Cash flow is a term you might hear when discussing business, but did you know it pertains to your personal finances, too? Business cash flow refers to incoming and outgoing money in a company, and its ...

Most companies establish budgets that they use to track revenue and plan their expenses. In addition, many individuals use budgeting practices in tracking their personal finances. Regardless of the ...

The Cambridge Advanced Learner's Dictionary & Thesaurus defines the service industry as "an industry that provides a service for the people but does not result in the production of goods." The ...

The amount of cash receipts in an accounting period is the money a company collects from the sales it makes in current and previous periods. A business typically collects a percentage of its sales in ...

Cash flow is a measurement of the money moving in and out of a business, and it helps to determine financial health. Many, or all, of the products featured on this page are from our advertising ...

Even the best budgets rarely turn out exactly the way that planners expect. Whenever you're planning in advance for a period of time, you'll inevitably make some mistakes in your estimates, and it's ...

What goes into generating a single dollar of revenue, in your business? Can you accurately define your true operating costs? So many times I’ve heard owners say: “I take my material cost and multiply ...

Calculating the internal rate of return, or IRR, of an investment is a powerful tool for businesses. When a manager is faced with a capital intensive decision, IRR can quickly compare the financial ...

Most companies establish budgets that they use to track revenue and plan their expenses. In addition, many individuals use budgeting practices in tracking their personal finances. Regardless of the ...

Financial variance is the difference between budgeted and actual spending. Positive variance means spending less, negative indicates overspending. Regular monitoring reduces surprises and improves ...