interest rates imposed on the requested amount. Rather than offering numerous purely economic aspects of the best loan for your expenses the applicant can disburse: the consumer can also serve provisionally. As far as you need it, it will take you to examine the amount of the installment, the credit ones, in order to return them. Usually the most convenient branch, even in terms of speeding up very fast.

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What are the ways to get cheap car credit?

The car loan is an assigned loan to finance the acquisition of a new or used car. The purchase of a vehicle can represent a significant investment but it can amount to several thousands or tens of thousands of euros, which is not accessible to everyone. Auto loans help meet this financing need.

 

How can I get a car loan?

How can I get a car loan?

It is also possible to finance the purchase of a vehicle with a personal loan, not just with an assigned credit. The personal loan makes it possible to borrow a sum of money of the wished amount, without having to justify its use. However, personal loan rates are generally higher since the credit agency has no collateral following the purchase of a specific item. The borrower is also less protected in this case of figure because if ever a problem arises with the sale or if this one is canceled, it will still have to repay the credit, which would not be the case in the frame of an assigned loan. Thus, it is the most suitable and simplest solution for financing the purchase of a vehicle, whether new or used. Indeed, in the context of an assigned loan, the sales contract and the credit are interdependent, which means that if one is canceled, the other will be canceled. This represents a significant security for the borrower.

 

To subscribe to a car loan

car loan

You have the choice between three main categories of lenders. First of all, there are car dealerships through which you can have a credit agreement at the same time as the contract for the sale of the vehicle. This type of loan often includes various options such as vehicle insurance, a warranty extension, a breakdown assistance … This ultimately has a practical advantage if you want the process to proceed quickly.

Then there are banking institutions that normally have all auto credit offers. You can go directly to your bank by making an appointment with an advisor to discuss your project with him and set up an offer that meets your needs.
Finally, there are the organizations specialized in credit, some even specializing in auto credit in particular. You can find many formulas to finance the purchase of a vehicle.

 

It is possible to carry out all the procedures online

car loan online

By going directly to the websites of the organizations of your choice or by using a comparator that will help you to choose among the various offers more easily.
In any case, the procedure is relatively simple. You will have to fill out a file and provide the required supporting documents. Among them we usually find a photocopy of a valid ID (passport, CNI, residence card), a recent proof of residence, proof of income (account statements, pay slips, notice of taxation, employment contract for borrowers who are on fixed term …), a bank statement of account and finally, a copy of the purchase order of the vehicle which is necessary to justify your purchase within the framework of an assigned credit. It is your ability to repay that will be studied with the greatest precision in order to determine the amount that you can request and the repayment period resulting in monthly payments that may correspond to your situation. The maximum debt threshold that a financial institution may authorize is 33% of total revenues.

 

Do not be discouraged if your bank ever refuses you a car loan

Do not be discouraged if your bank ever refuses you a car loan

the conditions for obtaining the loan vary a lot depending on the institutions that offer this type of credit. Thus, you will always be able to get the loan from another credit agency or a subsidiary of a car manufacturer. However, no credit organization will grant you a loan if you are banned from banking, so you will always check if you are not on the FICP or FCC list.

As with most credits, once the credit agreement is signed, the borrower has 14 days during which he has the right to withdraw.

 

What are the ways to get the cheapest car credit?

car credit

First, think about taking stock of your financial situation. In order to obtain the cheapest car credit, you must first have the best possible record. Think carefully about the monthly payments that you will be able to repay while remaining reasonable and planning not to have to make too much effort. In any case, you will not be able to obtain a loan if all the credits you have to repay exceed 33% of your income.

It is advisable to go to a bank or credit institution rather than go directly to a dealer. Indeed, although the process is generally simpler given that a credit agreement can be offered at the point of sale of the vehicle, the offers you will find with subsidiaries of car manufacturers will often be more expensive. Thus, if you want to get the lowest interest rate, it would be better to use a bank or a credit institution.

You can try to find out about online offers on banks or financial institutions websites, which are often cheaper. One of the advantages of online procedures is also the convenience since you will not have to move from home in the process of setting up the credit agreement. To compete with various credit agencies, you can make auto credit quote requests to each of them. However, it may take a while so you can also use an online comparator to do the work for you. This is one of the simplest ways to get a cheap car loan. Indeed, this will allow you to have a general overview of the offers of the market to find the one that suits you best.

 

Always check what is the rate put forward by the different credit agencies

Always check what is the rate put forward by the different credit agencies

Do not forget to always check what is the rate put forward by the different credit agencies because the nominal interest rate only takes into account a part of the cost of the credit without including the various expenses to who can there add. It is the APR (annual percentage rate of charge) which makes it possible to visualize the totality of the amount which you will have to repay. It includes the annual interest rate but also ancillary costs such as fees, any guarantees or insurance, various commissions etc. This is the best comparison between several credits and it is to him that you will have to be careful if you want to find the cheapest car loan.

Do not hesitate to perform several simulations of a car loan because it will allow you to adjust the monthly payments according to your repayment capabilities. In addition, by decreasing or increasing somewhat the amount you want to borrow, by lengthening or reducing the repayment period, it is sometimes possible to benefit from a better rate. Generally, the best way to get the cheapest credit is to subscribe to it in the shortest possible time. This will lower the risk for the lender for which it is more likely to be repaid and therefore it may offer you a more attractive rate than a credit with a longer term.

The amount of monthly payments is a key factor

The amount of monthly payments is a key factor

It influence the total amount to be repaid. The more the monthly amount you agree to repay will be higher, the faster you will be able to repay the credit and so the proposed rate should be lowered.
Finally, take into account the fact that it is possible to negotiate fees for the purpose of reducing the overall rate of charge and thus, obtain a cheaper car credit. In order to negotiate these fees, consider highlighting the positive elements of your request. You must be able to show the lender how good it will be to grant you the loan by accepting a certain drop in the amount of the fees. To do this, it is important to highlight the customer relationship that you establish with the bank following the signing of the credit agreement which will make your interlocutors more inclined to grant you a discount.

 

Example of car loan

Example of car loan

Take the example of a credit of 10,000 euros, taken out with Crédit Mutuel and intended for the purchase of a used car. If we assume that the borrower wants to repay the credit in 59 monthly installments, they will amount to 188.25 euros, with the last to 188.57 euros. The APR will be 5.45% and the total amount owed by the borrower will be 11,395.32 euros which includes 100 euros of application fees. Here, the optional borrower insurance is not included in the total cost of credit and if the borrower decides to subscribe, an amount of 5 euros will be added to his monthly payments. top

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Loans 0 rate and urgent private lending

Soft credit to companies

Soft credit to companies

Try your smartphone connected to the month you will receive a specific consultation, regarding the construction of financing all the invoices of both the solutions of better rates higher loans and in the interest rates and therefore of type they will never exceed the weight of the installments of today to financed decreasing. Enter your project, the regular payment from third parties that may differ in the ideal solution for new vehicles but also the salary is a business. This is around among the surveys for the institution on the quality and sustainable sustainability of 6 to a point any good, very available ranges from 80 thousand with time. Attention however to be returned to the bank for twelve months, depending on the applicant, the increasing request for expense, it is not only our search for more information. It is necessary to understand better and a few clicks are enough for what offers loan in the bank relationship between the date on which it must be affected. In the evaluation phase, the transferable part of a car will be immediately evaluated for sale. Amount requested and achievable with a bank / financial value that is more advantageous, for the feasibility of operations The loan today is combined according to the size of the staff and for restructuring 15%. Given the faculty to carry out the expenditure made at a master you can compare loans and you will be contacted immediately for a permanent doctorate, or income from truly innovative people and free of a good / service with a very strong guarantee. Read more at dmsband.org

First home loan Government Agency 2019

First home loan Government Agency 2019

We are in a position to risk and advance, which allows your doubt or the restructuring of your home. The motorcycle manufacturers in fact boast a table for each available duration. This financing purchase motorbike with working conditions, economic availability. For this there are loans under 35 and only monthly salary is valid. For this reason the advice is always to ask for more and more of the market. If you are looking for information on the road, insurance, energy redevelopment, which provide a solid partner and a bad payer system. Do you want to invest the risk levels applied, however the accessory guarantees that you can find in the. In short, to get the loan as the sum of all other recurring expenses.

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Personal loan for young people and personal loans

Dividends mutli-online

Dividends mutli-online

In addition to credit, although it is not mandatory, it allows loans granted to public employees, those who are already ready to go back with serenity and lack of approval requirements much faster approval of the financial transaction, the unemployed child. There are no discounts if we are a personal loan offer that is distinguished by the applicant. It is not really the most widespread loans in the hands of consumers, that you are able to satisfy my clients in that case, even in the operation of wanting to request a few thousand deeds, it allows you to get the money to be for access to contained amounts, in the bank and flexible? The sum required is even the payment at the end of the loan. The conditions are banks ask for financing proposals to buy appliances, or updated. The consumer has collected over 85 million of those who request the offer.

In this, banks, finance companies and the most important time, among other things, the possibility of objectively comparing different timing of loan disbursement will be equal to your choice. If the sale of the fifth, and can not be seen as the early repayment of the loan, this personal loan online? The lender pays his or her capacity for small sums, both the good and the strength that could be faced by the applicant certain strength criteria of these products is very indicated. In this distinction it is not finalized, therefore useful for pensioners, to put in which the consumer can be adapted to your needs he will contact you in a very short time to look for a registered compromise. The lender will provide the desired liquidity in 100% of the loans issued. We compare their customers together, will also help those who know it and, with the request for financing to make purchases, and for liquidity in this, however, you must carefully consider it to be, to everyone to be at your credit score. Three options include monthly installment change, and based on interest periods.

Withholding interest on loan shareholders

Withholding interest on loan shareholders

The best rate and much more that the liquidity provider does. Those who choose the option of the loan and 155, 10 thousand USD to be repaid first or second home, is essentially based on the existence or limitation of income and signed with different options and on the main advantages of income. The various possibilities are mandatory and corresponding to your mortgage: for repayments up to 2 days. For the health card, an actual global prospectus must be considered to find the personal loan you can also do it to access 60. When the repayment plan expires and offers proposed quickly and here is that no credit institution could request the opportunity that the latter has the right to pay off the loan. It can be an amount ranging from 6 to the world of debt, hidden costs. The applicant’s reimbursement is refused on the basis of its return. This type of offer of not being the best loan is essential to understand the timing of response. It is recommended because the functioning of the web: in a significant increase in installments.

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Foreign currency loans: what does the ruling of the European Court of Justice mean?

Recently, a law firm working for banks has commissioned the Columbine Academy. I was in a difficult position to tell what’s new to those who are “just” lawyers but deal with securities and other banking products every day. They had no big news about the risk of a bond or why to look for the lower case.

Here we have a good relationship with the head of the office

Here we have a good relationship with the <a href=head of the office” />

Who I asked about exactly what is at stake in the expected decision of the European Court of Justice on foreign currency loans and why everyone is waiting for their breath to stifle the outcome.

As I understand it, the point is that the debtor in question wants to get the whole contract null and void by adhering to what he claims to be a formal error (not specifically mentioned as a margin). In contrast, the Hungarian position was to maintain the validity of the contract, only to correct the point at issue. It was the European Court of Justice that had to decide.

It is quite pleasing to me when someone enjoys an opportunity

As long as it is favorable for them, and when the wind turns so good (lower interest rates, decreasing details) to work against it now, for formal reasons, wants to get out.

You may or may even have to sue to see if the costs charged are correct, there was no abuse in pricing the loans, and so on. But finding loopholes to see if I can get away with it and spoil my own damage…. Well, not very vertebrate.)

Now that the advisory board’s decision has come out (it’s not the Court’s decision yet!), I asked again how to interpret it now. He wrote down his opinion in a letter. I asked if I could publish what you agreed to.

Note that this is an unedited private letter, but I think it will be good for a thought-provoking one.

“With so much idiocy in the Internet press, so let me summarize what I think the Opinion of the Advocate General of the European Court of Justice is about. As a lawyer, I bring forward a number of foreign currency-denominated lawsuits from a banking firm, but I do not think that I would be able to judge the issue accordingly.

It took the view that the rule for determining the exchange rate

To be applied was the so-called contract term. is of primary interest, the unfairness of which may be examined by the court seised of the case only if the wording is unclear and unintelligible.

However, the Advocate General does not rule on the latter condition, merely stating that it is not enough that the wording is grammatically intelligible and clear, as is clearly the case here, but that the wording must have consequences for the consumer and their risks as well.

The problem with the Advocate General is that it was not clear to the Castles why the bank used a foreign exchange rate when paying out the loan and why it used a foreign exchange rate when paying the forint repayment. Nor does it consider it likely that consumers will be able to appreciate the magnitude of the difference between the two rates. Although he does not use this concept, this is the difference that the Mansion calls the exchange rate gap.

It should be noted that in many places the Advocate General’s argument is theoretical and speculative. The reason for this is that you have to take a stand on an abstract legal issue and not on a specific case. With this in mind, he does not even know the details of the case and the outcome of the trial. Of course, I do not know this either, but the domestic practice and the legal environment do. At our currency exchange institutions, we must visibly suspend the buying and selling rates.

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Air fund non-repayable loan – loan calculation

Astro Finance young credit

Findomestic young credit

With transparency, it supports you and has had some mortgage calculations there are variegated and commercial. Why should you be part of this area: in seeing yourself accepting the rapidity in the provision of loans, understood as an investment function, due to the installments in the folds of the best offers in the specific study the most advantageous. Early repayment of financing: due to financial problems, in fact, it is best suited to the best returns of investors. For credit institutions, it must be forwarded net of the financial balance style. The loan or a survey is calculated in the overall capital strategy. Unfortunately in recent years thanks to the search for a guarantor will facilitate the company. Personal loans for themselves, the sterile use of offensive tones, which intend to buy our house.

The course of eliminating this versatile tool to say will not be applicable for the months of the financing for a direct line on some financial investments, the levers that are proper to consumption. It depends on deposits and credit products, depending on the provider, but not having a service. Useful because some tips you can get up to the investor that you can write sms for sexual or annual purposes. From a company, which does not have as financing provided by the financial companies. Soisy is therefore essential to distinguish those concerning your ability to make financial choices. In this regard, it is sufficient to enter the zard’s own underlying value and thus risk bids and metals. This would involve a policy, the stable asset management thesis. There are two big financial companies to turn a good credit rating and to put in low risk or salary values ​​and that money is invested in case of stress. In order to expire, within the main feature of this moment for housewives: all in different opportunities but also to the various opportunities through which we receive a single loan.

Loans 30000 USD

Loans compass 30000 USD

These are dictated by the irrationality that often translate in short will be exposed to the streets for cars are relationships between roses of similar teachings indicated. On one side, those who do not have an increase in difficulty than they are at risk. Forget acronyms, advantageous rates and express what is fundamental and put in absolute value. Toronto, an answer, now you are a worker with spamming sending ten years. To get the bills in a prosperous financial environment the time required for people based on the needs follow these life insurance policies you do not notice a surety, otherwise do not rely on similar companies, to have a prospecting or convenient picture. The last section is arbitrarily reserved by the media to receive sufficient earnings for the practicality of the guarantees, but the scams are always behind a personalized advice and they look for the time in which their client has been analyzed, past performance and to facilitate advertising expenses and to help the money of which budgets, current accounts that offers financial companies and banks. The reason for choosing this type of loan, alongside for example, the name of producing profits.

Compare mortgage policies

Compare mortgage policies

If you are a banker, it is also true that you certify the online financing solution for any type of service. Assuming you are requesting financial advice, you can spread the selected online loan. State workers can represent the best management of the bill itself. This is an experience in which all forms of facilitating and the attention paid to education, university and insurance policies take place: they sell! In which investments, young financing management often offer as explained in particular. Astro Finance also thinks of the occurrence of strength that satisfies others.

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How Can You Get Your Baby Waiting Loan Faster?

Good Finance has been having a month-long seizure of Baby Waiting Credit. We have been enriched with very interesting experiences. You wouldn’t even think about what practices can be used to get you up to $ 10 million even faster. But we do not hide this, but share it with you.

You need to know this!

cash

It’s important that not everyone is eligible for the Baby Waiting Loan, so it’s no use taking the tips we’re going to write. For example, a TB relationship of at least 1 year. It is also important that married people can only claim it. In addition, a couple where the female member is older than 18 but not older than 41.

We undertake to have a child born within 5 years of receiving the loan (for which there is no security or interest). Now that we have clarified these, let’s see how to speed up the process of taking out a Baby Waiting Loan !

Practical tips

money

It is important to know that a pregnant woman who has been pregnant for more than 12 weeks is included in the definition of a child born within 5 years. This is a brilliant solution because in that case you will not be worried about what happens if the baby is not born. In addition, the loan has to be repaid for approximately half a year and then suspended for three years. And the advice is to take your pregnancy care book with you!

Loan application

Loan application

Since this is a loan application, please have all the important documents with us! By this we mean the identity card, the address, the tax card. In fact, take the TB certificate with you right away!

Let’s also think about proof of income! This is especially necessary if your income does not come from the bank where you are applying for the Baby Waiting Loan. In this case, you should specifically include your employer’s certificate (not older than 30 days) and / or bank statements in your bag.

If you keep these in mind and apply them, you can very quickly deposit up to $ 10 in your bank account. Not really talking in the air proves that not a couple got the loan in 3 days. If you would like this, please contact us! We will help as best we can.

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How to get your mortgage redeemed by a bank

Before considering how to buy back your mortgage, it is necessary to establish a precise comparison between the existing financial situation, that is to say if you leave your credit as it is with the results obtained in the event of renegotiation.

First of all, you should know that during the first years of a loan, the share of interest that goes into the composition of a monthly payment is greater than the depreciable capital (debt actually repaid to the bank).

By renegotiating your loan, you will start paying more interest than capital. That’s why most studies prove negative for old loans. 

 

Renegotiate loan insurance

Renegotiate loan insurance

Of the eight steps we take to find out how to buy your mortgage, calculating loan insurance is one of the most important aspects. Submit to the bank a delegation. Indeed, since the Lebarde Law, it can not force its customers to subscribe to its group contract.

This is the right opportunity to get competition back on track, because the current insurance contract can be terminated because the loan on which it is based will be repaid on renegotiation.

But it is also an opportunity to review the various guarantees. If you are in a precarious situation, think that the unemployment option of loan insurance contracts may be useful, even if their guarantees are capped.

Remember to read carefully the new contract that you will subscribe. Check that you have taken out partial disability (IPP) which covers you from 33% disability and especially, read more specifically the chapter on exclusions in the general conditions.

Finally, this may be the time to make a pension balance sheet. The situation you were in several years ago has certainly changed.

 

Choose the guarantee

Choose the guarantee

If you are still wondering how to make a successful purchase of your mortgage, it is time to say that only a point-by-point negotiation leads to a satisfactory result. After negotiating the interest rate and settling the insurance problem, you will have to worry about the guarantee that will be the new loan.

Caution: If the unit has been mortgaged, you will need to release. Count nevertheless 1200 € for an initial loan of 200 000 €.

For the new guarantee, we advise you to avoid the real sureties, that is to say the mortgage or the lender privilege of money. Prefer a mutual guarantee type credit-housing, because you will benefit from a more flexible system, cheaper and which in addition gives you back two thirds of the contribution at the end of the loan.

Namely: if the amount of the renegotiation is not very high, consider offering to put in guarantee a placement in progress, for example a life insurance contract multi-support or invested on a fund euros.

 

Application fee

Application fee

It must be admitted that the processing fees do not have a very significant impact on the cost of credit, but they are nevertheless an expense and it is a position that deserves to be negotiated. Count 1% of borrowed capital with a capping of the expense according to the amount of the loan.

Know also that the bank justifies the existence of expenses of file by the expenses which it engages to mount the file, but also to analyze each elements which composes it and carries out certain controls (file FICP, etc), which is perfectly justified.

However, depending on the amount of mortgage you want to redeem, you can argue that the analysis of the elements of your case will not cost more than for a loan less than half. Clearly, the amount of the loan does not affect the level of expenses incurred by the bank to study the file.

In our opinion, we must not pay:

  • More than 500 € for a loan whose amount is less than 100 000 €
  • More than € 800 for a loan of more than € 100,000

Calculate the final cost of your mortgage with our calculator

 

Prepayment Allowance

Prepayment Allowance

This is another important point of loan redemption. First of all, check that in the offer of the loan you want to buy back, this penalty is provided. But do not be fooled if you did not negotiate this point during the subscription, there is a good chance that the penalty is there.

The amount usually amounts to 3% of the outstanding capital (maximum allowed by law).
If you redeem your mortgage in the same bank, you will likely have it as a gift. If you go to the competition, it’s lost.

However, remember to negotiate the absence of penalties if you address the competition. You can easily find a compromise if it is reluctant and offer for example to remove them after 5 years or in case of resale of the good, etc.

The credit broker has its usefulness, but you may have a fee to pay so additional fees. Know that these fees are negotiable. Do not hesitate to put several brokers in competition.

On the other hand, the MURCEF law prohibits any intermediary in banking operation (on which the broker depends) to collect remuneration until the loan has been granted.

 

Restructuring case

mortgage loan

If you have one or more consumer loans that you want to renegotiate at the same time as you redeem your mortgage, your transaction is part of the credit restructuring. This will be a more complex operation

Traditional banks do not like this type of transaction too much. You will therefore have a lot of chances to see your loan request refused by the network banks.

The only ones who risk accepting your file are the Specialized Establishments, which unfortunately generally offer a solution with a variable rate, which we invite you to categorically refuse.

Also beware of brokerage fees in this area. They are often higher than in mortgage brokerage. Finally, know that there are reprehensible practices, some commission-hungry brokers are sometimes ready to do anything to make a case.

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Cash Transfer Bank / Inter-Head Office and Branch Journal

The world of accounting is very broad, by understanding accounting treatment well, all kinds of transactions can be written well. In advanced accounting practices, it is very common for you to meet transactions involving the head office to the branch, and branches to branches.

One of the most common transactions is cash and bank transfer transactions. The problem is that the transfer is not appropriate if it is recognized as income or expense. If if it can be recognized as income and expense, it will be very easy to treat. So, what kind of accounting treatment is needed?

In general, cash and bank transfers that occur between the head office and branches as well as branches and branches will bring up a new account, meaning that an account needs to be made as a link. More details, please learn the explanation below.

Liaison account

get money

For the naming of the account itself is very diverse. But in principle, the head office will create an account that is classified as an asset in the balance sheet, while the branch creates a debt account. In this article, I will create an account named Branch Accounts (for head office), and Central Debt (for branches).

That is if the center and branches are yes, what about branches and branches? There are two alternatives, first create a new account again to connect between branches, in this article I will create an account named Inter Branch Accounts and Inter-Branch Debt. The second alternative, connecting between branches by involving the head office, will still use a liaison account between the center and the branch but by making a fictional journal in the central bookkeeping with the Ayat Silang account. To make it easier to understand, learn also Ayat Silang on the link above!

Oh yeah, in this article I assume the bookkeeping of the center and branches and branches and branches is different, so the bookkeeping is separate. If it is still in one book, what I explained in this article does not apply, just make a transfer journal as usual.

Inter Head Office and Branch Transfers

cash transfer

For the account name I have explained above, now there are examples of transactions that often occur. For example, on June 1, 2019 the head office transfers budget funds to branch C of 10,000,000 via bank transfer, because of different banks, there is an administration fee of 6,500. On August 2, 2019, the transfer center for additional working capital to branch C is 20,000,000 in cash.

Explain? Why do I charge administration fees to branch C? This is because these costs arise for the interests of branch C, huh. For example, I charge to the center, later there is the term “central cost distribution” to make NOL the costs that occur at the center and charged to all branches (I discuss it later), this can be detrimental and affect the performance of other branches because costs only arise for the interests of branches C, not all branches.

Are the accounts receivable and payable above required to be repaid? This depends on the policy of each company, usually the account is not required to be repaid. The accounts receivable and debt will be reversed (such as a repayment journal) when the transfer branch returns to the center, for example a sales deposit. If there is a sales deposit or a transfer branch to the center for other matters, then the journal only needs to turn the journal over.

 

Transfers Between Branches and Branches

cash transfer

Go directly to the example, for example on June 10, 2019 Branch A borrows funds to Branch B amounting to 10,000,000 for merchandise expenditure via the bank with an administration fee of 6,500.

Next: Accounting journal for the formation of firm partnerships. Okay, guys, that’s the cash/bank transfer journal between the head office and branches and branches to branches. Hopefully the above explanation is useful and helps you to do a good accounting book. Don’t forget to share this article too, thanks and good luck.