agreement, Business Guide

How to draft an Ideal Loan Agreement?

Sometimes businessmen can’t meet his expenses. To fulfill this deficit, they borrow from another financial institution to meet the needs. A Loan Agreement is indenture between debtor and creditor or it is mutual promise between both parties.  This type of loans can be filed after completion of all the requirements of creditor. There are many types of Loan Agreements like, facilities agreements, revolvers agreements, or working capital loans. Prior to entering in such type of agreement, creditor will check the credit worthiness, cash flow, or any collateral against loan is very crucial. Lender will determine under what conditions, he will ready to advance credit.

loan agreement template 02

Loan Agreement, just like any other contract, reflect offer and their acceptance. Loan can be grant if the terms and conditions are lawful. Acceptance of Loan Agreement is important like the other agreements.  If the legal agreements offered by banks are different from the agreements offered by finance companies. In this situation banks receive banking carter and granted as a privilege and it involves public trust. You can see Loan Agreements are purely on written form, but it not enforceable by law that’s why, a Loan Agreement should not be in uttered form. The reason behind is that, agreements that are in oral form are difficult to enforce and there isn’t any evidence of these agreements. Loan Agreements are not categorized but, loan portfolios are often approximately characterized such as, personal and commercial loans. Industrial loans are that depends on the credit worthiness and its sales patron.

The Loans Agreement instigated by commercial banks, finance companies, or any other financial institution is not alike, and all have different purpose. Commercial or Saving banks allow loans that are for public reliance. Similarly, investment banks provide loans and cater the needs of investors. Security Exchange Commission supervise all the activities related to investment banking and correct, or proper disclosure are made or not.

Normally, there are two types of loans, bilateral loans, and syndicated loans. While categorizing Loan Agreements there are two categories. First one is term loan and it will be repaid in installments. Revolving loans includes maximum amount can be withdrawn any time, you have to pay per month interest on it. There are many sub categories of these loans like, interest-only loans and balloon payment loans. There are also subcategories whether the loan is secured or unsecured, whether the rate of interest is fixed or not.

There are many contents of Loan Agreement. Terms of loans are different and vary in industries. The country to country terms are different. There should be mentioned the name if both parties in the agreement. Address of both parties are crucial and it should be mentioned on the Loan Agreement. If you mention the definitions or interruption provision hence it is very important. The purpose why you are allowing loan it is very important.  There must be mentioned the re-payment provisions, payment and cancellation provisions. There must be mentioned the interest procedure of interest payment. The name of borrower and lender should be mentioned clearly. If a party default than, terms and provisions of default should be mentioned. How to avoid default should also be mentioned.

If there is any provision or penalties for damages, it should be mentioned. There must be mentioned the language provisions and set-off default also.

Printable Stationery

Importance of using Deposit Slip

A Deposit Slip is a paper type document that contains the information of financial transaction of banks. It is used to deposit funds into the banks. It includes date, name of depositor, amount, and depositors account number etc. Due to deposit slip, a record can maintain that’s why chances of mistakes can reduced easily. Generally, due to human error chances of fraud is very much high so, habitually banks maintain these types of slips to revoke flaws. Usually, banks have tremendous amount of data and it is very precious. Banks maintain ledger of daily transactions and make it sure that there is no transaction that is not counted at the end of day.

Banks provide service to the customer that, if customer found any indistinctness of account balance then he can tally with deposit slip and exact balance can maintain. Deposit slip accommodate testimony to banks that he acknowledges about transfer of funds. In 2016, generally banks overcome the facility of deposit slip with the new technology of ATM cards as, the depositor and banks receive at the exact time deposit slip. ATM machine recognize person’s personal authentication and give amount to him. One slip is transferred to bank and other is transferred to the depositor at the time of transection. JP MORGAN was the first bank who precede this dexterity.

When depositor deposit some amount then, it becomes the liability of bank but, at the same time it is asset of a bank. Liability refers that, bank have to return back this amount to the depositor with some profit. Banks have many accounts as, current account, fixed account, call deposit, saving account etc. Ensure that you have put correct amount on that slip, so chances of error can be reduced easily. Below are some the types of deposit slips

  1. Current account
  2. Saving account
  3. Checking account

Deposit Slip can be seen in ATM transection, bank deposit etc.

How much a person can deposit?

Deposit-Slip-Template-02To avoid corruption banks, make a rule to check suspicious transaction, such as if a person deposit more than 10,000 bank will inform IRS about deposit. Bank cannot transfer a person’s personal accounts information. In many organizations banks are proving service to deposit salary of a person directly to the accounts rather than to make a payroll record hence, the importance of deposit slips is declining very fast. Online transactions overcome the chances of blunders.

Ultimately, this slip is to protect bank and also the investor from any fight and misunderstanding. Bank reconciliation statement is made by the bank for this regard, hence disputes can be solved easily. In this way record can be kept easily if you have lost bank slip than one copy of deposit slip will be with bank that’s why bank can solve problem of accounts surely. Online software make is sure that transactions become easy and reliable that’s why mostly people use online banking for their ease. Anyhow, the scope of banking is very fast now a days.

Management Tips, writing tips

Checklist For Preparing Executive Summary

What is an Executive Summary?

If you work in a corporate firm or run your own business, you can better understand the idea that when a single person or a team of directors have to decide and chose each step for the business. It’s not possible for them to go through each proposal and report one by one because they simply don’t have enough time for this procedure.

A report either it’s a proposal for new business or progress report about an existing project, it’s very common that it will consist on several pages which by the way, are all very important for the reader to read. But the problem is that when the CEO of a company is the one who makes all the final decisions, he just doesn’t have enough time to read the lengthy reports and business proposals.

So the solution is to convert the lengthy report into much shorter summary or an overview that includes all the key points of the original one. This shortened version of a report is called an executive summary which is exclusively written to save the luxurious time of upper management and directors of a company. You can download several free executive summary templates available online to start preparing it.

Executive Summary Checklist
Here are the elements that an executive summary must contain:

  1. Reading the entire report:
    This is the first step that you take when you want to write an executive summary. Here you make sure that you have read the entire report and you have made the list of shortened steps of factors that you need to add in the summary. Here you also make sure that you have prepared a rough overview of the recommendations you will include at the end of the summary so that you won’t miss anything.
  2. Purpose of writing this summary:
    Then you have to make sure about an executive summary is that it fulfills all the purposes of writing such a short summary of a lengthy report. You have to make sure if it surrounds all the aspects of the original report and if it gives the concise overview to the reader about the original report.
  3. Arrangement of the summary:
    First you need to verify that you have arranged all the documents in the proper order in such a manner that the reader is required to read them. Then you make sure that you have used all the necessary headlines for each section of the summary and have categorized all the details into various sections. Make sure that you have put all the images, graphs and related pictures at the start of each page so that it’s easier to grab the attention of the reader.
  4. Essential data and figures are included in the summary:
    Here at this point, you verify if you have included all the needed facts and figures and haven’t skipped anything important. Although the key purpose of making this summary is to shorten the original lengthy report but that doesn’t mean you don’t include necessary figures and images in the summary.
  5. Size of the executive summary:
    The purpose of this summary is to shorten the original report but that doesn’t mean you short it so much that it’s not 10th of the portion of the original report. You have to at least make it 10% of the original report which is like the minimum ratio and you can make it up to 15% in some uncommon cases.
schedule templates

Two Best Production Shift Schedule Templates

In a manufacturing organization, this really is an all-inclusive routine for a specific division or company. Regarding the grasp production schedule (MPS) it shows the main elements that are involved the production a services or products during the end. Undertaking supervisors are the types that will generally utilize this sort of schedule. It will add goals and predictions to help them to assess the progress and success associated with task these are typically functioning on along with generating forecasts. A few instances associated with the info that could be discovered on this kind of routine can add:

  • Price projects
  • Projects of expected progress
  • Product sales projections

Exactly what specific info may be available on a master manufacturing routine will differ. It all depends upon the company as well as the needs associated with task. These are typically generally arranged regular but could protect an indefinite period. The routine would be different for each task the business does. Simply because every project features various guidelines to adhere to and various goals.

Something that is very essential to the grasp production routine is for the supervisor to have quick accessibility into the standard program framework and leading info. These two bits of information will help the manager to help keep the task on track. The schedule should offer an at-a-glance guide to monitor the development and future programs. Essentially, the schedule will have every little thing that a task control has got to know every time. It ordinarily does perhaps not have numerous particular project program details to follow it is a lot a lot more of a help guide to help all of them make choices about just what has to be done.

Here is first Product Schedule Template prepared in OpenOffice Writer.

Production Schedule Template

Download this Production Shift Schedule Template in OpenOffice

Whenever a company features a grasp production schedule which has been well prepared, it’s going to provide the project manager and business trustworthy guidelines in order to make product deliveries on time. They can give their particular customers a promise of on time deliveries and feel self-confident that the promise should be stored. In large merchants and warehouses having a large distribution will demand the manpower to process it along with a grasp manufacturing schedule, they’re going to knows whenever you should schedule more workers to get the work done on time.

Here comes another good looking Product Shift Schedule Template in OpenOffice.

Production Shift Schedule Template

Download this Production Shift Schedule Template in OpenOffice


If a business does maybe not have this kind of routine to share along with other divisions, info can be communicated improperly and cause scheduling delays that could impact the delivery regarding the items. Using the routine tends to make the manufacturing requires clear and can help lower pricey mistakes. They may be able also be employed in combination along with various other strategies of record keeping like inventory and accounting. By doing this it can make the tracking the progress of the project much more concise. Grasp production schedules can be utilized in small, method or big and that can assist to boost their particular operations and help managers and workers know what has to be completed.

Printable Stationery, writing review

Creating a New Level in Your Crafting Your Envelope Design

If you are those types of artistically gifted individuals whom enjoy creating a variety of greeting cards for the friends and family members you have undoubtedly come across the circumstance where discovering an envelope to match your creations is perhaps all but impossible. Among the simplest techniques that many individuals are locating to conquer this problem is to develop their very own envelope with a template. Using envelope templates will provide you the variety in order to produce the correct size envelope for almost any card that you make.

Generating an Envelope with a Template offers You the best in Creativity

By generating your own envelop with a template rather than going away and spending cash to get one you’ll have the pleasure of being ready to give a card this is certainly a hundred per cent handmade and can match the card you’ve got worked therefore difficult to create. After you’ve got used the template to create the fundamental shape of your envelop, it is possible to include your very very own embellishments such as embossed monograms with a tremendously simple approach to embossing.

Another way to customize your recently produced envelopes will be line the inside with a moment colour of report that will praise the outer shade or even the card itself. Using a template for the envelopes can provide you much even more flexibility than you would actually be able to discover if you tried to achieve this with a standard store purchased envelope.

Going Beyond the Basic Template for an Envelope

Among the best things about generating your very own envelopes is that it will perhaps not just take a large availability of resources. The essential important device you are likely to require is the template since this everything you will really want to reduce the standard shape of your envelope out with. Additionally, you will need a razor-sharp pair of scissors or a report cutter and of course some form of glue. You really need to buy either an adjustable template or a variety of templates to develop a variety of various sized envelopes.

Each template should be marked to show the dimensions of the envelope that it is designed which will make. Whenever you are ready to create your envelope you will need to very carefully measure your card and add one 8th of an inch towards the measurements to pick the right template. This will make sure that your card will fit into the finished envelope.

You’ll get a hold of a variety of themes online that will assist you add one more skill to those which you currently have. You’ll find that it can be plenty of fun generating an envelope making use of a template that will fit the cards you are currently generating.


Some Things to Know Before Negotiating Salary with a New Employer

There are numerous schools of thought about salary negotiations and it seems that a good of these include game playing, duplicity, and tiptoeing around a genuine quantity. Not long ago, I read a post by a writer who offered that what I believed was a bad guidance about pushing or hiring the manager or recruiter to provide a variety before responding to the concern, “just what wage it is looking for?” everybody desires to get a paid as much it doesn’t add up (for most of us) to decline to resolve this concern with, at least, a wage range which you may aggravate the recruiter who requested the concern.

How come recruiters ask for your wage?

Let’s deal with it most of us wouldn’t work for any else whenever we didn’t need the money. So money is a significant component of the work relationship. If for example, the existing wage is far underneath the salary of the job you are interviewing for, the selecting manager would want to understand exactly why. Possibly your present boss pays below market rate? Or, it could imply that your ability set isn’t as created to the fact what work calls for. If you are chosen for a work that pays considerably more than you are at this time making a company, a wage provide that falls near the base of the salary variety. The main explanation that some businesses repeat this, so that they’ve more latitude to encourage you for great overall performance with merit increases and campaigns than if they had compensated you at the leading salary variety. In case, the present wage is higher than the range of the job you are interviewing for, you may not like to interview for a job that pays a great deal less. Having said that, perhaps you are prepared to simply take a pay slice to join a truly elite team. If that is the situation this subject has to be discussed in an interview.

I have been involved in all sides of wage negotiations: as a headhunter, as an in-house recruiter, as a selecting manager, plus in wage negotiations for myself. While I do not always consider myself to be a great negotiator to have a quite great knowledge of what exactly is happening behind the scenes in wage negotiations and I hope to provide some tips for candidates.

Salary settlement varies according to a number of things:

Check out Open Office Salary Certificate Template first to have a further knowledge.

Salary certificate template
Salary certificate template

Your standard of knowledge in addition to level of the task you are interviewing for

–              The less knowledge you’ve and the less unique your skill set the less area you must negotiate

With whom are you currently negotiating? (Employing manager, HR representative, executive recruiter)

–              In many organizations, hiring administrators make choices that how to allocate their spending plans. Typically HR representatives are messengers who report your past income, salary needs into the hiring manager. In some companies the hour manager negotiates the account of the selecting manager. Get a hold of away who makes the last choice about income and perks and, if possible, deal directly with the person.

Type of business (little personal company, company with VC cash, large business, general public industry)

–              Large organizations may have more money but they normally have more policies, processes, and bureaucracy. In plenty of large organizations, employing mangers may not have a good deal of latitude to provide larger salaries to new hires. In little businesses here may be more latitude but they may have fewer resources. If you imagine your skill set is worthy of a big salary, then make a case for that through the selecting procedure. Be sure your resume offers your unique accomplishments and skills (back this information up with metrics whenever possible) and become sure to talk about those actions whenever you meeting.

Other perks that come with the job:

–              Tasks that are included with big benefits, big incentives, perks (usage of company plane), company automobiles, university fees reimbursement, often have less versatile wages to the fact employer understands that the task is certainly going to give you lots of other compensation.

Financial situation of this company you may be interviewing with and sector trends:

–              Profitable organizations in developing companies are far more likely to provide higher wages, so do your homework about the business and market before attempting to negotiate salary or advantages.

Salary Range:

In many situations, a recruiter (in house or headhunter) inform candidates the overall wage variety before they show up in an interview. In fact I haven’t heard about lot of instances when a candidate doesn’t have some concept of just what the business can provide. It’s simply a useful matter – when your wage or knowledge level is way from the tag to be a waste of the time for interview.

Salary vs. Total Compensation:

When you expect your salary so you can easily talk about complete payment or actual income. I utilized to work for an organization that would deliver a report every year that explained all of our complete compensation package. That ended up being the dollar worth of all of our benefits, vacation, university fees reimbursement, bonus, and something else we got through the company. Include within the total payment you are receiving from your current boss and you can use that quantity in salary discussions but be clear that you are discussing complete compensation maybe not salary figures. If you wish to fudge the complete compensation number up a few thousand, can be done that without appearing to be a liar. Complete settlement isn’t constantly a precise number to ensure is a number that you could conceivably fool around with a little bit to be able to seem to be generating a greater wage. But never ever lie about your wage because it’s just so simple to get a hold of out what it is.

Because Of Diligence:

Before interviewing with a business discern, everything you can settle techniques, benefits, perks, and gratification to ensure you will know to anticipate to get a work offer. Also, if you have this type of details you will be able to figure out what’s and is not negotiable in the company.

Never Ever Lay Concerning Your Salary:

All that an HR individual to call your present boss and inquire them to confirm the wage number you offered them…in the event that number isn’t exactly the same (your manager most likely won’t let them know the exact number anyhow – many only confirm details) after that chances are you look like a liar. I also know some companies that need prospective hires to deliver the previous year’s W2 form as well as other individuals that agreement’s back ground examining services to check away prospective hires. Once again, if you lie regarding the income you are going to forfeit the task.

Senior Executives/C-Level Executives:

If you are a senior level executive, salary negotiations are at great deal and if you are a junior player or even a mid-degree manager. Most organizations have plenty of mobility when it comes to salaries, bonuses, option funds, and various other benefits for senior degree execs just because the objectives for their jobs are incredibly high. If you’re a senior degree professional then you really need a contract of legal professional and/or a retained research firm to negotiate your settlement package, contract, and severance contract for your needs. Inform your attorney everything you need and permit him/her attorney for your prospective manager. Leading execs get incredible pay plans and perks as well as seldom perform some negotiating by themselves.

Center Managers:

If you are applying in a big organization as a center manager the income that they are intending to provide you is probably not awfully flexible. You are ready to negotiate a signing bonus, or get the business to pay off location or university fees which you owe to your existing company. You are in a position to negotiate additional stock options or stock grants as well. The key to get those things will persuade the selecting manager that he/she can’t live without you. Be likable and showcase your successes in the interview. Don’t rest or inflate about your current salary. When you are asked for the current salary or your salary objectives provide a range and discover about advantages along with other perks that will factor to your total compensation package. Your employer will most likely desire to pay you just as much as they are able to but can be constrained by business policy or spending plan problems that you will do not realize about.

Sales Jobs:

Great product sales can negotiate great settlement packages according to overall performance. Sales are location where companies are prepared to pay big dollars for leading performers because they straight add to the bottom line. If you are a great product sales person with an outstanding track record, bring some metrics to you towards the negotiating table so that the prospective company can see exactly what these are generally obtaining with their expense in you.

Entry Degree or Junior Degree Jobs or Non-Exempt Jobs:

If you’re entry level or a junior player without specialized skills and experience, you simply don’t have a lot of space to negotiate. You might be capable of getting a great wage, if you got to commute further towards the new job or you want to buy a motor vehicle to drive in the new task. If that is the truth, mention it to your selecting supervisor and inquire if they start thinking about additional compensation to pay for your additional travel expenses. If that isn’t an option for them maybe you can negotiate a versatile work circumstance that includes telecommuting for an element of the week. You may possibly be in a position to negotiate additional days off or university fees reimbursement. A lot of businesses have a buck amount which they offer to junior employees – especially those who join the business as a user of training program or a course (i.e.: first 12 months Big 4 auditors or specialists) and that number has a tendency to be quite strict.

gift certificate

Saving With Gift Certificates

Present certificates, additionally known as present cards or vouchers, is a common choice that present givers choose for their pals, family members and friends. It can be a simple ‘thank you’ present or a last-minute present for birthdays, holidays with other unique events. The primary reason of why gift certificates are very common is that, it offers the receiver an option to get exactly what he/she desires. There are times when we receive a present and then we think of it quizzically and ask what we are likely to do with it. Present vouchers are a cost-effective choice when it comes to present giving, and it’s really practical to provide them these days.

There are folks who appear down on gift certificates, saying that these kinds of gifts are impersonal, a little bit rude and some individuals also say that gift certificates are a “turn-off”. There’s truly a great deal which can be stated about the unfavorable side of providing gift cards, but the fact remains that it merely provides an alternative to obtain the items which they by themselves wish. It offers a freedom in order to buy a product from a specific store and select the one that they truly wish.

You can get gift certificates from stores and malls, and each certificate enables you to get food, clothes, beauty products, publications, clothing, household and kitchen area things, and a great deal more. Let’s not forget about how it’s hard to search for a present that your liked ones will truly like, and you don’t really want your gift to be chucked into the bottom of a cabinet, right? Get a present card for convenience and much less hassle. And you also can provide your receiver an alternative in order to make their particular choice.

Holiday Gift Certificate Templates
Holiday Gift Certificate Templates

For example, Holiday Gift Certificate Template is a good way to give a certificate who like to travel and whose life is so full of hassle. It’s not a shock any longer that individuals like getting cards, like for brand new home owners, a gift certificate from a home improvement store may be helpful in obtaining them the couch or tables that they require. A student will appreciate if you provide them with a gift certificate from a bookstore, as it will probably lessen their expenses when purchasing textbooks or college supplies. And a “techie” will truly whoop for joy when you give them a coupon from an electronics store!

Huge stores and commercial organizations today have customized certificates. You are able to establish the quantity of the coupon, customized text and the design from the card itself. Some individuals today are searching in putting the dedications and quick emails in the certificates. There’s no more threat of going empty-handed or not having a gift for an unexpected event. Present certificates still ensures that you have a token to provide someone unique day, providing them with a present is preferable to rather than none at all. These popular present option changes the way we comprehend “it is the thought that counts”.