End of Year Planning for Your Small Business

End of Year Planning for Your Small Business

The end of the year is a great time to take stock of your business and make plans for the future. Here are some tips for end of year planning for your small business: Review your financial statements. This is a good time to take a look at your income statement,...
What are Gross Profit and Profit Margin?

What are Gross Profit and Profit Margin?

One of the most important areas of a company's financial management is the calculation of gross profit.  However, it is the most misunderstood and overlooked areas of business. It is the profit a company makes after deducting the costs associated with making and...