Widespread data breaches and identity theft have everyday Americans looking for ways to make their…
Ask the Experts: Business Planning
What Is an Average Collection Period?
The average collection period is the time it takes for a company’s clients to pay…
How to Calculate Contribution Margin
When taking a look at how your business is doing financially, it’s tempting to focus…
What is Capital Budgeting?
It’s common to have many projects on your to-do list when running a business, and…
What Is Managerial Accounting?
When most people think of accounting, they think of a complex web of rules and…
How to Calculate Working Capital
Businesses looking to get a handle on their day-to-day spending and operations can learn a…
Quick Ratio vs. Current Ratio: What’s The Difference?
When running a business, you need to be able to look at your finances at…
What is a Pro Forma Income Statement?
A pro forma income statement is a document that shows a business’s adjusted income if…
How to Find Retained Earnings
Retained earnings refers to business earnings that are kept, not disbursed. More specifically, retained earnings…
