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Monthly Archives: January 2019

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What Vision and Mission am I Communicating?

By | 2018-08-23T17:48:45-06:00 January 10th, 2019|Categories: Goal Development, Personal Development|Tags: , , , , |

One of the most popular tasks for executives leading organizations is to complete the process of building vision and mission statements. It's a great process to determine the best goals and objectives for the organization. It's also a great opportunity for everyone to come together to work on a project that provides clear direction for the [...]

What are Gross Profit and Profit Margin?

By | 2018-08-23T17:39:22-06:00 January 9th, 2019|Categories: Accounting, Finance|Tags: , , , , , |

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 selling its products, or the costs associated with providing its services.  Profits directly [...]

What are Distributions?

By | 2018-08-23T17:37:41-06:00 January 8th, 2019|Categories: Accounting, Finance|Tags: , , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  One of the areas that business owners like to discuss is the subject of distributions.  Distributions deal with income, profits and money in the owners' or shareholders' pockets. A Definition Distributions refer to a company's payment of stock, [...]

What is Depreciation?

By | 2018-08-23T17:41:39-06:00 January 7th, 2019|Categories: Accounting, Finance|Tags: , , , , , |

Depreciation is one of those concepts that can be a little bit challenging for the average business executive or manager to understand.  Although it is a required concept for the accountant to understand, it is a concept that doesn’t always come to the forefront in business management. Depreciation, however, has an effect on net income - [...]

What are Sales Tax Liabilities?

By | 2018-08-23T17:40:32-06:00 January 6th, 2019|Categories: Accounting, Finance|Tags: , , , , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  Among the areas we manage within retail sales are sales tax liabilities. Sales tax liabilities are required to be collected by businesses on behalf of local, state and national governments.  In simple terms, depending on your local, state [...]

What You Need to Know About Expenses

By | 2018-08-23T17:49:38-06:00 January 5th, 2019|Categories: Accounting, Finance|Tags: , , , , |

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 important to your organization. Expenses are a critical area on the income statement to be monitored. [...]

What are Expenses?

By | 2018-08-23T17:38:03-06:00 January 4th, 2019|Categories: Accounting, Finance|Tags: , , , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  An important part of financial literacy for a business is the concept of expenses. What is an Expense? An expense is a cost a business incurs through its operations.  There are all kinds of expenses for businesses.  Common [...]

What You Need to Know About Revenue

By | 2018-08-23T17:50:22-06:00 January 3rd, 2019|Categories: Accounting, Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  The concept of revenue is an important one.  It may be one, however, that is very misleading.  Let's get into the reasons why. Traditionally speaking, revenue shows the sales you made with your customers.  This is usually called [...]

What is the Concept of Revenue?

By | 2018-08-23T17:48:25-06:00 January 2nd, 2019|Categories: Accounting, Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  Within the fundamental concepts of financial literacy and reporting is the concept of revenue.  This topic is very important for every organization, especially in the light of profits and income. Definition Revenue is money earned by an organization.  [...]

What You Need to Know About Liabilities

By | 2018-08-23T17:49:55-06:00 January 1st, 2019|Categories: Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  Here are some key points you need to know about liabilities: Liabilities are a part of every business. Some people may have a tendency to see assets as “good” and liabilities as being “bad”.  It’s not that [...]