ContentWhat affects the working capital cycle?See advice specific to your businessWhat working capital means for a businessWorking capital and the balance sheetWe can help your business growWorking capital: why it’s important to your business The working capital requirement therefore is the amount of finance you need...
TechGadgets Inc., has an outstanding AR balance that needs careful examination to gauge its creditworthiness. With an anticipated invoice for $5,000 from a customer, TechGadgets Inc. must factor in a collection cost of $200. Additionally, considering customer liquidity problems or poor economic conditions, the company...
Running a business is a learning process – and just like your employees, you can learn and improve. Sometimes people just won't fit into your culture, which is again why making the right employee choice is so important. Firing people should be a last resort...
ContentIncome Statement Impact of Bad StandardsFeatured BusinessesIs Standard Costing For Determining Profitability?Standard Costing’s Time Has Finally Come…To Its EndJoin PRO or PRO Plus and Get Lifetime Access to Our Premium MaterialsCorrections Impact of Bad StandardsWhat are the features of Standard Costing? Assume, for example, that in...
Contents:Silicon Valley Bank Failure. What You Need to Know About the SVB CollapseItemize All Incoming and Outgoing TransactionsRent Manager This is an article unto itself, but suffice it to say, talk to a professional accountant or CPA to make sure you get this right. The same...
ContentSelf-employment tax FAQPaying self-employment taxHow the Self-Employment Tax WorksSelf-employment income tax basicsHow to pay yourself in an LLCCalculate your self-employment tax If you drive for Uber only on the weekends or sell the occasional piece of jewelry on Etsy, self employment tax liable for the full...
Contents:PricingSelect a CountryWhat are the Steps for Entering Third-party Payroll into QuickBooks?Step 1: Create manual tracking accounts Advantages Justworks offers two plans—Basic for $59 and Plus for $99 per person per month. As you hit 50 workers, Justworks reduces the rate per person by $10....
ContentWhat do Escrow Accounts Not Cover?Understanding in EscrowWhat Happens if I Put Too Much Money in My Escrow Account?Escrow: What Is It And How Does It Work?Internet escrow To secure the buyer’s good faith deposit and ensure that the money is delivered to the seller or...
If the costs (and subsequent sales) don’t justify supporting a particular product, then it’s time to discontinue it. Thanks to greater volume discounts, or economies of scale (as your unit volumes increase), the average unit cost also reduces. While the cost per unit refers to...
ContentHow to get paid on timeEnergy Finance MasterclassCash Conversion Ratio WorkoutThe Power of Your Cash Conversion CycleWhat is cycle time? A supplier will be hesitant to supply any business with goods if in the opinion of the supplier the business does not have adequate liquidity....