Dimensional weight, also called DIM weight, is a pricing formula shipping companies use to determine shipping rates based on a parcel’s volume. If your business ships regularly, understanding how dimensional weight affects your bottom line is crucial to your success since there is a risk for bigger shipping fees—large and lightweight parcels cost more to…
Calculators
Free Rental Property Calculator to Analyze Your Investment Property
A rental property calculator helps real estate investors determine the value of a property. Our calculator generates the return on investment (ROI), capitalization (cap) rate, and cash flow of rental properties to help investors understand the value of a potential purchase or of a property they already own. These calculations can be complicated, but the…
MACRS Depreciation Calculator + MACRS Tables and How To Use
Our free MACRS depreciation calculator will provide your deduction for each year of the asset’s life. We also include the MACRS depreciation tables from the IRS and an explanation of how to use them to calculate modified accelerated cost recovery system (MACRS) depreciation by hand. Recording depreciation on your books is an important bookkeeping task…
How to Calculate & Process Retro Pay (+ Free Calculator)
Retroactive pay, commonly known as retro pay, is compensation owed to an employee for work they’ve already completed but were not correctly paid for at the time. This discrepancy can occur for a variety of reasons such as an increase in wages, a missed bonus, or incorrect hours tracked. This guide walks you through how…
Capitalization Rate: Calculator, Formula & What It Is
The capitalization rate, or cap rate, is often used by real estate investors to determine the potential rate of return from a property. While it can be used to figure out if a property will yield enough of a profit, it does have its limitations and should be only one of several methods used to…
Retail Markup Calculator: How to Price Your Products
In retail, your margin and markup are two of the most important metrics for measuring your profit and understanding your pricing. Your margin refers to your business’s net revenue minus the cost of goods sold (COGS), while your markup is the difference between the selling cost and wholesale or production cost of your merchandise. Our…
How to Calculate Overtime (+ Free Overtime Calculator)
Check out our free overtime calculator, plus everything you need to know about who is eligible for overtime and what laws impact overtime payments.
When learning how to calculate overtime for your employees, you have to take into account exceptions and considerations, such as federal and state overtime pay laws. Since there is no limit on the number of hours employees who are 16 or older can work in a workweek, you must determine whether you have to pay…
Hard Money Loan Calculator: How Much Will Your Loan Cost?
Hard money loans are popular among investors looking to acquire properties that may be ineligible for traditional methods of financing because they’re in need of repairs. Our calculator will help you figure out how much these loans will cost. You can find out your monthly payment, total interest expenses based on how quickly you can…