Finance Your Business

What Are the GAAP Rules for Depreciation?

Why Is It Called Six Sigma?

The Characteristics of Management Accounting

How Does the Economy Work?

Who Can Sign a Company's W-9 Form?

W-9 requirements for corporations using independent contractors are clear.

What Is the Difference Between Fiscal Year & Calendar Year for a Business?

A fiscal year is a concept that you will frequently encounter in finance.

What Can Be Considered a Business Loss?

A business loss arises from one of two things: inefficiencies in normal operations or abnormal events.

What Businesses Are Exempt From a 1099?

The IRS requires businesses to send out Form 1099s to businesses that serve as independent contractors or participate in specific transactions with the provider company.

Why Is It Called Six Sigma?

GAAP Accounting for Capital Improvements

What Types of Businesses Do Activity-Based Costing?

How to Arrive at a Capitalization Rate for a Business

There are many different factors that go into valuing a business, including the company's size and which products or services they offer.

Why Is Cash Budgeting Important to the Organization?

The difference between a company that succeeds and one that fails is often cash management.

Three Examples of Nonprofit Businesses

The nonprofit is a very common business model, with small and very large corporate-style operations throughout the United States.

How Much Does It Cost to Open a Sports Bar?

Definition of Capital Financing

What Is Normal for a Restaurant's Labor Cost Percentage?

From the friendly face that greets you at the front door to the hands that slice and stir in the back kitchen, employees work hard for their money and it shows up in the bottom line.

What Does Non Exempt Mean for Salaried Workers?

The Fair Labor Standards Act of 1938 sets out guidelines and rules that govern working conditions, overtime pay and employee classification.

What are the Labor Law Requirements for a Shift Differential?

Employers will often offer shift differential pay, an increased wage given to workers who cover unpopular shifts, to make working on those shifts more enticing to workers.

What Are the Causes of Labor Variance?

Labor variance is a change in costs or efficiency that's usually examined in a production environment, but it can be applied to any part of a company where labor costs change.