We can't all be math wizards. From understanding capital and cash flow to evaluating loan and debt options then sorting out taxes and payroll deductions, there are a lot of numbers that have to be moved around - and understood - to run a small business.
Luckily, there are a lot of great business financial calculators out there that will help you sort out all the numbers relating to your business - and what they mean to your bottom line and your business' future.
Accounting and Taxes
When it comes to the health of any company, the day-to-day monies coming in and going out are important to keep tabs on. There also needs to be a good amount of planning to make sure you know what you should be putting aside for Uncle Sam, so you are not unpleasantly surprised at the end of the year.
Working Capital Needs Calculator - Working capital is the money you need to have in the bank to be able to pay all the bills that come into your accounts payable department. This calculator can show you what is happening with your cash flow and what you need to be bringing in to keep your head above water.
Self-Employment Taxes Calculator - If you are self-employed, there are all sorts of tax and deduction rules that may apply to you. This calculator will help you find out what you will end up paying when it's all said and done.
Gross Pay Calculator - If you have employees, you need to make sure you are taking the right amount out of their paychecks to cover all tax and federal deductions, as well as any benefits. This calculator will make sure your number crunching is correct.
Debt Management
Keeping tabs on your small business' debt is important to keep it from getting out of hand. It's also necessary to know how to get rid of it. These calculators will help sort out your business' debt profile.
Total Debt Calculator - This calculator will help you figure out just how much your business owes on its accounts.
Accelerated Debt Payoff - Once you know your debt, you need to get rid of it. This calculator will help you come up with a payment plan to get out of debt sooner.
Business Debt Consolidation - At some point, it may be best to consolidate your business debt to pay it all off. This calculator will help you find out if that time has come.
Loans
Every now and then, every small business needs a little financial boost. Most look to commercial loans. These calculators will let you know if you will be able to get a loan, and how much it will cost.
Commercial Loan Calculator - This calculator will help you find out whether or not you are likely to be approved for a business loan.
Enhanced Loan Calculator - Not sure which loan will work best for your business? Use this calculator to change out variables such as loan amount, interest rate and monthly payment to see how your options stack up.
Amortizing Loan Calculator - If you have a monthly payment in mind for your business loan, this calculator will help you find out just how much you will be able to borrow.
When it comes to running a business, crunching numbers is never fun. But these handy calculators can help you get the job done just a little bit easier.
