Early Payment Discounts: Do They Pay Off?
"2/10 net 30" looks like a tiny line on an invoice. Behind it sits a surprisingly big financial decision, for the business offering the discount and for the one …
Category
Finance
Cash flow, pricing, unit economics and the financial basics every owner should know.
Working Out Your Hourly Rate as a Service Business
Most service businesses pick an hourly rate by looking at what a competitor charges and shaving a little off. That number rarely covers the hours you cannot …
Revenue per Employee Explained
Revenue per employee is one of the simplest numbers in business: take your annual revenue and divide it by the people it takes to earn it. It is also one of the …
Gross Margin Return on Inventory Explained
Every product on your shelves is cash that has been turned into stock and is waiting to turn back into cash, ideally with a profit on top. Gross margin return …
How to Track Spending by Department in a Small Team
When a business is five or fifteen people, every cost tends to land in one big bucket called "expenses." That works until you need to know whether marketing is …
US Quarterly Payroll Returns: Form 941 Basics
If you pay employees in the US, Form 941 is one of the most important forms in your year, even if your payroll provider files it for you. It is the quarterly …
UK Payment on Account in July: How to Prepare
If you are self-employed in the UK, July brings a tax bill that catches many people off guard: the second payment on account, due on 31 July. It arrives in the …