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finances

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What are Gross Profit and Profit Margin?

By | 2018-08-23T17:39:22+00:00 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 is Depreciation?

By | 2018-08-23T17:41:39+00:00 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+00:00 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+00:00 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+00:00 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+00:00 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 You Need to Know About Liabilities

By | 2018-08-23T17:49:55+00:00 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 [...]

What is Equity?

By | 2018-08-23T17:42:49+00:00 December 28th, 2018|Categories: Accounting, Finance|Tags: , , , , , |

As part of our efforts to educate and inform our readers, we at OnlineAdvisor.com provide some beneficial financial literacy information.  We present topics and concepts which affect our readers so that they can make the best decisions.  This brief description of equity is part of our financial literacy efforts. This information may seem very simplistic.  We [...]

What are Liabilities?

By | 2018-08-23T17:40:01+00:00 December 27th, 2018|Categories: Finance|Tags: , , , , , |

As part of OnlineAdvisor's efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  For this article, we cover the concept of liabilities. A Brief Definition Liabilities represent company's financial debt or obligations. They include loans, accounts payable, mortgages, deferred revenues and accrued expenses.  A great definition of a liability refers to [...]

What are Assets?

By | 2018-08-23T17:37:14+00:00 December 26th, 2018|Categories: Finance|Tags: , , , , |

Within a balance sheet, there is a category that lists the value of assets in the organization.  An asset is a resource of a company that it exclusively owns.  It is a resource that is “scarce.” Also, it is able to produce economic benefit by generating cash inflows or decreasing cash outflows.  Simply stated, selling it [...]