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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
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
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.
"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
Showing an employee time sheet.

May 23, 2024

Employee Attendance Tracker: Overview, Instructions & Template

Free Employee Attendance Tracker Template

An employee attendance tracker is a way to track employee attendance, tardiness, absenteeism, and time off—a major part of managing employees. A good employee attendance tracker allows you to quickly identify repeat attendance-related offenses and act swiftly to discipline and coach your staff to correct
EFT, text words typography written with wooden letter.

May 21, 2024

What Is an EFT Payment? How It Works for Small Businesses

Free Template

In a nutshell, electronic fund transfer (EFT), sometimes called “pay by bank,” is a broad term used to classify all types of digital exchange of funds between two banks. While EFTs are generally slower to process than card payments, EFT payments (such as ACH and
A guy holding a mobile phone.

March 22, 2024

Call Logging: Definition, Benefits to Small Businesses & Free Templates

Free Template

Call logging is the practice of recording incoming and outgoing call history notes and call details, such as the call’s origin, date, time, duration, and discussion summary. While it is possible to create call logs manually, many voice-over-internet-protocol (VoIP) business phone systems perform call logging
Showing a graphic of an employee holding a tab with excel logo.

March 15, 2024

Free Excel Test for Interviewing Candidates

Free Template

When hiring for certain positions, you must ensure job applicants are well-versed in the qualifications for the role. For bookkeepers, accountants, and any finance position, among others, Excel skills are vital. If you need a quick way to test applicants, use our free Excel test for
Note with SEO audit.

March 7, 2024

What Is an SEO Audit? (+ SEO Audit Checklist)

Free Template

By now, you've probably heard "SEO" a million times and maybe are still wondering what it is. Search engine optimization is how a business can fine-tune its site to attract more search traffic. But how do you know whether your optimization efforts are working? By
small square with percentage print

February 22, 2024

What Is APY In Business Banking & How To Calculate It

Business Money Market Interest Calculator

Annual percentage yield (APY) refers to the total amount of interest that you can earn on a deposit within one year. Because APY compounds, the APY on account will be slightly higher than the stated interest rate. In other words, you can earn interest on
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