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financial literacy

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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 are Distributions?

By | 2018-08-23T17:37:41+00:00 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+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 is the Concept of Revenue?

By | 2018-08-23T17:48:25+00:00 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+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 [...]