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How to Use the Branch P&L Model to Confidently Grow Your

WEBA branch P&L (Profit and Loss) model is one tool that growing brokerages quickly implement to track costs better, understand their income, and grow efficiently. A …

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How to Confidently Understand a Balance Sheet for Small

WEBA balance sheet is an incredibly important tool that can help business owners understand their financial position and make critical decisions about the future of their …

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The Top 5 Financial Ratios Every Business Owner Needs to Be …

WEBNet Profit Margin, Current Ratio, Debt Ratio, Return on Assets, Inventory Turnover Ratio - there are tons of financial ratios that can serve a small business owner in understanding …

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Understanding Financial Statements: How to Analyze Your …

WEBProft and Loss. Balance Sheet. Statement of Cash Flows. Your financial statements are vital documents that uniquely illustrate your business's story! Understanding and …

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Three Financial Formulas Every Business Owner Should Know

WEBA financial formula calculates a business's financial information to understand a particular financial concept. The three we'll be reviewing today are the current ratio, …

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Mastering P&L Statements: A Complete Guide to Profit and Loss …

WEBLearn the foundation of understanding and analyzing your Profit and Loss (P&L) statements to help maintain your business's financial health, enable you to make …

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Navigating the Paradox of Profit: Why a Healthy P&L Doesn't

WEBUnderstanding The Balance Sheet: Equity. The balance sheet provides a broad view of your company's financial health. It's a snapshot of your company's …

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What is Bookkeeping

WEBNoun • Book·keep·ing • /ˈbo͝okˌkēpiNG/. “The activity or occupation of keeping records of the financial affairs of a business.”. Put simply, bookkeeping is the …

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What Should a Branch P&L Look Like for Mortgage Brokers

WEBIn the bustling and highly competitive world of the mortgage industry, maintaining a keen eye on your branch's financial health is paramount. A well-structured …

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Unlocking Financial Clarity: The Power of a Customized Chart of

WEBCustomizing your Chart of Accounts (COA) to reflect your unique business needs provides more precise financial analysis and helps drive informed business …

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How to Easily Use Financial Data to Identify Your Business's Niche

WEBStarting a small business is a big step towards entrepreneurship and financial independence. However, success in the competitive world of small businesses …

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The Right Financial Support for Your Business: Accountants

WEBUnderstand the distinct roles of accountants, bookkeepers, virtual CFOs, and financial coaches to choose the best financial service provider for your business's …

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The Best Chart of Accounts for a Service Business (Free Excel

WEBThe 5 basic accounts in a chart of accounts are: Assets: An asset is something your business owns that has monetary value with the expectation that it will …

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The Most Important Things to Consider When Building a Budget

WEBCreating a business budget is complicated. Understanding income streams, fixed and variable expenses, and accounting, in general, is difficult. By following these steps, …

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How to Account for Health Insurance Contributions in

WEBThese numbers show that total annual insurance costs are $12,000 per year (12 x 1,000) or $500 per pay period (12,000 ÷ 24). Your employees are responsible for …

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What to Do When Your Work Life is Not Balanced

WEBEntrepreneurs are absolutely terrible case studies for work/life balance. Well, most of the time, at least. Some of us are so bad at not working that our personal …

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Why It's Hard to Absolutely Love What You Do for Work as an

WEBWork Should Be Part of Life, Not Life Itself. Work-life balance is incredibly difficult for entrepreneurs, especially if your work is something you're passionate about.It …

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A Guide to Easily Calculating Loan Officer Compensation for …

WEBIf the loan officer is paid a percentage of the loan amount, then the commission is calculated by multiplying the loan amount by the predetermined …

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Why Does it Take So Long to Get Paid for Commercial Work

WEBCommercial work is lucrative. Signing contracts with huge brands can take your business to the next level. You have a larger budget to work with, you’re (more …

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