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5 Accounting Equations Every Business Should Know

As a small business, you would prefer to handle your own accounting and have control over your accounting books. To manage your business transactions better, you should have a good grasp of these formulas. Being familiar with these formulas you can understand the health of your business. The asset accounting equation Assets are all the things that the company owns. …

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4 Factors You Are Likely Overlooking in Calculating Your Sales Margins

Profit margin is the right indicator of your business profitability. Measuring it with a simple formula like subtracting the cost of inventory from your actual retail sale will not give a clear picture of your true profit margins. Instead, speculate on various other metrics that relate to the calculations of sales and profit margins. While calculating the profit margins of …