Business Plan Advice for Entrepreneurs | Financial Strategies

How to Calculate Net Income (NI): Complete Guide & Formula for Businesses

Net Income is at the very core of performing basic business or personal financial analysis. If you own a small business, are an accountant, financial analyst or manage personal finances, knowing your net earnings gives you an idea of your financial health. It is what you have left after everything has been taken out, such as expenses,… Continue reading How to Calculate Net Income (NI): Complete Guide & Formula for Businesses

What Counts as Revenue? Complete Guide [2025]

It is essential to understand what counts as revenue whether your startup, enterprise or even studying the fundamentals of finance. Revenue is the lifeblood of any organisation – it powers operations, sparks growth and is at the core of financial analysis, and decision-making. However the accounting word “revenue” often causes confusion. What does it really include? Is it… Continue reading What Counts as Revenue? Complete Guide [2025]

Trial Balance vs. Balance Sheet: Key Differences with Examples

The trial balance and the balance sheet are two of the most common accounting statements frequently mentioned. Although the balance sheet and income statement are highly correlated and they are utilised contemporaneously during the financial reporting process, the balance sheet and income statement have different purposes and are utilised at various stages of the accounting process. Both… Continue reading Trial Balance vs. Balance Sheet: Key Differences with Examples

Days Sales Outstanding (DSO)Explained: Formula, Examples & Best Practices

Days sales outstanding (DSO) is one of the critical metrics in financial management for understanding a company’s cash flow and customer payment behaviour. Commonly called DSO, this metric is a goodwill predictor that indicates how well you are managing receivables and converting credit sales into cash. Regardless if you are an experienced finance professional or a business… Continue reading Days Sales Outstanding (DSO)Explained: Formula, Examples & Best Practices

Statement of Work (SOW): A Complete Beginner’s Guide

Of all the documents used in project management, procurement, and service delivery to specify the terms under which work will be done, one stands above the others in its ability to set the tone, direction, and expectations for successful collaboration: the Statement of Work, or SOW. Whether you hire an external contractor, outsource development, or formalise the… Continue reading Statement of Work (SOW): A Complete Beginner’s Guide

Margin Calculator (How to Calculate Profit Margin): Your Business Growth

Profit margin is one of the most important numbers to track in any business. It shows the rate of how efficiently a business transfers revenue into profit. If you have a small retail/store outlet, a medium conventional eCommerce platform, or a well-established yet conventional service organisation, having an idea with profit margin calculator will help you remain competitive… Continue reading Margin Calculator (How to Calculate Profit Margin): Your Business Growth

Mastering Financial Budgeting: A Blueprint for Sustainable Success

Financial budgeting is the silent engine in every successful enterprise that powers smart decisions. From running a one-room household, guiding a fledgling startup, or directing a multinational behemoth, income planning, expenditure planning, and spending behaviour tracking can be the difference between offshoot and stagnation. In this blog, we will discuss the critical aspects of budgeting for… Continue reading Mastering Financial Budgeting: A Blueprint for Sustainable Success

How to Calculate Terminal Value: Real-World DCF Examples Explained

Targeted businesses or investments frequently use discounted cash flow analysis to determine the value of the company and investment, and this remains one of the most common research-driven valuation methods. It is a retrospective based method that teaches investors, analysts and business owners to identify the value today of expected future cash flows. However there is… Continue reading How to Calculate Terminal Value: Real-World DCF Examples Explained

Formula and Function: How to Calculate Standard Deviation in Excel [2025]

Standard deviation is an essential concept when understanding data in a spreadsheet. Statistics is vital for understanding the distribution or consistency of data. If you need to measure variability in sales figures, customer feedback scores, or any scientific measurements, then you need to know how to measure variability. The good news is that standard deviation Excel tools… Continue reading Formula and Function: How to Calculate Standard Deviation in Excel [2025]

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