Money Flow Diagram. We will learn the difference between growing in size and growing in quality and review some of the characteristics of strong and weak economies. Use this flowchart to help you understand what client money is and how to check you are protecting it.
Market for goods and services where households purchase goods and services from firms in exchange for money. When using this flowchart it is important to be aware that there are other rules and guidance within the fsa handbook that may be relevant to your situation. We start with a simple horizontal time line.
Money sender goes into local agent aka originating agent and provides funds to be remitted including a fee and transaction information.
A properly constructed flow of funds diagram would identify various elements of a transaction such as. Plastic money flow chart. Comparing that result with the number for the previous day tells traders whether money. In this video we cover how the very popular pay yourself first budget method works.