Gross margin and price markup are two of the most important metrics for measuring your profit in retail. Your gross margin refers to your business’s net revenue minus the cost of goods sold. Whereas your price markup is the difference between the selling cost and wholesale or production cost of your merchandise. Our calculators will…
Calculators
How to Calculate & Process Retroactive Pay (+ Free Calculator)
Retroactive pay (retro pay) is a payment made to an employee to make up the difference between what was paid and what should’ve been. It can occur when salary is increased in the middle of the pay cycle or a bonus was earned in the prior pay period. You can use our simple calculator below…
Time Card Calculator
Time card calculators can be a great tool to help small business owners manage their employees’ hours. Our calculator will allow you to manually enter when your employees clock in and out each day, in addition to the total amount of breaks taken, to calculate the total hours they worked in a given week. It…
SBA Loan Calculator: Payments & Amortization
A loan backed by the Small Business Administration (SBA) typically offers small businesses lower interest rates and longer terms than other financing options. Our SBA calculator will help you see just how affordable your SBA loan can be. How the SBA Loan Calculator Works Our SBA loan calculator is designed for SBA 7(a) and SBA…
10 Tips for Naming Your Business + Free Business Name Generator
We created a business name generator to help you get started with brainstorming around business names. Simply enter your information below to get dozens of possible names for your new venture. We also put together tips that can help you on how to choose the right name for your business. Business Name Generator Terms Below…
What Are Workers’ Comp Class Codes?
Workers’ comp class codes are numeric codes that represent the risks occupations face. The insurance industry uses these codes to categorize businesses by how risky their operations are so that carriers can estimate the cost of insuring them more accurately. Most states use the classification system created by the National Council on Compensation Insurance (NCCI),…
How to Calculate Overtime for Hourly & Salaried Employees
Overtime is an important part of calculating payroll. If you hire employees who are 16 or older, there is no limit on how many hours they can work in a workweek. However, you may have to pay them overtime at a rate of at least 1.5 times their regular pay for hours worked over 40…
Business Valuation Calculator: How Much Is Your Business Worth?
A business valuation calculator helps buyers and sellers determine a rough estimate of a business’s value. Two of the most common business valuation formulas begin with either annual sales or annual profits (also known as seller discretionary earnings), multiplied by an industry multiple. Both methods are great starting points to accurately value your business. For…
Hard Money Loan Calculator: How Much Will Your Loan Cost?
Hard money loans are typically the fastest route to financing rehabs or property flips. Hard money loans are usually approved based on the property’s value rather than the buyer’s qualifications. However, hard money is often more expensive than traditional financing. Our hard money loan calculator will help you determine how much hard money might cost….
Equipment Lease Calculator
Our equipment lease calculator allows you to estimate the potential costs of an equipment lease by comparing three common lease options: a fair market value lease, $1 buyout lease, and 10% option lease. Estimate your monthly payment and total cost by changing key inputs like the interest rate, down payment, and length of the term….
Free House Flipping Calculator: Cost, Profit & ROI
How to Read Your House Flipping Calculator Results Closing Costs: If you’re not sure about how much your closing costs are, the average ranges from 2 percent to 5 percent of the purchase price. Average ROI on Flipping a House: Fifteen percent is the average and anything above that is typically considered good. Next…
Section 179 Calculator: Calculate Your Tax Savings
Section 179 is a type of tax deduction that lets you deduct up to $1 million in equipment and other fixed assets as a business expense on your tax return. This provides significant tax savings compared to depreciating the assets over several years. Our Section 179 calculator helps you determine how much you can deduct…