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people checking documents on laptop

July 24, 2024

Borrowing Base: What It Is & How to Calculate [+ Calculator]

Free Calculator

Borrowing base is a figure that refers to the largest loan amount you can get from a lender. It applies to secured loans and is calculated by taking the lender’s advance rate (sometimes also referred to as its loan-to-value limit) and multiplying it by the
Employees writing.

July 23, 2024

Employee Write-up Form Template + How to Deliver a Write-up

Free Employee Write-up Form Templates

An employee write up form is a document that records an employee’s violation of a company policy, behavior issues, or failure to meet stated goals once these reach a point that requires disciplinary action. A write up template should be used company-wide and completed by
hand draws a business plan concept

July 18, 2024

How to Write an SBA Business Plan [+Free Template]

Free Template

If you are applying for a loan through the Small Business Administration (SBA), a business plan will likely be a required component of your loan application. Your SBA business plan should provide an overview of your company’s goals and how it plans to achieve them. There
A construction tool, sticky notes and laptop on top of a blueprint.

July 18, 2024

What Is ARV: After Repair Value Formula & How to Calculate

Free Calculator

A property’s after repair value (ARV) is a home’s estimated value after repairs, upgrades, and renovations have been completed. It is typically used by fix-and-flip and fix-and-hold investors to determine if a particular project will be profitable. A lender may also evaluate ARV as part
Keeping up with the latest sales enablement statistics

July 16, 2024

22 Sales Enablement Statistics You Need to Know

Free Sales Statistics

Most sales teams overlook the importance of sales enablement in improving sales training and development, as well as rep performance. See how to inform yours with these sales enablement statistics.
Business people working together discussing vector image.

July 15, 2024

Quick Ratio: What It Is & How to Calculate It [+ Calculator]

The quick ratio, also known as the acid-test ratio, calculates a company’s ability to cover its current liabilities by means of its current assets. It is a liquidity ratio used by a company’s stakeholders, investors, and lenders and takes a company’s quick assets—which are current
People working on a business reports.

July 9, 2024

Net Working Capital: What It Is & How to Calculate It

Free Calculator

Net working capital (NWC) is used to determine the financial health of a business by calculating the difference between a company’s current assets and current liabilities. You can use NWC to evaluate a company’s financial trends, growth projections, and solvency. You can use our calculator
sales plan paper

July 4, 2024

How to Develop a Sales Compensation Plan in 8 Steps

Free Calculator

Sales compensation plans provide a detailed framework or guideline for how businesses will pay salespeople. A well-planned compensation scheme motivates sales reps to hit peak performance. Follow our step-by-step guide on how to develop a sales compensation plan for your small business, from determining baselines
Petty Cash log.

June 26, 2024

What Is a Petty Cash Log (+ Free Templates)

Free Template

A petty cash log (also called a petty cash register) is the official record of all petty cash transactions. The petty cash custodian is in charge of maintaining the petty cash log for all petty cash transactions that were taken out of the fund. We
An accountant working.

June 24, 2024

Accounts Payable Internal Controls: Best Practices + Free Manual

Free Template

Accounts payable internal controls are a set of policies, procedures, and practices that ensure the accuracy, integrity, and security of accounts payable transactions.
Two women talking.

June 10, 2024

How to Hire an Intern (+ Free Intern Agreement Template)

Free Templates

Hiring an intern is a great way to tap into talented individuals who haven’t yet or have just graduated from college. The first step in this process is determining your needs and what your internship program will look like. You can then find interns by
"Current Liabilities" text and a laptop in front of people who are having a discussion.

June 6, 2024

What Are Current Liabilities? How to Calculate Them [+ Calculator]

Free Calculator

A current liability is any financial obligation that has an amount due within the next 12 months. It can be found on your company’s balance sheet and can include loan payments, payroll expenses, and accounts payable (A/P). It’s an important figure to know because it
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