For instance, occupations related to nursing and childcare exhibit exceptionally high female shares, with figures reaching over 90 per cent. Positions in teaching and education also boast a significant female presence, especially in primary school and early childhood teaching. Similarly, elementary occupations related to cooking and cleaning have high shares of women, as do clerical and librarian positions. Salary and benefits transparency, including gender-neutral job description, is essential to attracting women to pink collar jobs and demonstrates an employer’s dedication to fair compensation. Employers can address pink collar job challenges by implementing policies ensuring fair compensation based on skills and experience, rather than gender, thus improving job attraction and retention.

Healthcare and Personal Care: The Backbone of Pink Collar Work

For example, 89 per cent of childcare service managers and 78 per cent of aged care service managers are women. Conversely, a mere 1 per cent of mining managers are women, unsurprisingly given the mining sector is male dominated. Meanwhile, there is a more balanced gender representation for managers in public relations, human resources, finance, and business services, where women hold almost half of these managerial positions. These findings reflect not just a gap in numbers but, more importantly, in opportunities, empowerment, and perceptions. The stubborn gendered nature of care work has had severe implications for women’s labour market outcomes, economic independence, and broader gender equality. Failure to address these evolving needs might further accentuate gender inequalities in the workforce and place an additional burden on the already strained care workers, especially in the aftermath of COVID-19 pandemic.

Gender imbalances across occupations and sectors

It is important for organizations to manage conflict effectively in order to maintain a functional and positive work environment. This can be achieved through open communication, conflict resolution training, and jobs that have been feminized, such as teaching or secretarial work, are also referred to as promoting a culture of respect and collaboration. The term “powder-puff jobs” is not commonly used to describe feminized jobs and may be considered derogatory. “Girls’ clubs” is also not a common term used to describe feminized jobs, as it may be seen as dismissive of the work and contributions of women. Jobs that have been feminized, such as teaching or secretarial work, are also referred to as Pink-collar jobs.

• In November, nurses voted to authorize another strike over the holiday season, but they ratified a contract addressing their main concerns of chronic understaffing and wages.
• Despite these efforts, as of 2020, less than 10% (9.4%) of registered nurses were men, underscoring the gender imbalance within the nursing profession.
• It is important to note that the specific powers and authority of governors vary by jurisdiction, so this response pertains specifically to the governor of Texas.
• Having women in positions of power does not necessarily improve material conditions for all women.

What is a pink collar profession?

Gold-collar jobs refer to highly-skilled professionals in high-demand fields, such as doctors, lawyers, engineers, pilots, and scientists. The so-called ‘pink ghetto’ confines women to non-managerial roles, leading to assumptions that women prioritize family life over work and thus perpetuating the glass ceiling. Anaas said she likely would have been laid off as a new nurse during the 2008 recession. However, nurses with more seniority offered to use their paid time off and sick hours so newer nurses could continue working in order to secure the future of nursing.

What Does it Take to Truly Take Care of a Patient? Nurses Say Safe Staffing Levels.

• Be ready to explain more technical aspects of your speech.Rehearse possible answers ahead of time.Ask friends and colleagues to critique your speech and ask you questions.
• In particular, astronomers have found that some stars exhibit spectral lines corresponding to elements heavier than hydrogen and helium, such as carbon, oxygen, iron, and gold.
• They are predominantly characterized by self-employment, smaller enterprises, higher rates of informality, and generally lower wages and productivity.
• Particularly, domestic workers employed directly by households have the most significant proportion of women.
• Identity is also a factor that can be used in MFA, as it involves verifying the user’s personal information or biometric data to confirm their identity.

Two in five STEM workers are now women according to the most recent global estimate based on available data. Some countries including Mongolia, Belarus and Lesotho are now leading the charge with female representation in these occupations, with women comprising more than half of STEM employment. However, on the flip side, countries including Pakistan, the United Arab Emirates, Burkina Faso, and Iraq still have a considerable journey ahead, with women constituting less than a quarter of their STEM workforce. Unsurprisingly, women still occupy traditionally female roles in the workplace across many sectors and occupations.

Tourism stands out as a vibrant sector, buzzing with opportunities for women and youth. Despite being recognized for its labour-intensive nature, tourism has become a beacon of hope for women – many of whom rise to become entrepreneurs – in various corners of the world. Moreover, it serves as an economic diversification catalyst, especially in secluded rural and remote areas. In particular, the food and beverages sector as well as the accommodation sector lead in female employment. They are predominantly characterized by self-employment, smaller enterprises, higher rates of informality, and generally lower wages and productivity. Encouraging workforce diversity entails utilizing skills-based hiring, sharing performance information, and cultivating a workplace culture that values diversity and inclusion.

This paper explores whether clerical workers have been proletarianized by using the Australian Public Service (APS) as a case study. This proletarian class situation was reflected in an order taker’s culture of informality, cynicism, hedonism and alienation. Since the late 1980s however technological change and workplace restructuring have markedly reduced the number of unskilled and lower paid jobs in the APS, thereby belying widespread predictions of deskilling. I conclude that proletarianization is more likely to have arisen from a decline in the status of clerical work during the course of the twentieth century rather than from a process of deskilling. Notwithstanding the fact that their class situations were predominantly proletarian, most clerks have identified as middle class.

In the mining frontier of the far west, women did not enjoy greater opportunities than back east. Sportsmanship is a term that encompasses the belief and expectation that athletes will demonstrate fair play, integrity, and ethical conduct in their actions, even when faced with moral dilemmas. It includes qualities such as honesty, respect, and adherence to the rules and spirit of the game.

These heavy elements can only be formed through nuclear fusion reactions that take place in the cores of stars, which can reach temperatures and pressures high enough to fuse lighter elements into heavier ones. The full faith and credit clause is a term in US Constitutional law that refers to the requirement that each state in the country must recognize the legal proceedings and judgments of other states. A well-known Catholic theologian who has written substantially on the topic of science and religion is Elizabeth Johnson. In order to properly respond to your question, it would be useful if I knew specifically to which of her arguments you are referring.

Companies need to make certain the sales price is higher than the prime costs and the overhead costs. In some industries, the company has no control over the costs it must pay, like tire disposal fees. To ensure that the company is profitable, an additional cost is added and the price is modified as necessary. In this example, the guarantee offered by Discount Tire does not include the disposal fee in overhead and increases that fee as necessary.

• Another way to view it is overhead costs are those production costs that are not categorized as direct materials or direct labor.
• However, there is a strong need to constantly update the production level depending on the seasonal fluctuations and the factor affecting the demand of the product.
• Thus the organization gets a clear idea of the expenses allocated and the expected profits during the year.
• The predetermined overhead rate computed above is known as single or plant-wide overhead rate which is mostly used by small companies.
• In real life, overhead allocation is a tool used by many businesses across multiple sectors for proper cost accounting and financial reporting.
• The estimated manufacturing overhead cost applied to the job during the accounting period will be 1,494.

Example 2: Cost per Hour

It’s also important to note that budgeted figures in calculating contribution margin overhead rates are used due to seasonal fluctuation/expected changes in the external environment. Carefully tracking overhead expenses is key for small businesses to optimize costs. This involves categorizing all overhead costs and regularly analyzing them to identify potential savings. Knowing the overhead cost per unit allows the business to set competitive pricing while still covering their indirect expenses. The key is choosing an appropriate cost driver – like machine hours in manufacturing or headcount in sales – to distribute overhead expenses. Calculating overhead rates accurately is critical, yet often confusing, for businesses.

Conclusion: Mastering Overhead Rate Calculation for Improved Financial Health

This means that for every hour of work the marketing agency performs, it will incur $20 in overhead costs. The best way to predict your overhead costs is to track these costs on a monthly basis. On the other hand, if the business wants to use actual overheads, it has to wait for the end of the month and predetermined overhead rate get invoices in hand. So, it may not be a good idea with perspective to effective business management. The business is labor-intensive, and the total hours for the period are estimated to be 10,000.

• To calculate a predetermined overhead rate, estimate overhead costs, estimate activity level, and divide the estimated overhead costs by the estimated activity level.
• In order to estimate the predetermined overhead rate it is first necessary to to decide on an activity base on which to apply overhead costs to a product.
• The manufacturing plant requires 1000 labor hours to manufacture 500 units of a specific product, which we assume as product X.
• Plus, the information can be used in pricing decisions and profitability analysis of each product.
• Two companies, ABC company, and XYZ company are competing to get a massive order that will make them much recognized in the market.

Determining Estimated Overhead Cost

When companies begin the Budgeting for Nonprofits planning process of manufacturing a product, cost projections are a large and important focus. Calculating a predetermined overhead rate is one of the first tasks management will take on because it provides a formula to estimate the production costs of a product in advance. Specifically, the predetermined overhead rate is an approximated ratio of manufacturing overhead costs determined in advance based on variable and fixed costs.

Forecast future overhead costs based on historical data, industry trends, and expected changes in production volume. This option is best if you’re unsure of how to calculate your predetermined overhead rate or if you don’t have the time to do it yourself. It’s a completely estimated amount that changes with the change in the level of activity.

Practical Application of Overhead Rates in Business

• A business needs to estimate its total overheads for a period and estimate its total units or activity basis for the predetermined overhead rates.
• This is calculated at the start of the accounting period and applied to production to facilitate determining a standard cost for a product.
• In this article, we will discuss the predetermined overhead rate, why it matters, and how to calculate it.
• Larger organizations may employ a different predetermined overhead rate in each production department, which tends to improve the accuracy of overhead application by employing a higher level of precision.
• Direct costs include direct labor, direct materials, manufacturing supplies, and wages tied to production.

For example, assume a company expects its total manufacturing costs to amount to $400,000 in the coming period and the company expects the staff to work a total of 20,000 direct labor hours. In order to calculate the predetermined overhead rate for the coming period, the total manufacturing costs of $400,000 is divided by the estimated 20,000 direct labor hours. While predetermined overhead rates are widely used and needed for businesses, they may have some limitations. A business needs to estimate its total overheads for a period and estimate its total units or activity basis for the predetermined overhead rates.

• This rate is then applied to actual production or service delivery, allowing businesses to assign overhead costs accurately.
• This allows businesses to capture the full cost of production in their accounting.
• It’s essential to fully understand the allocation base and allocation rate or variance for the predetermined overhead rate.
• One of the key elements in determining the overhead rate is calculating direct labor hours.
• Before jumping to detail, let’s go through the basic overview and key definition first.
• For a deeper appreciation and understanding of the concept of overhead allocation, tangible examples can be incredibly helpful.

Activity and Cost Bases

The most important step in calculating your predetermined overhead rate is to accurately estimate your overhead costs. Businesses rely on the predetermined overhead rate to accurately estimate costs, set competitive prices, and make informed financial decisions. Many accountants always ask about specific time which we need to do this, at what point in time is the predetermined overhead rate calculated. The predetermined rate usually be calculated at the beginning of the accounting period by relying on the management experience and prior year data. Using the predetermined overhead rate formula and calculation provides businesses with a percentage they can monitor on a quarterly, monthly, or even weekly basis.

For a deeper appreciation and understanding of the concept of overhead allocation, tangible examples can be incredibly helpful. These examples are meant to better illustrate what we’ve discussed about overhead allocation in the world of business, showing how these concepts are put into practice. Overhead cost allocation is much more than merely using math to distribute costs. It’s an integral part of financial decision-making, pricing strategy, and profitability analysis of a company. When it comes to managing a business, mastering every aspect of your financials is vital.

These contracts are legally binding, which means that the borrower is obligated to follow the repayment terms outlined in the note. All Notes Payable amounts must be properly recorded in the general journal and on the balance sheet. The notes payable, on the other hand, that are due after one year are classified on the balance sheet as non-current (long-term) liabilities.

What Is Included In Notes Payable?

Instead, it’s accumulated as ‘Interest Payable’ under current liabilities. However, in cases where the note payable is issued at a discounted rate, the discount is calculated and subtracted from the face value of the note to determine the cash received. The difference is then recognised as interest expense over the life of the note. Short-term loans to be repaid in one year or under are considered current liabilities, while Notes Payable with a term of over one year are recorded as long-term liabilities.

There are no payments made during the loan period—everything is due at maturity. It ensures transparency in financial reporting, establishes credibility with lenders, investors and shareholders, and keeps check on cash flows and profitability. Moreover, the interest payable on these notes, accumulated over the borrowing period, is also a significant component affecting the balance sheet.

Transaction Matching

• Hence, making the transactions between the two businesses more efficient.
• National Company prepares its financial statements on December 31, each year.
• Here’s a closer look at what the notes payable account is, and what function it serves in business accounting.

Therefore, it should be charged to expense over the life of the note rather than at the time of obtaining the loan. The notes payable are not issued to general public or traded in the market like bonds, shares or other trading securities. They are bilateral agreements between issuing company and a financial institution or a trading partner. If the borrower decides to pay the loan before the due date of the note payable, the computation of interest will not be done for the pre-decided period. Instead, the interest expense will be calculated for an exact period until the loan was paid. In the example discussed above, the loan of $20,000 was taken from the bank.

Journal Entries

• Both notes payable and short-term debt are financial obligations a business records on its balance sheet, but they differ in structure, purpose, and timing.
• On the maturity date, only the Note Payable account is debited for the principal amount.
• They provide necessary capital, tax deductions as paid interests are often tax-deductible, and flexibility in repayments based on cash flow.
• These are debit entries with the cash accounts being credited, considering the amount received as debt from lenders, which indicate the borrowers’ liabilities.

On June 1, Edmunds Co. receives a $30,000, three-year note from Virginia Simms Ltd. in exchange for some swamp land. The land has a historic cost of $5,000 but neither the market rate nor the fair value of the land can be determined. Notes payable are initially recognized at the fair value on the date that the note is legally executed (usually upon signing). Subsequent valuation is measured at amortized cost using the effective interest rate.

Is Notes Payable an Asset or a Liability?

Here, notes payable is a debit entry as it leaves no further liability. The cash account, however, has a credit entry, given the cash outflow in making repayments, which records a decreased asset. As you can see, the notes payable account cannot be recognized as an asset account. This is because this account reflects the money that is owed by a note maker under the terms of an issued promissory note. The borrower that issues a promissory note has to record the amount of money received or owed in his accounting books as notes payable.

The wine supplier, rather, invoices the bar for the purchase to streamline the drop-off and make paying easier for the bar. Hence, making the transactions between the two businesses more efficient. Debit your Notes Payable account and debit your Cash account to show a decrease for paying back the loan. Empire Construction Ltd. (debtor) makes no entry since it still legally owes the debt amount, unless the impairment results in a troubled debt restructuring, which is discussed next.

It differs from Accounts Payable, which is used when firms purchase goods and services from the other party on credit and expect to pay for them later. Since it is evident that notes payable is not an asset, is it a liability? To run their day-to-day business operations, companies often take on short-term liabilities to maintain an adequate amount of working capital.

Notes Payable Vs Short-term Debt: What’s the Difference

The content provided on accountingsuperpowers.com and accompanying courses is intended for educational and informational purposes only to help business owners understand general accounting issues. The content is not intended as advice for a specific accounting situation or as a substitute for professional advice from a licensed CPA. Accounting practices, tax laws, and regulations vary from jurisdiction to jurisdiction, so speak with a local accounting professional regarding your business. Reliance on any information provided on this site or courses is solely at your own risk. Now, it’s time to dive into the practical utilisation of Notes Payable in business accounting. In the forthcoming sections, you’ll also delve into several real-life examples and study the implications of correctly accounting for Notes Payable.

These include the interest rate, property pledged as security, payment terms, due dates, and any restrictive covenants. Restrictive covenants are any quantifiable measures that is notes payable an asset are given minimum threshold values that the borrower must maintain. Maintenance of certain ratio thresholds, such as the current ratio or debt to equity ratios, are all common measures identified in restrictive covenants.

Notes payable is not an asset account but a liability account and as a liability, it can be classified either as a current or long-term liability depending on the maturity date of the note. The notes payable that are due within the next 12 months are classified on the balance sheet as current or short-term liabilities. Typical examples of when notes payable are short-term include bulk purchasing of materials from suppliers and manufacturers or bulk licensing of software to cover a company’s large user base.

The group has helped hundreds of individual, business, and nonprofit clients and specializes in IRS Resolution and Forensic Accounting, including IRS settlement negotiations and agreements. Clients also benefit from iCloud computing technology and state-of-the-art software. Ronald A Muscarella is a CPA with close to 30 years of Travel Agency Accounting experience, a member of the AICPA, and a QuickBooks ProAdvisor and has served as an expert witness as well.

• All services are tailored per the client’s needs, and JEM specializes in flight attendant tax preparation as well.
• We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll.
• Get addresses, phone numbers, and website links for local accountants, CPAs, and tax preparation services.
• Small business owners in Florida spend an average of eight hours a month performing payroll functions.
• The information shared below will provide you with general information about certain U.S. tax topics.

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As experienced tax practitioners and as an IRS Enrolled Agent specializing in Federal and state taxation, we are here to help you with all of your tax filing and compliance needs. We may be based in sunny Florida, know that we are licensed to represent you across all fifty states and have successfully represented clients in out of state audits and can prepare and e-file in all states. Whether you live or recently moved to Florida we can help you file and represent you across the country.

• John Folson, CPA is a QuickBooks Certified ProAdvisor and a member of the AICPA, and the team of CPAs can also help individuals and organizations applying for a healthcare license with the Florida AHCA.
• Please check with your home country tax experts if you will be allowed to claim a foreign tax credit to avoid double taxation.
• State taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA’s, 401K’s, annuities, burial or cremation costs, and intent regarding death-postponing treatment to name a few.
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They also would not ask you for a debit card number or a credit card number over the phone. The IRS would not threaten to bring in law enforcements to arrest you for not paying. U.S. social security numbers are issued by the Social Security Administration with the proper immigration status or proof of U.S. citizenship. Individual taxpayer identification numbers (“ITIN”) are issued by how is sales tax calculated the Internal Revenue Service (“IRS”) strictly for tax purposes. An ITIN does not provide social security benefits and does not give the right to work in the United States.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize bookkeeping services fort lauderdale your taxes throughout the year, not just at the end of the year. Planning is the key to successfully and legally reducing your tax liability. Our Fort Lauderdale CPA firm go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

She also provides support for the overall internal operations of the firm. Originally from the United Kingdom, Angela Grealy joined Marcoux CPA in 2017. She graduated from Florida Atlantic University with a Bachelor of Science degree in Business Administration with a concentration in Accounting. She obtained the Enrolled Agent status issued by the IRS which allows her to represent taxpayers before the IRS. She specializes in FIRPTA, preparation of non-US residents tax returns and preparation of payroll tax returns.

XYZ company needs to pay its employee liability insurance for the fiscal year ending December 31, 2018, which amounted to $10,000. The company has paid $10,000 of the insurance premium for the entire year at the beginning of the first quarter. This blog covers the ins and outs of prepaid insurance, its importance, advantages, examples, ways of recording, calculations, and much more. Insurance cancellation penalties effectively increase your recognized expenses beyond the time-on-risk portion, as they’re treated as supplementary costs rather than separate penalty expenses.

Cheapest Car Insurance of December 2023

Proper asset management requires classifying prepaid insurance based on coverage timeframes. Only policies with coverage extending beyond 12 months qualify as long-term assets; all others remain current assets. This distinction matters greatly for working capital calculations and liquidity analysis. Prepaid expenses can significantly influence financial ratios by inflating current assets, potentially skewing perception of your company’s liquidity position. The payment of the insurance expense is similar to money in the bank, and as the money is used up, it is withdrawn from the account in each month or accounting period.

An insurance premium is an amount that an organization pays on behalf of its employees and the policies that a business has rendered. The expense, unexpired and prepaid, is reported in the books of accounts under current assets. This deferred recognition is due to the fact that the prepaid insurance is initially carried as a current asset on the insurance company’s balance sheet, reflecting the paid but unused coverage.

Can Prepaid Insurance Be Sold or Transferred Between Companies?

• By aligning premiums with actual usage, this alternative offers a personalized and potentially cost-effective option for those who may find prepaid insurance less suitable for their needs.
• Your business credit ratings may improve as prepaid insurance signals reduced risk perception and strengthens financial health indicators.
• Businesses often pay for insurance in advance, securing coverage for future periods.
• Standardized policy forms, such as those issued by the Insurance Services Office (ISO), define how prepaid amounts are allocated and when they are recognized as earned.
• However, if the coverage goes beyond 12 months, the part over one year is labeled as a long-term asset.
• When you prepay rent, you record the entire $6,000 as an asset on the balance sheet.

If an amount is owed to the insurance company, there should be a liability account with a credit balance for the amount owed as of the balance sheet date. The adjusting journal entry for a prepaid expense, however, does affect both a company’s income statement and balance sheet. The adjusting entry on January 31 would result in an expense of $10,000 (rent expense) and a decrease in assets of $10,000 (prepaid rent).

The Nature of Prepaid Insurance in Accounting

HighRadius empowers accounting teams to work more efficiently, accurately, and collaboratively, enabling them to add greater value to their organizations’ accounting processes. For example, on September 01, 2020, the company ABC Ltd. pays $1,200 for one year of fire insurance which covers from September 01, 2020. Prepaid insurance positively impacts your credit score implications and loan approval process. Pre-loss prepaid transfer typically occurs during mergers, acquisitions, or asset purchases. This way, you can make educated choices that fit your budget and long-term business plans. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online.

Balance Sheet

The IRS allows immediate tax benefits for prepaid insurance under the 12-month rule, permitting deductions in the current is prepaid insurance an asset tax year if coverage doesn’t exceed 12 months from payment. Cash-basis taxpayers can deduct these expenses immediately, while accrual-basis taxpayers must satisfy both all-events and economic performance tests. This is done with an adjusting entry at the end of each accounting period (e.g. monthly). One objective of the adjusting entry is to match the proper amount of insurance expense to the period indicated on the income statement. If the insurance covers 12 months or less, businesses can write off the full amount as an expense on their income statement in the year they pay.

Thus, the amount charged to expense in an accounting period is only the amount of the prepaid insurance asset ratably assigned to that period. For example, the following journal entry shows an initial payment of $12,000 for one year of insurance, which is recorded as an asset. That means prepaid items can’t be immediately expensed when the benefit extends beyond the current accounting period. As time passes or the benefit is consumed, the expense is recognized on the income statement through a systematic write-down of the prepaid asset. For example, a 12-month insurance policy paid in full at the beginning of the year would typically be expensed monthly over the policy’s life.

At the end of each month, an adjusting entry of $400 will be recorded to debit Insurance Expense and credit Prepaid Insurance. Your business credit ratings may improve as prepaid insurance signals reduced risk perception and strengthens financial health indicators. Profitability metrics experience temporary inflation since amortization timing delays expense recognition.

Financial Reporting

• Accounts payable is a liability since it’s money owed to creditors and is listed under current liabilities on the balance sheet.
• This method guarantees that expenses are accurately allocated during the prepaid period, reflecting the steady utilization of insurance coverage.
• Businesses can further simplify their accounting processes with AI/ML-powered Transaction Matching automating data extraction and reconciliation enabling firms to experience an auto match rate of 90%.
• Since half of the coverage duration has passed, an insurance expense debit of $900 is recorded, and a corresponding credit of $900 is entered into the prepaid insurance account.
• If an amount is owed to the insurance company, there should be a liability account with a credit balance for the amount owed as of the balance sheet date.

The prepaid insurance is recorded as an asset on the balance sheet and is amortized over the coverage period. Under GAAP, you can recognize prepaid insurance as an asset when it represents a probable future economic benefit that you control and can reliably measure. This aligns with FASB’s asset valuation principles that focus on economic substance.

However, transitioning to accrual-basis accounting is often necessary as a business matures to gain more reliable financial insights, but it requires a shift in mindset. Proper classification and amortization of prepaid expenses are essential to maintaining compliance with GAAP and ensuring transparency. It’s important to establish clear internal policies for reviewing, documenting and amortizing prepaid assets. Initially, prepaid insurance payments are recorded as current assets on the balance sheet, transitioning to an expense as coverage begins.

Contact us if your business is transitioning to accrual accounting or you’re unsure how to expense prepayments. We can evaluate your current reporting practices and optimize your prepayment strategy. The debt to the prepaid insurance account increases the asset value, signifying that the company has paid for coverage that will be utilized in the future.

Treasury & Risk

The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur including the potential loss of principal. The insurance used for December will be reported as an Insurance Expense on December’s income statement. HighRadius is redefining treasury with AI-driven tools like LiveCube for predictive forecasting and no-code scenario building. Its Cash Management module automates bank integration, global visibility, cash positioning, target balances, and reconciliation—streamlining end-to-end treasury operations.