If the calculation shows that you need to sell 769 units to break even, any units sold beyond this point contribute to net profit. To calculate the break-even point in terms of total sales dollars, multiply the break-even units by the selling price per unit. In this case, 769 units at $20 per unit would […]

Accounting software does a lot of the heavy lifting (such as keeping track of debits and credits) for you. However, it’s still important to understand basic accounting principles to know what’s happening behind the scenes. Business owners should be able to enter transactions, reconcile accounts and interpret financial statements accurately. The primary output of the […]

This independence provides an additional trusted outlet to assess financial decisions. Our entertainment niche provides the knowledge to manage financial needs and bring professional resources to the table for each growth phase of your career. My friend’s band has started to make a little more money at gigs, about $600–800 a show. If they take […]