Archives October 2021

CyberGhost has 15 years of experience providing VPN services for millions of users worldwide. US residents can use CyberGhost for accessing Binance, as it provides a fail-proof system for users to navigate through the toughest firewalls with ease. With over 5,500 servers in over 60 countries, NordVPN can efficiently distribute server loads to keep your VPN connection fast and stable. Initially based in China, Binance moved its operations from China due to regulatory trouble with authorities.

Take the time to assemble several valid documents before you start in order to streamline the verification process. You can use an ID, a passport, or a driver’s license, depending on the country. After this, you’ll be required to take a selfie or upload a picture to complete face verification.

Instead of using phone numbers as a 2FA method, US residents are advised to use Google Authenticator as a way around the debacle. Without enabling 2FA, you’ll be restricted from using specific options of the Binance crypto exchange. The next step is to access the Binance exchange website and proceed with the sign-up process. After choosing a VPN platform, users will have to complete the registration process. Usually, this includes downloading the application or software for desktop or mobile, creating an account, and choosing the payment plan (either monthly or annually). Using a reputable VPN provider with all the necessary features will be sufficient for users to circumvent the requirements of the firewall and access all platform features.

Indeed – both names are probably quite familiar to any and all crypto enthusiasts out there. While it’s not the original Binance exchange, Binance.US is a United States-exclusive exchange, and one that doesn’t share any ties with the main Binance platform. ExpressVPN costs €6.08 / month and backs all of its plans with a 30-day money-back guarantee. Use the VPN to connect to a server in your home country, then log into Binance.com and start securely trading cryptocurrencies.

Bitcoin Halving: What It Is and Why It Matters

1. Using a VPN for Binance.com also adds an extra layer of privacy and security.
2. There are a ton of settings that you can change, including your encryption levels (128-bit or 256-bit AES encryption), proxy settings, and whether or not to connect to trusted/untrusted Wi-Fi networks.
3. VPNs also provide additional security through anonymous IP addresses and military-grade encryption.
4. Our review is based on the independent, professional and honest reviewer’s examination and considers the product’s technical capabilities, features, and commercial value for users.
5. European and Asian countries will suit, but it’s essential to carry out due diligence before choosing one because regulations can change at any time.

Instead, US-based individuals are able to use a country-specific version of Binance, called Binance.US. While this particular platform lacks a lot of the features that are present with the original Binance exchange, it’s regulation-compliant, and does still offer a lot of simplicity and functionality to its users. Crypto hodling is, admittedly, the more-popular choice that people make. Final crypto exchange evaluation conclusion based on research, expert opinions & user feedback.

How to Use Binance in the US

You see, your IP address shows if you are in a country where Binance is not supported. However, a VPN hides your IP address and replaces it with an IP address from another country by rerouting it nft passive income through that country’s servers. For which purpose or what kind of people is the crypto exchange most useful.

Binance US VS Coinbase: The Comparison

KYC checks are also the area where any potential non-US users will have to leave the platform, too. Since Binance.US is country-exclusive, if you’ve registered on cryptocurrency the complete basics guide for beginners bitcoin the platform from, say, the EU, you won’t be able to pass the KYC checks, and by extent, trade or deposit assets to the platform’s wallet. Make smarter trades with deep liquidity, powerful charting capabilities, and ultra-low fees you won’t find on other crypto exchanges. Our scalable trading solutions are built for everyone from active traders to institutional-grade API traders.

How to Use Binance in the US: Full Guide

Plus, they all have advanced security features like DNS leak protection and RAM-only servers. Binance.com blocks US users by using your IP address to detect your location. However, a VPN hides your real IP address behind an IP address in your home country. This means that while you’re connected to a VPN server, you’ll be able to access your Binance.com account as if you were back home and maintain constant access to your time-sensitive trades during your stay in how the web works learn web development mdn the US.

The fee that you’ll have to pay to a certain exchange for withdrawing your earnings from your account. While I’ve already stressed the importance of security a few times in this article, it’s also worth pointing out the fact that this concept comes up in a few different shapes and sizes. Before we can start discussing the actual differences and similarities between Binance US VS Coinbase, it’s worth to first establish some core features that we’ll be using as the basis of our comparison. Your browser sometimes stores information about your location, and if that information conflicts with your new location while connected to a VPN, it might cause Binance.com to deny you access. The VPN server you’re connected to might be experiencing issues or might be blocked by Binance.com. Instead, it relocated all of its US users to a special version, Binance.us, which specifically complies with US financial rules.

QuickBooks Online is cloud-based software, so it offers more mobility. But what QuickBooks Pro Plus sacrifices in mobility, it more than makes up for in its features, which are more developed than what you’ll find in QuickBooks Online. If you can’t decide between two programs, here’s how they stack up head-to-head to help you determine which version of QuickBooks is the best accounting solution for your business.

Read our complete QuickBooks Online Payroll review for the details, and be sure to visit the QBO website to see if Intuit is running a QuickBooks payroll discount before buying. The QuickBooks Online Advanced plan is designed for larger businesses. QuickBooks Online Advanced costs $235/month and supports up to 25 users. Platinum or Diamond may be the way to go if you need advanced inventory and pricing. If you need more users than you can get with QuickBooks Premier but don’t need advanced features, then maybe Gold is a better option. One of the biggest differences between QuickBooks Pro and QuickBooks Premier is that Quickbooks Premier offers six industry-specific versions of the software in addition to the standard version.

How much does QuickBooks Self-Employed cost?

These industry editions add customized features and reports to fit your business needs better. FreshBooks is great for self-employed individuals, sole proprietors and independent contractors. It is incredibly user-friendly and easy to navigate, so if you are a sole proprietor looking for basic accounting software, FreshBooks will meet your needs at a relatively low cost.

QuickBooks Pro Pricing

Plus supports up to five users, giving you the option to configure their access. You also can invite reports-only users to run reports, but not make changes. QuickBooks Online Simple Start is designed to support sole proprietors, LLCs, partnerships, and other types of small businesses. It is the best fit for single users with basic accounting needs.

1. Most of the advanced features are on the Premium ($1,043 per year) and Quantum ($1,780 per year) versions.
2. The type of business you run has a huge influence on which QuickBooks product is right for you.
3. Standard accounting tools, including invoicing and payments, income and expense tracking, bill management and basic reporting.
4. Users can call to purchase a subscription after the trial is complete.

When To Choose QuickBooks Desktop Pro

Security updates and product updates will still be released for all users who purchase a QuickBooks Desktop Plus or QuickBooks Desktop Payroll subscription before the cutoff date. Jennifer Simonson draws on two decades as a journalist covering everything from local economic developement to small business marketing. Beyond writing, she tested entrepreneurial waters by launching a mobile massage service, a content marketing firm and break-even analysis one hundred and one: how to calculate bep and apply it to your business an e-commerce venture.

There are other QuickBooks Online charges in addition to the monthly subscription fee. Protect sensitive data with user-level access to specific features and share reports with up to 5 log-ins. Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us construction projects to improve the way we help small businesses.

Cloud-based software operates entirely in the cloud (on the internet), whereas locally-installed software is downloaded and installed on a single, on-premise computer. The first major deciding factor is whether comparable store sales or not you want cloud-based or locally-installed software. As with QuickBooks Pro, Premier will no longer be available for purchase by new users after September 30, 2024. The answers to these questions should help you determine which plan is best for your business. QuickBooks Online is almost always offering a discount on its website, so be sure to check for any promotions before buying.

Make Sure You’re Using The Right QuickBooks Plan

If you are a sole proprietor who uses Schedule C (form 1040), QuickBooks Solopreneur is designed for businesses like yours. If you read the overview of each QuickBooks product, you may already have an idea of which version of QuickBooks is best for your small business. These five questions will help you narrow down your search and find what you’re looking for. However, QuickBooks Mac Plus does noticeably lack some of the features available on QuickBooks Online, including recurring invoices and live bank feeds. QuickBooks Mac Plus also has no integrations, whereas QBO has more than 750.

It’ll give its owner the rights to a digital media piece like a meme, GIF, photo, or artwork. That’s why digital creatives top game development software software development leap into it as a way of owning and marketing their work. This article aims to break down what you need to know to make money with NFTs. After all, NFTs aren’t only for the heavy hitters or those high-end art sellers. You, too, can make a fortune out of this blockchain technology.

As such, NFTs merely point to a corresponding file somewhere else on the web. As the veritable pioneer of NFTs, Ethereum (ETH) is the most popular cryptocurrency for digital artists, collectors, and investors. It created the first standard for NFT creation, outlining the process and necessary information that defines a valid NFT. The how to store and where to buy bitcoins possibility of turning art into nonfungible tokens is something that many artists are exploring as a potential way to sell their work. It is the process of minting NFTs at a low price and selling them at a higher price. Flipping typically involves a short-term strategy where valuable items can be bought and resold for a profit.

How Dave Chesson Earns Up To $14k/Month Publishing Books on Amazon

These ledger entries indicate when the transfer took place, how much crypto was transferred, and the wallet address the transfer was sent to. Anyone can examine every entry ever made to the ledger — it’s all completely open. Of course, because cryptocurrencies are anonymous, you’ll only see addresses corresponding to crypto wallets.

How To Make Money Off NFT Art

1. Keep in mind, as well, that NFTs and the underlying smart contract technology are both still in the early stages of their development.
2. Some of the top NFT games include My Crypto Heroes, Gods Unchained, Decentraland, and Sorare.
3. Essentially non-fungible means non-replaceable or one of a kind.

The best NFT displays are essentially 4K and 5K screens, but the best have tactile anti-glare screens to make the art look like it’s set on a canvas. Good how to buy bitcoin on binance examples include The Frame by Samsung, as well as screens from Meural and Canvia. Also look for screens that feature built-in NFT marketplace and wallet connectivity from an app. Yes, and NFT marketplaces are now offering alternatives to energy-hungry Ethererum with better carbon footprints. Check on your NFT marketplace which is being used and opt for one that suits your conscience.

How to make and sell an NFT: frequent questions

If you’re a skilled designer with an original style and a decent following, you might do pretty well. But even then, there’s no real recipe for success other than persistence and passion. If you love creating and you want to know how much you can make with NFTs, you’re the only one that can find out. This information includes, among other things, details about the corresponding item it’s linked to, where the item is located, and who created the item. For example, some artists include their digital signature in the NFT.

Create and Sell NFTs

Buy as many NFTs as you can, when they’re cheap, for the best chance of making money when you sell them. Also, generally speaking, staking is a relatively stable way to earn money from NFTs. You’ll also need to take into consideration any price appreciation or depreciation. When evaluating your potential profit and loss, remember to account for additional expenses like petrol, marketplace listing fees, and royalties given to the original owner.

Don’t forget to check out our Token Boom series if you want a weekly overview of the major events that are taking place in the industry. And you should also check NFT drops if you want to gain access to exclusive launches directly from an NFT artist that you can trade on NFT marketplaces. Staking refers to the process of depositing or “locking away” your coins into a DeFi protocol smart contract that generates yield. If you hold an NFT of a popular blue-chip project, you may have commercial IP rights. In that case, you could license out the IP to your specific token to someone who believes they can create a valuable product based on your character. Buy NFTs when they are undervalued and sell them when they are overvalued.

Click ‘Next’, then ‘Connect’, accept the terms of service and confirm you’re over 13 years old. If you prefer to use another service, or if you already have a digital wallet and know how it works, jump straight to step 4. Otherwise, we’ll talk you through how to set up your wallet and buy ETH in the next step.

The use of average inventory rather than just the year-end inventory balance helps minimize the impact of seasonal variations in turnover. For immediate access to a company’s inventory turnover rate, utilize the InvestingPro platform. Explore comprehensive analyses, historical data, and compare the company’s common stock performance against competitors. A higher Inventory Turnover Ratio coo vs ceo indicates faster inventory movement, implying effective sales strategies, reduced holding costs, and potentially lower risk of obsolete inventory. Conversely, a lower ratio might indicate overstocking, poor sales, or ineffective inventory management.

A low ratio can imply weak sales and/or possible excess inventory, also called overstocking. That helps balance the need to have items in stock while not reordering too often. The ITR of True Dreamers is 5 or 5 times which means it has sold its average inventory 5 times during 2022. In order to increase inventory turnover, a business must approach inventory management holistically and concentrate on finding ways to move goods more rapidly and profitably. A business may increase its inventory turnover and become more effective and lucrative by putting these tactics into practice. A deep dive into how different products perform, focusing on their turnover rates and profitability, can significantly influence resource allocation decisions.

Do you already work with a financial advisor?

The inventory turnover rate takes the inventory turnover ratio and divides that number into the number of days in the period. This calculation tells you how many days it takes to sell the inventory on hand. A company’s inventory turnover ratio reveals the number of times that it turned over its inventory in a given time period. This ratio is useful to a business in guiding its decisions regarding pricing, manufacturing, marketing, and purchasing.

Examples of inventory turnover ratio

The income statement of Duro Items Inc. shows a net sales of $660,000 and balance sheet shows an inventory amounting to $44,000. Two components of the formula of ITR are cost of goods sold and average inventory at cost. Cost of goods sold is equal to cost of goods manufactured (purchases for trading company) plus opening inventory less closing inventory. Average inventory in denominator part of the formula is equal to opening balance of inventory plus closing balance of inventory divided by two.

How Can Inventory Turnover Be Improved?

Some companies may use sales instead of COGS in the calculation, which would tend to inflate the resulting ratio. Analyzing an inventory turnover ratio in conjunction with industry benchmarks and historical trends can provide valuable insights into a company’s operational efficiency and competitiveness. However, tracking it over time or comparing it against a similar company’s ratio can be very useful. What a good inventory turnover ratio is can be subjective and varies by industry.

Generally, a higher inventory turnover ratio indicates efficient management of inventory because more sales are being made. For the retail industry, a good inventory turnover ratio might range from 5 to 10. However, it’s important to benchmark this ratio against industry standards or peers for more accurate insights.

Considering both profitability and turnover rates is essential for making xero accounting community informed inventory decisions. Companies need to make sure their high turnover is due to strong customer demand, rather than simply keeping too little stock on hand. Additionally, average value of inventory is used to offset seasonality effects. It is calculated by adding the value of inventory at the end of a period to the value of inventory at the end of the prior period and dividing the sum by 2.

1. It measures the frequency at which a company sells and replaces its inventory within a specific period.
2. Someone on our team will connect you with a financial professional in our network holding the correct designation and expertise.
3. However, it is possible for a company to have a very low inventory turnover ratio, which indicates that the company is holding onto its inventory for an extended period of time.
4. A high ratio typically means good inventory management, while a low ratio might indicate excess inventory or poor sales.

The company is avoiding overstocking or understocking, which can tie up capital or indicate missed sales opportunities. Inventory turnover is a measure of the number of times inventory is sold or used in a given period of time, such as a year. It is a good indicator of inventory quality (whether or not inventory is obsolete), efficient purchasing practices, and inventory management. This ratio is important because gross profit is earned each time inventory is turned. This ratio is used to determine how many times a company has sold and replaced its inventory within a given period.

Formula

Average Inventory is the mean value of the inventory during a specific period, typically calculated by adding the beginning and ending inventory for a period and dividing by two. The speed with which a company can turn over inventory is a critical measure of business performance. Retailers that turn inventory into sales faster tend to outperform comparable competitors. Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Income ratio is a metric used to measure the ability of a technology to recover the investment costs through savings achieved from customer utility bill cost reduction.