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Mar 152014
 

financial-calculator-onlineA small business owner should not only be able to read a balance sheet and profit / loss, but should be able to do some basic analysis of the data using these

Retirement Business Financial Calculators

for such things a Current Ratio, Quick Ratio, and Working Capital. (I am adding more every day so check back.)


Basic accounting statements for a retirement business

There are two main reports that you need – a Balance Sheet and an Income Statement in order to use these Retirement Business Financial Calculators – free.

BALANCE SHEET:

This is a summary of the financial state of your business. Your business owns things like money and inventory which are called assets. However, your business might also have liabilities meaning that it owes money to others like a bank or suppliers. The difference in what you business has (ASSETS) less what it owes (LIABILITIES) is your EQUITY.

INCOME STATEMENT:

The other most important financial document is an income statement which is sometimes called the profit and loss statement. This document shows a summary of all the revenue that the company has minus the expenses to obtain the profit (or loss) of your company.

Your accountant or a good software program like QUICKBOOKS can supply you with all the numbers that you need for these

Retirement Business Financial Calculators

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