mvalappil

When it comes to personal finances and investments, it is often heard that you need to diversify your investments, which means you should invest part of your savings in different investment vehicles like the stock market, real estate, gold, and so on. Some professionals say that you should reduce your investment in the stock market as you get older. One formula they suggest is that subtract your age from 100, and the resulting figure is the percentage you should invest in the stock market, i.e. when you are at 80, keep only 20% of your total investment in the equity. But my observation is that it doesn't matter much. I think one should invest in the area that suits one's knowledge, skills and personality. When considering the stock market and real estate, both require different knowledge and skills. Some personality type can't be successful in real estate. And the stock market for some. To clarify my point for some, their personality trait may not be appropriate for investi...

A small firm in the business of installing the security and surveillance system having a few sites working simultaneously at any time, each site managed by a team of two or three technicians. Technicians incur expenses for travelling, fuel, meals, and small accessories. They submit these bills to the accountant on irregular intervals depending on their need for cash. The accountant then sorts these bills which are enormous in numbers, makes entries in an Excel sheet, prints the statement and attach with the bills, makes reimbursements to the technicians, and then make entries for these expenses and payments in the accounting system. Terrific, isn't it? Recording, reporting and managing expenses by the field staff like site technicians and supervisors, sales and marketing staff is a big challenge for small and medium enterprises. Problems with this way of working As seen in the above scenario, the traditional workflow in expense reporting has many disadvantages and often create prob...