Before you commit to a big purchase, there’s a simpler question than NPV or IRR: how long until this pays for itself? This payback period calculator answers exactly that — the number of years it takes for a project’s cumulative…
The fastest way to get paid late is to send a confusing invoice. Missing terms, no invoice number, a total that doesn’t obviously match the line items — every one of those gives a client a reason to set your…
Every small business owner eventually faces the same decision: should I spend money now to make more money later? New equipment, a second location, a marketing push, hiring ahead of demand — each one is a bet that future cash…
You can be profitable on paper and still run out of cash. It happens more often than most small business owners expect: invoices sit unpaid for weeks, a big supplier payment lands before the matching sale gets collected, or a…
Most small businesses don’t lose money on expenses — they lose track of them. A lunch receipt gets shoved in a wallet and forgotten, a software renewal goes unlogged until the credit card statement shows up, and by tax time…
Most small business owners find out their bank reconciliation is off in the worst possible way — a check bounces, a vendor calls about a “missing” payment, or the year-end tax prep turns up a $600 gap nobody can explain.…
Your P&L shows what happened. Budget vs. actual analysis shows whether it happened the way you planned. Learn the variance formula, a materiality threshold that stops you chasing noise, and a worked example that turns your P&L into an early-warning system.
Your P&L shows what you earned. Your Balance Sheet shows what you own. The Statement of Retained Earnings shows how much of everything you've ever earned is still in the business. Download a free 5-year Excel template that rolls forward automatically.
Ask most small business owners how much revenue is sitting in unpaid customer invoices, and they can usually give you a total. Ask how much of that total is 60 days late, and from which customer, and the answer is…
Ask most small business owners how much they owe right now, and they can give you a rough number. Ask them how much of that is 60 days overdue, and to which vendors, and the answer is usually a shrug.…