Tag: Google Sheets
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Basics of Financial Planning to Help You Manage Your Money
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If you want to manage your expenses and build financial freedom, start by creating a budget. Unfortunately, many people do not create a budget: 73% of Americans do not have a budget that they use regularly, according to a survey conducted by the lending platform OppLoans in 2022. As a…
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Cash Flow Timing to Account for Time Value of Money
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The concept of the time value of money is the foundation of discounted cash flow analysis in finance. Discounted cash flow allows for the accumulation of expected interest on a certain amount. The Basic Principle of Time Value of Money The basic principle is that a dollar you have in…
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How to Calculate Capital Gains or Losses Using a Worksheet
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If you purchase and sell investments such as stocks, exchange-traded funds (ETFs), or other assets, you may be required to pay capital gains taxes. You can use a worksheet you create in Excel, Google Sheets, or another program to calculate your capital gains or losses. This also helps you organize…
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Choosing the Right Budgeting Tool for You
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Do you want to reframe your budget? Are you looking for a way to get started? Don’t worry, there are many options when it comes to creating a budget that works well for you. Here are some options to help you get started and create a budget that helps you…
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How Bitcoin and Blockchain Are Changing Crowdfunding Processes
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The blockchain technology is quietly changing many industries. Just like the early days of the internet, it’s happening without much fanfare. But movements are building up, especially in the realm of fundraising for businesses. Bitcoin and blockchain technology are creating new and exciting opportunities in the field of crowdfunding. What…
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5 Retirement Planning Tools
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Retirement planning requires an attempt to anticipate the future and make estimates about several complex factors. Perhaps this is why many Americans do not take the necessary steps to prepare well for what is to come. According to Northwestern Mutual’s 2019 Planning and Progress Study, more than one-fifth of Americans…
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How to Calculate the Present Value of a Financial Amount
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Calculating Present Value Let’s say you just graduated from college and plan to work for a few years, but your dream is to own your own business. You have some money now, but you don’t know how much you can save before buying your business in five years. You can…
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What are temporary accounts?
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Definition and Example of Temporary Accounts How Temporary Accounts Work Types of Temporary Accounts Definition and Example of Temporary Accounts Temporary accounts are accounts that track a company’s financial activity over a specific period. These accounts are short-term and are typically closed at the end of each accounting period. Whether…
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How to Create an Invoice for Your Business
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Learn how to choose and format the best template for you Creating a Strong Template When choosing an invoice template for your small business, you should consider your industry and specific needs when billing clients and customers. Prioritize selecting a template that features a clean design that is easy to…
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Regression Analysis: Understanding the Relationship Between Variables and Predicting Sales Performance
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Regression analysis may sound like a rigid term, but in reality, it is much simpler than you might imagine. It is a statistical method aimed at understanding the relationships between different variables, as if you are playing the role of a detective trying to solve data puzzles rather than traditional…
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6 Reasons Why Chromebook is the Ideal Choice for Businesses
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With the rapid development of technology and the needs of modern work environments, Chromebooks have become the preferred choice for many companies, especially small and medium-sized businesses. The popularity of these devices stems from a set of unique features that make them ideal for professional use, such as affordability, advanced…