Budgeting in a Small Service Firm (PDF) Learn how to set up and keep sound financial records. Study how to effectively use journals and ledgers and charts to increase profits.
Calculating Overhead Percentages Competitive pricing is always an important concern. This article outlines how to calculate overhead percentages and how to use them to determine product pricing.
Financial Controls for Your Business The three major financial reports used for financial management are explained. Understand your company's progress and current position by understanding the balance sheet, income statement and cash flow statement.
Financial Management for Growing Businesses (PDF) Develop a comprehensive financial plan outlining the assets, debts and current and future profit potential of your business through effective financial management.
Financial Ratios Financial ratios are a valuable and easy way to interpret information found in financial statements. Use ratios to answer critical questions about the financial health of the business at any given period and over time.
How to Use Break-Even Analysis Knowing how to compute the break-even point in a business will point out the sales volume required to be profitable. It will show what sales goals are needed to cover total expenses and meet set profit goals.
How to Use Net Present Value in Decision Making Three questions that Net Present Value Analysis can answer. Should a product line be added? Should an old piece of equipment be replaced? Will an extra service pay off?
Money Worksheets Use the worksheets which follow to project the expected sales and expenses of your business in its first year of operation. Detailed worksheets are provided for estimating sales, cost of goods sold, labor-related expenses and operating expenses. Using Financial Statements as a Management Tool This article shows you how to use your financial statements to answer ten important questions. In addition, three case studies provide examples of how financial statement analysis works.
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