Bookkeeping

On the other hand, businesses with lower fixed costs can achieve profitability with lower sales volumes. In stark contrast, ongoing costs should not alter your monthly cash flow since they are included on a regular basis in your overall budget. Typically, ongoing costs are rent, utilities, insurance and employee salaries. There are various ways to …

Operating costs: Formula, how to calculate + examples Read More »

Whether you’re preparing financial statements or filing taxes, it’s important to understand the difference between a fiscal year and a calendar the difference between calendar year and fiscal year for business taxes year. Getting a handle on the difference between a fiscal year and a calendar year is crucial for small business owners as you …

What are financial years and why are they different from calendar years? Read More »