Money and you
Currencies in Europe: what you need to know
Europe is not all about euros! After all, countries maintain their own currencies, each with unique value and history. And sometimes, especially when you travel across Europe, knowing more about those currencies and having a way of quickly using them can save you a great deal of headaches. In this article, Genome’s team will review common currencies in Europe so that you’re always aware of currency exchange options when conducting business or just visiting Europe. Why Europe has multiple currencies The abundance of different currencies within Europe shows its complex history, national identities, and economic policies. These factors greatly contributed
Money and you
Essential responsible gambling tips for a safe and financially sound play experience
Responsible gambling tips are important for anyone who wants to place some bets. The right advice can help bettors avoid problem gambling issues. Following this advice increases the enjoyment of betting sites and helps keep the player’s financial health in order, too. To support responsible gambling and help users avoid gambling problems, our team has prepared some important tips to follow. We’ll be looking at how gambling activities can be safer when carried out responsibly. Understanding responsible gambling What is responsible betting, and how can people avoid becoming problem gamblers? This is about the way you view gambling and use
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Choosing the best money transfer app for your financial needs
Want to access seamless and fast money transfers while holding a smartphone? In 2024, it is a common wish for many people who want to prioritize time and convenience. According to the latest research on the topic, 40% of mobile users in 35 countries around the world will start actively using mobile financial apps in the next 5 years. Thus, such a feature will certainly increase demand. Want to learn what the primary advantages the best international money transfer app should possess? Find out below! What is a money transfer app? A money transfer app is a digital tool that
Money and you
Is Black Friday worth it? A financial guide
Originally a U.S. post-Thanksgiving shopping event, Black Friday has transformed into a global retail frenzy. The promise of huge discounts and exclusive Black Friday deals excites people’s minds from all over the world. Savvy shopping requires smart financial services, like we have in Genome, to optimize spending during sales and get the best deal on Black Friday. Find out more in the article below. Understanding Black Friday deals A Black Friday deal is a time-limited discount that allows huge savings from the original price. These deals are often heavily advertised, targeting high-demand products to attract as many people as possible
Money and you
Where to exchange currency: best options and tips for 2024
A bank account with a debit card is not the be-all and end-all of financial services, as multiple features make up a complete financial experience. One such service is the exchange of currencies, as people might require it for many reasons. Find out how this service works, the best options to exchange currencies, and what problems you can face when doing so. What is a currency exchange? Currency exchange is a process that occurs when one currency is converted into another. It can happen with physical cash or online. A person or a legal entity can initiate the exchange process
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Gross profit vs net profit: a comprehensive guide for entrepreneurs
Gross and net profits are a must if you want to better understand your company’s profitability. In this article, we will compare gross profit vs. net profit and explain how they are calculated and why they are important for a business’s financial health and financial goals. What is gross profit? A business gross profit refers to the funds your business earned over a specific period, excluding the cost of goods sold. You can find gross profit (aka gross income) on a company’s income statement. Identifying the business’s gross profit allows companies to understand if they earn enough funds to keep
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Cash flow forecasting 101: how to ensure liquidity and financial stability
Cash flow forecasting is not some fancy term; it is a significant tool for any business. It’s all about predicting cash inflows and outflows for the future. In the article, our team will explain how it works, provide examples of the best software and tools for cash flow forecasts, and answer the most common questions about determining future cash flow. What is a cash flow forecast? A cash flow forecast is a financial tool that estimates the amount of all the money expected to flow in and out of a company over a specific period, from a few weeks to
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Salary advance: how it works and what you need to know
Work is not just about 9-to-5 tasks, calls, and meetings. Sometimes, other matters are at hand, and you need to be aware of your options. For instance, you may need to receive your salary earlier to pay for unexpected expenses. It is what a salary advance is used for. Still, salary advances have benefits and drawbacks. This article will explore the pros and cons of a salary advance request and explain how it works. What is a salary advance? A salary advance (sometimes called payroll advance) refers to a situation when a business allows its employee to receive a portion
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Gross salary meaning: differentiating between gross pay and net pay
Managing a business is not only about producing products and making a profit. Mutual respect and trust between employers and their staff are crucial to the company’s success. That’s why a business owner and their salaried employees need to understand the concepts of gross salary (gross pay) and what it consists of. In this article, you will learn more about gross pay and how it differs from net pay. What is a gross salary? Also known as gross pay, gross salary is the term that describes the individual’s total earnings (based on hourly rate, monthly salary, etc.) before any expenses