finance golf cart

We are continually told there are significant benefits to lease (finance) equipment purchases in a business. Let’s examine some of those benefits.

Economic stat’s tell us the equipment leasing and financing in Canada and the U.S. totals Billions of dollars. Historically almost 1/3 of all equipment has been financed, not purchased. We will look at some of the true benefits of leasing – every benefit many not necessarily accrue to every firm who finances, but many will, and the business owner or financial manager should understand how his firm can benefit from this financing strategy.

When we break down the benefits of leasing into a large number of single positive points we find that these benefits can be simply grouped into a number of key categories. They are as follows:

*Business in general find it easier to account for leases – payments are fixed

*Leases can be structured to have the business own or not own the equipment at the end of the term of the lease

* Many businesses are either incapable, or do not choose to address the technological aspects of the equipment they are financing – Leasing gives them maximum flexibility in that area. For example a company leasing technology generally wants to use the technology, which evolves. It does not wish to purchase or lock into ownership of technologies that are evolving. Think computers!!

* Lease financing has maximum cash management flexibility – payments can be tailored with longer amortizations, seasonality according to the customers business, fixed regular payments ( term loans tend to have variable, not fixed rates ) etc.

* Budgeting: More often than not this is usually the main reason most customers give for financing equipment – the financing provided during the leasing exercise allows the company to potentially acquire more equipment than it might have in a straight ‘ purchase’ scenario. In many cases little or nominal down payment is required. The vast majority of customers also pay the taxes on the equipment and maintenance via the fixed monthly lease payment. Companies that are either growing quickly, or in some cases are having some level of financial challenge will always tend to gravitate to the leasing solution.

Lease financing has always been perceived as a strong financial acquisition alternative. In the economy of 2009-2010 where ‘ cash is king ‘ alternative financial such as the lease option is a strong

Personal finance is an extremely important part of our life. It is not only our responsibility, but our duty to manage our finances better. Today, personal finance management has become a little more complicated. It has become far more complex than it was few decades ago. As a result, many people take the help of financial expert to manage their finances.

But if you can’t afford to hire a professional or prefer to keep your personal finance “personal”, then good personal finance software is a great option for you. This software are perfect for people who don’t have much knowledge about intricacies of accounting and finance. Good software can be beneficial for you in the following ways:

• Speed: Such a software are extremely time saving. All you have to do is to enter the data about your income and expenditure in the software and leave the rest to the software. It will sort out your expenses and create plans for your future personal finance.

• Bill payments: The personal finance software can also pay your bills automatically. This is the best way to pay your bills on time and avoid late fees or discontinuation of services. Most good quality personal finance software can create a system that pays your bill automatically.

Some people think that they will need to purchase new computers or extra hardware to run personal finance software. But, most of the latest software are designed to work on all kinds of systems. You can purchase software for your MAC or Windows computer and you don’t have to change your computer system at all.

These days, there’s an over-kill of such types of software in the market. It looks like the market has sensed an unprecedented increase in the demand for such software. As a result, there are many personal finance software in the market which are not of the best quality, but still get sold because of marketing and other tactics.

In order to ensure that you only buy the best, follow these easy tips:

1. The software should have a strong automation system. Buy a program that can be completely automated. This will ensure that do the least amount of work and save maximum amount of your time.

2. The software should also have the program that calculates loan amounts and allows you to compare between different options. This is a great tool when you are looking to get some loan for your personal or business use.

3. Make sure that the software provides a large number of forms. These ready-made forms allow you to enter information directly in the software without any hassle. They are extremely time-efficient as all you have to do is to put the data in allotted ha Pre-Made Forms- Try and find tools with more number of pre-made forms. All you will have to do is enter information on these forms and rest will be taken care by the software.