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...
What You Need to Know About Expenses

What You Need to Know About Expenses

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  An integral part of financial literacy for a business is expense management.  How you manage expenses is often overlooked, but it is...