A Step-by-Step Guide to Calculating Variable Costs and Contribution Margin Ratio
The contribution margin ratio helps you understand how much profit a product brings after covering the costs that vary with production. You calculate it by subtracting variable costs from the product’s sales revenue. Variable costs or COGS, are expenses that…
Read moreMastering Cash Flow Forecasting: A Complete Guide for Small Businesses
Learn to forecast cash flow effectively for informed decisions. Understand flow patterns, project future flows, account for variations, and anticipate risks. Regularly monitor and review to refine methods. Mastering this is crucial for financial stability and growth.
Read more7 strategies to manage business costs in 2023
The economic challenges of the year 2023 mean this is a good idea for your business to consider costs. Tough conditions, unpredictable supply chains, and rising inflation mean it’s time for expert support for your finances. Here are 7 strategies…
Read moreCashflow Management During Covid
During the outbreak of COVID-19 in early 2020, many businesses had suffered their greatest economic shock of all time. The economy worldwide has taken an unexpected turn and business owners have been facing extreme challenges, including managing their cash flow….
Read moreStarting a new Business in 2022?
Check out our Cash Flow Management Tips: Focus On the Cash Flow Adjust your business accounts and create a report to observe the incoming and outgoing money. A cash flow report will help you monitor your money flow and you…
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