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Annual Revenue Meaning and Calculation
https://www.sofi.com/learn/content/annual-business-revenue/
Annual business revenue refers to the income generated by a business over the course of one year before any expenses are deducted. This is a key number for business owners to know because it tells you how well your company is doing. Knowing your annual revenue also allows you to track your company’s performance against […]
What Are Liquid Assets and How Do They Work?
https://www.sofi.com/learn/content/what-are-liquid-assets/
Liquid assets are any assets that can be easily and quickly converted into cash. In fact, people often refer to liquid assets as cash or cash equivalents, because they know that the asset can be exchanged for actual cash without losing value. Here’s a closer look at the topic and how liquid assets can contribute […]
Dividend Checking Accounts Explained
https://www.sofi.com/learn/content/dividend-checking-accounts-explained/
Unlike savings accounts, checking accounts are designed for everyday money management and generally don’t pay interest on the money sitting in the account. However, there are some exceptions to this rule, including dividend checking accounts. Dividend checking accounts are essentially the same thing as interest or interest-bearing checking accounts. The only difference is that they […]
Guide to Using a Personal Cash Flow Statement
https://www.sofi.com/learn/content/personal-cash-flow-statement/
If you’re often surprised (and not in a good way) when you open up your credit card and bank statements and see how much money you spent, you are not alone. In this scenario, there could be a simple solution: a personal cash flow statement. Creating a personal cash flow statement can give you a […]
Can Small Business Owners File for Unemployment?
https://www.sofi.com/learn/content/small-business-owner-unemployment/
If your small business hits a slump, due to a crisis, pandemic, or other unfortunate circumstance, any employees you let go will be able to file for unemployment benefits. You may wonder, however, if the same applies to you: Can small business owners file for unemployment? Is your only option small business bankruptcy? In some […]