Your business expenses have layers of meaning to them. When you can understand how expenses play a part in profit, you can manage them better. Here’s how to uncover the layers of your business expenses. Let’s start with the most direct expenses. Direct Costs If you have inventory you will have a balance in the […]
Read more...Month: October 2016
Marketing by the Numbers
Two very important skills for entrepreneurs to master are marketing and finances. Combine them by understanding the numbers behind marketing, and you have an even more powerful understanding of exactly what makes your business tick. Key Numbers – Cost Per Client Acquisition Do you know how much it costs your business to bring in one […]
Read more...Boost Your Accounting Know-How with These Terms
Impress your accountant and friends with these accounting-related definitions: Fiscal Year Most companies report their results on a calendar year, from January 1 through December 31. Some companies use a different year for reporting, and that’s called a fiscal year. For example, Intuit’s fiscal year runs from August 1 to July 31. A nonprofit commonly […]
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