Does your business have enough liquid assets to cover short-term liabilities in a pinch? To find out, you can use the quick ratio. Keep reading to learn the quick ratio definition, how to calculate your ratio, and more.
Read More What Is Quick Ratio? Learn How to Swiftly Calculate This MetricKaylee DeWitt
Do You Know How to Calculate Your Business’s Burden Rate?
Running a business has some indirect costs. These costs aren’t always apparent, which is why they’re the hidden costs of running a business. It’s important to keep track of your business’s indirect costs. And, you should know how your indirect costs compare to your direct costs. To do this, you’ll need to find your burden […]
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What Are the Federal Tax Forms for an LLC?
Structuring your business as a limited liability company (LLC) can have great benefits, but filing small business tax returns can get confusing. Because LLCs take aspects of both corporations and partnerships, there is not a standard LLC form you will use. Learn about the different tax forms for an LLC.
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What Are Direct Costs?
When pricing your products, you must consider the cost of making the product, including the direct costs. Find out below what direct costs are, including examples and how to calculate them.
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What Is Operating Income?
When you are tracking your business’s financial health, you will track many indicators. And if you are seeking money from investors and creditors, they will want to see these numbers, too. Operating income is one of the numbers you should calculate.
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How to Increase Net Profit
Would you like your business to earn more? Of course you do! When you learn how to increase net profit, your business will have more money after expenses and become more stable.
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Accounting for Startup Costs (Plus How to Handle Taxes)
New businesses typically incur expenses before the business is up and running. You might need to research your market, hire a consultant, travel to potential suppliers, or open a facility. These are startup costs. When you incur startup costs, you must accurately record the corresponding ledger entries in your accounting books. And, you must properly […]
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5 Employee Theft Prevention Tips
Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple.
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What Is Liquidity?
Does your business have enough money to pay off debts? If you aren’t sure, then you need to learn about liquidity.
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What to Do When a Customer Check Bounces
If you accept check payments from customers, you need to know that the checks might not always clear. A customer might not have enough in their bank account to cover the check amount. Learn what to do with checks that bounce.
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