8 essential accounting equations every business owner should know | Run your business

8 essential accounting equations every business owner should know | Run your business

  Learn more about accounting equations for business owners: https://intuit.me/3DNACFZ If you’re a small business owner who prefers to monitor your company’s cash flow with your own two eyes, there are financial accounting equations that you can use to get started. In this video, Astrid Daniela Galvez (QuickBooks ProAdvisor and Tax Specialist) lays out 8 simple accounting formulas and how to utilize these calculations to assess the financial health of your small business. 00:00 - Introduction 01:08 - The accounting equation 01:35 - Net income equation 01:59 - The break-even point equation 02:32 - The cash ratio equation 02:49 - The profit margin equation 03:19 - The debt-to-equity ratio equation 03:41 - The cost of goods sold equation 04:03 - The retained earnings equation   This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them. Click for the latest updates...