How Far Do You Take Financial Check Up? Watch This First
Finance is indeed one of the many sources of human problems. Both between families, siblings, friends, friends, between work colleagues, to the household. Then the expertise in managing finances is needed for the comfort and security of your own finances.
Uniquely, it is not only the body that requires a check-up, but also finance, what kind of financial check-up and how the flow does it. You who might be wise in managing money are interested or even already know about this.
What is Financial Check Up
If the body has to check up then what is financial check up? similar to the body, financial check up is checking the financial condition which is done in a certain time and a certain period. Inspections are as routine as health checks, but checking is accompanied by improvements and additions to the quality in the future.
The purpose of Financial Check Up
So what are the goals for financial check-ups? certainly the same as other check-ups, which is to check the overall financial condition whether something is wrong or not. It may be that your financial condition suddenly changes into many and good or vice versa, it is problematic and confusing. Well, this financial check-up will simplify and have many advantages. Because various problems and advantages will be seen in this activity.
Things that need to be considered
Debt Conditions
For business people or entrepreneurs, financial check-ups are used to check debts that result from transactions or cooperation. Excessive debt and consumer debt are the biggest problems when financial check-up. In addition to debt you can also check receivables, or how much money and valuables you have temporarily owned by someone else.
Savings
Savings are the next thing that is owned by you and is seen in financial check-ups. It's possible that you are saving without counting or using money that was taken from savings accidentally. Then the rest of your money and needs are visible in this financial check-up.
Investation
Like savings, the function of investment is to save and manage it for future savings. In a financial check-up your investment will be seen, whether the investment is backward or actually growing, can continue to run, or is not the right choice of your investment type.
Emergency condition
It is important to have impromptu finances so that you don't have to make any sudden transactions. As you know, sudden money must be calculated in the budget and how much is used into expenditure. If when doing a financial check-up and your property in the form of goods such as houses, land, cars and the absence of sudden deposits, you will have difficulty when in need.
Shortage of Financial Check Up
Actually it is not exactly a shortage, but this financial check-up will drain your mind and energy a little. Especially if you are a businessman or investor or big businessman. The possibility of this evaluation will be difficult. Because in the financial check-up there will be an audit in all finances both personal and in your work.
If there are mistakes, then you should look for and know where the weaknesses are. Even so later you will feel comfortable and safe because your finances are clear.
Error in Financial Check Up
Some common mistakes made during financial check-ups are small expenses and income that are not included or included. Even the slightest expenditure and income in the financial world must be recorded and reported. That way you also will not forget when you have additional income or expenses that are not remembered. Even though the nominal is small, the financial check-up still applies.
Start getting used to
If you are still confused as to what form of financial check-up, maybe you can start from a simple one. Where you start to calculate your daily income and expenditure for one month for personal reasons only. Bookkeeping also includes one of the stages or ways of doing financial check-ups. Other requirements, of course, must be routine and regular
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