All those people who have to register their checkbooks are required to use the checkbook register. The checkbook register is a very useful and handy tool that helps a person ensure that he has all the information about his spending. Whenever the spending takes place, the up-to-date and latest information is recorded in the checkbook register. The register can then later be seen whenever a person is required to have a look at his spending. Record your overspending As a matter of fact, in many businesses, the use of a …
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Paying bills is an important part of life. Everyone has a responsibility to do this. There are electricity, gas, phone, etc. bills. When any is not paid it can cause issues. Therefore, it is necessary to remember to pay all before their due date. When the due date has passed, usually the amount becomes more. A bill pay checklist gets employed to check off bills when you pay every month. It includes a list of all bills that have to be paid such as a mortgage, health insurance, car loan, …
We work to earn allowing us to live comfortably. Pay is an important part of any organization. Without this, no one will want to work or be working. The way employees must be paid is perfect so that no one gets left out and no error occurs. Records need to be kept of pay in case any issue occurs. One-week pay slips are those given to employees stating when they got paid, telling the total amount of pay, along with the tax plus insurance being deducted. The pay slip includes …
Breakeven is an important indicator of identifying whether a business is worth the effort. It can be in terms of the number of units or sales value. It refers to the level at which the costs are completely covered by the earned income. In other terms, it is the zero-profit point. A breakeven point shows the minimum level of production required for the survival of an organization, as a product needs to cover its variable expenses, yet should contribute toward the fixed cost. What is a breakeven calculator sheet? A …
It is important to keep a record of one’s assets for various purposes. An individual may own several assets and may want to maintain their list for his ease. This list is referred to as a personal assets inventory. What is a personal assets inventory? A personal assets inventory is a record of the personal assets one owns, both self-purchased and inherited. It provides all the relevant details of one’s assets. The list of the assets can include cash, cash equivalent certificates, treasury bills, property, cars, or other vehicles, etc. …
Managing the sales and its accounts in a small business is a simpler task than the management in a big business. Nevertheless, proper planning is very much required irrespective of the business size, if a higher market share needs to be achieved. This can be done, if the company is aware of its income sources and income amounts properly. A small business sales tracker worksheet presents the data of the sales clearly to the stakeholders, which helps in managing and projecting resources better. What is a small business sales tracker …
Usually, the small organizations keep their cash in the banks. However, some cash is kept in hand to cover the day-to-day expenses, that need to be paid immediately, or in physical cash. This type of cash is referred to as petty cash. For small businesses, petty cash is important, as their accrual-based expenses are lesser than the cash-paid expenses. It is essential to record all the transactions, that the business does with its petty cash, which becomes possible by using a petty cash log worksheet for a small business. What …
Keeping a track of what a business is earning after all its expenses have been paid out is an essential element to know, as a business can only survive if it is profitable at least in the long run. To calculate and track the profitability of a small organization a profit and loss statement worksheet for a small business is used. A profit loss statement worksheet is a worksheet that lists the figures of income, expenses, and net profit or loss of a small business. It is made to analyze …
A small business usually has limited resources and it is even more essential for it than a big organization to utilize its resources well if it wants to survive in the market. There are many factors, that contribute to resource optimization, one of which is the demand forecast. If a small business can predict its future sales accurately, it can increase its performance. This becomes possible by maintaining a sales forecast tracker. What is a sales forecast tracker for a small business? A sales forecast tracker aids in tracking the …
Employees are often given different fringe benefits, as a part of their overall package, by their employers. To avail some of these benefits, such as medical bills, the employees have to pay out of their pocket first, and then claim the money, or seek reimbursement from their employers. In addition to the benefits, there are many operational and day-to-day work-related expenses, such as traveling for meetings, that employees may have to pay for, but later on, can claim for. To ease this task, and bring uniformity in the claim process, …
When an individual or an organization is seeking a loan there may be many options available that need to be analyzed and assessed based on several factors. The best option is then opted for. The variables that help in deciding the best option may vary from one person’s priorities to another’s. This evaluation becomes easy if one uses a loan comparison calculator. What is a loan comparison calculator? A loan comparison calculator works as a loan payment calculator. It is a tool to compare and assess repayments of various loan …