For instance, if revenue is $10 and variable costs are $5, your contribution margin ratio is 50%. Contribution margin focuses on the costs and profitability of units for sale, and businesses can use this ratio to do break-even analysis or product-level profitability assessments. Gross profit measures the overall financial health of the business, and the […]

For smaller operations or businesses with straightforward needs, QuickBooks’ built-in tools can handle basic scheduling tasks. Information provided on the World Wide Web by Smith Elliott Kearns & Company, LLC is intended for reference only. Information on this web site does NOT constitute professional accounting, tax or legal advice and should not be interpreted as […]

Of course, these figures will vary depending on your state’s solar incentives, local energy prices, and your energy usage. Use EnergySage’s free tools to get quick estimates for your solar installation projects and to compare quotes. On the other hand, the break-even point is the level of sales or revenue data at which a business […]

Up-to-date and accurate payroll, bookkeeping and accounting practices help set the foundation of a successful business. So, it is important to understand the difference between payroll and bookkeeping and how, along with accounting, they contribute to your financial health. Now, you might be wondering, what exactly are the key principles and practices that govern the […]

All Platinum features, plus Assisted Payroll to handle federal and state payroll taxes filings for $1/employee each pay period. Users can also add a Salesforce CRM connector for $150/month and QuickBooks Time Elite for $5/employee each month. Starts at $5,364/year for one user (only offered as a monthly subscription). We’re here to make migrating your […]

Unfortunately, when two different investments have the same PI, this does not tell you which ties up more money initially. Often though, it isn’t always this simple to see that everything is equal except for the term. What if the 3 year project has an NPV of $1,000 and the 5 year project has an […]

(1) provision for employer rate of 0.35 percent fica meaning of wages paid with respect to employment during calendar year 1966, redesignated pars. (2) to (6) as (1) to (5), struck out reference to “1967” in such par. (1) and increased the rate by 0.10 percent to 0.60, 0.65, 0.70, 0.80, and 0.90 in pars. […]

Whether you’re launching a new product, reviewing your existing offerings, or preparing a budget, contribution margin gives you the financial insight you need to make informed decisions. For example, if Product A generates $100 contribution margin per machine hour while Product B generates $150, allocating more machine time to Product B may maximize overall profitability. Next, […]

Same issue here, I already filed wrong and even got the Covid relief. If your spouse doesn’t have a Social Security number or ITIN, you’ll need to apply for one when you mail in your return. Your review of your own information must have corrected the issue. However, you may be able to claim credits […]

These fees may be called a processing fee, discount rate or factoring rate and are usually a percentage of the invoice amount. Some companies also apply a fee per week that the invoice remains unpaid, such as 1 percent. Both invoice financing and invoice factoring secure financing with outstanding invoices. If you’re looking for a […]