As a business owner, you should be able to answer the details of these four financial performance questions about your business with little or no preparation. Knowing the details of your company’s profitability, costs, cash flow, and more, is critical to staying on top of your finances, and growing your business.
Do you want to do something that has immediate, as well as lasting benefits for one of your employees, your business and yourself at the same? Gotcha. You can’t resist can you?
Texas certified public accountants (CPAs), attorneys, and physicians must all attend many hours of professional continuing education each year. When we engage the services of one of these professionals we are glad they had to stay up to date on their specialties.
Learn how others do it. Download our guide to growth.
Many borrowers don’t follow up with their lending officer when their loan request gets turned down. If you are working with a bank that values its customers, they will be glad to sit down with you, explain their decision in a way that makes sense and let you know how you might be able to correct any issue that may allow your loan to be presented again. They may even change their decision if new information dictates.
Phishing is a term used to describe a type of fraud whereby someone tries to get sensitive personal and financial information from you by pretending to be a legitimate bank or other business that regularly keeps sensitive data. Even the most seasoned email and Internet users can occasionally be fooled by phishing scams which are becoming more and more sophisticated. Here are five tips to help keep you and your business from becoming a victim of phishing.
All business owners want to grow and be successful. It is part of the entrepreneurial spirit that made them want to be in business to start with. To many, supplying products or services to extremely large businesses on a large scale is the holy grail of sales.
Cost of Goods Sold or (COGS), represents the basic cost of products sold by a merchandising or manufacturing entity during the year. The standard COGS formula is a way of determining the costs attributable to the products sold, after determining how much of the inventory stocks are still on hand.
The formula is used to determine gross profit margin and is important in calculating deductions to your federal income tax return.
The basic formula for calculating COGS is