Break-Even Sales Formula: How to use it and why it matters
The break-even sales formula tells you if your company's revenue = expenses. Or simply how many products you need to sell to make a profit.
The break-even sales formula tells you if your company's revenue = expenses. Or simply how many products you need to sell to make a profit.
Your working capital ratio (also referred to as your current ratio) and cash conversion cycle are important measures of your company's liquidity.
With inflation soaring to 8.6% in May, every business owner, no matter the industry, should update forecasts with the assumption of higher costs. There are two things that you can do as a business owner to prepare for inflation and protect your profit. The first thing is to monitor costs and secure your prices from suppliers, either over the short-term or long-term. The second thing is to raise your prices.
There are many benefits of ERP systems. Given a turbulent economic climate over the last three years and increasing security concerns, it's no wonder more…
We will cover inventory accounting best practices, including inventory tracking, and the key inventory accounting concepts you should know. Given ongoing supply chain troubles, skyrocketing…
Have you hired a NetSuite accountant? You’ve just invested tens of thousands of dollars into the best ERP out there: NetSuite. And yet, you still…
With employee retention, inflation and a looming recession all front of mind for business owners, it can be tricky to balance the effect labor costs have on your bottom line. In the United States, WTW's budget planning survey showed companies are projecting an average salary increase of 4.1% in 2023. But, even if your company is included in that estimate, there may be other ways to reduce labor costs.
A common question we get asked: what does a fractional CFO do? So, you're in need of some financial guidance but don't want to break…
Our favorite type of client? One that has been growing so fast they haven’t had time to really put their financial reports to work. There is so much room for improvement in a company that is already growing but doesn’t yet know how to glean value from their financial reports.
If there’s one thing we might recommend to new clients when they ask about a possible recession, it’s to consider our fractional CFO services. A fractional CFO (also referred to as an outsourced CFO) is a financial partner to to drive growth when there is an opportunity and to help weather a recession if you see a downturn.