In our April 3, 2014, installment of Beyond Google – Marketing and Managing on the Web Webinar Series, hosted by Virginia SBDC brought Ray Sidney-Smith, President and Web & Mobile Strategist at W3 Consulting, on to show you some fundamentals about business financial intelligence, as well as how to manage your business finances using some amazing Web-based tools! Here are the Webinar Resources that go with this Webinar:
Business Accounting Formulas
- Profitability Ratios:
- Return on Assets (ROA) = (income statement) net income / (balance sheet) total assets (shown as a percentage)
- Return on Equity (ROE) = (income statement) net income / (balance sheet) owner’s equity (shown as a percentage)
- Return on Sales (ROS) (net profit margin) = (income statement) net income / (income statement) total revenue (shown as a percentage)
- Gross Profit Margin = (income statement) gross profit / (income statement) gross revenue (shown as a percentage)
- Earnings Before Interest & Taxes (EBIT) margin (operating margin) = (income statement) EBIT / (income statement) gross or total revenue (shown as a percentage)
- Operating Ratios:
- Asset Turnover = (income statement) total revenue / (balance sheet) total assets
- Receivable Days (days sales outstanding (DSO)) = last day’s accounts receivable / revenue by day of period that just ended (there are many methods; this is just one common method)
- Days Payable (days payable outstanding (DPO)) = accounts payable / (income statement) cost of goods sold per day
- Days in Inventory (DII) (inventory days) = (balance sheet) average inventory / (income statement) cost of goods sold per day
- Liquidity Ratios:
- current ratio = total current assets / total current liabilities
- quick ratio (acid test) = total current assets – inventory / total current liabilities
- Leverage Ratios:
- Interest Coverage = EBIT / interest expense
- Debt to Equity = total current liabilities / total owner’s equity
Tools We Discussed
- Financial Statement Analysis calculator
- Manilla
- Personal
- FileThis
- Wave Accounting
- LessAccounting
- Quickbooks Online
- FreshBooks
- Harvest
- OneReceipt
- PayPal
- Google Wallet
- Braintree
- Amazon Payments
- Recurly
- Chargify
- PersonalCapital
- GoDaddy Online Bookkeeping
- Mint
- inDinero
- Dun & Bradstreet Business Credit File
- FancyHands – Personal assistants for everyone (using this referral link gives you 50% off the first month)
- FutureAdvisor
- Stripe
Articles and other presentations online about small business financial management:
- 5 Handy Apps for Small Business Finance Management
- Small Business Financial Management Kit For Dummies
- Checklist for Managing a Small Business’ Finances
- Managing the Finance Function (prezi)
- Business & Finance (prezi)
- Finance at a Glance! (prezi)
- Skills Needed to Manage Personal Finance (prezi)
- Consequences of Poor Financial Management (prezi)
- Financial Management. Lecture 1 (slideshare)
- Chapter 1 – the role of financial management (slideshare)
- Business and Personal Finance (slideshare)
- Lean Finance for Startups (udemy)
- Budget – Save – Win. Simplify your financial life. (udemy)
- Finance and Accounting for Startups (udemy)
- Financial Basics for the Savvy Startup (udemy)