Author: Anfisa Dmitrieva

The word ‘mindset’ gets tossed around a lot, and it’s easy to brush it off as a non-essential requirement to grow a business. However, none of the other ingredients in this list will work without having the right mindset in place first. Another alternative is to build an advisory board of experienced entrepreneurs. Having a … Continue reading “How to scale a business: How To Scale Your Small Business in 6 Steps 2023”

Next, the company computes the difference between the initial cost and the salvage value. Then, it divides the difference by the asset’s overall life or total years of usefulness. After recording the asset’s elimination and the corresponding loss or gain, businesses must remove the asset from other financial records. The company breaks even on the … Continue reading “How to record the disposal of assets: How to Record Asset Acquisition, Disposal & Impairment in Accounting Video & Lesson Transcript”

For example, you might increase production costs to get more raw materials to match the increasing popularity of certain products. Or if you are running a SaaS business, you might need to invest more budget in certain seasons to get more clients. That means tallying all your revenue (not profit) sources every month. In case you … Continue reading “How to create a business budget: How to create a business budget in 6 easy steps”

Moreover, it is not considered while calculating the Company’s Earnings Per Share or dividends. Basic shares mean the number of outstanding stocks currently outstanding, while the fully diluted number considers things such as warrants, capital notes, and convertible stock. In other words, the fully diluted number of Stocks outstanding tells you how many outstanding stocks … Continue reading “How to calculate shares outstanding: What is the formula for calculating weighted average common shares outstanding WASCO?”

For employees with fluctuating workweeks, the weekly salary serves as compensation for all hours worked during the week whether that is 20, 40, or 50 hours. Thus, the Regular Rate increases or decreases based on how many hours an employee works in any given week. Overtime is a 50% multiplier that is added to an … Continue reading “How to calculate overtime pay: How to Compute FLSA Overtime Pay”

Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He … Continue reading “How much does a cpa cost: How much should I expect to pay a CPA to help me?”

The method you use to value the ending inventory determines the cost of goods sold. A lower inventory value results in a higher costs of sales and a lower profit; conversely, a higher ending inventory decreases the cost of goods sold and results in a higher profit. If COGS are higher and profits are lower, … Continue reading “How to calculate fifo and lifo: FIFO: First In First Out Principle: Method + How-to Guide”

If you don’t pay enough tax by the due date of each of the payment periods, you may be charged a penalty even if you are due a refund when you file your income tax return. You had no tax liability for the prior year if your total tax was zero or you didn’t have to file … Continue reading “How to calculate estimated taxes: Calculating Quarterly Estimated Taxes”

If the lookup value (sales amount) were a negative number, then the vlookup would return an error. We can use a VLOOKUP formula to calculate the payout rate for a given sales amount (lookup value). For this to work we need to set the last argument in the vlookup [range_lookup] to TRUE. He/she will earn … Continue reading “How to calculate commission: How to calculate a commission”

In other words, the giver of the benefit is a liability to the one who receives it. Designed for freelancers and small business owners, Debitoor invoicing software makes it quick and easy to issue professional invoices and manage your business finances. The practise of ensuring that the amount in the control accounts and the amounts … Continue reading “How to balance purchase ledger: Is purchase ledger control account a debit or credit?”