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1081 Search Results

Guide to Business Financial Statements

Guide to Business Financial Statements

https://www.sofi.com/learn/content/business-financial-statement/

…financial statements are typically prepared by an accountant. However, with the help of small business accounting software, you may be able to prepare your own financial statements. Once prepared, financial…


Retained Earnings: Defined and Explained

Retained Earnings: Defined and Explained

https://www.sofi.com/learn/content/what-are-retained-earnings/

…to apply for a small business loan. Potential investors may also be interested in looking at your retained earnings. Calculating Retained Earnings In small business accounting, the retained earnings formula…


EBITDA vs Net Income: Differences and Relationship

EBITDA vs Net Income: Differences and Relationship

https://www.sofi.com/learn/content/ebitda-vs-net-income/

…depreciation expenses) from total revenues. As a result, EBITDA is generally higher than net income. If you own your own small business, it can be a good idea to know…


Prime Rate vs LIBOR Explained

Prime Rate vs LIBOR Explained

https://www.sofi.com/learn/content/prime-rate-vs-libor/

…they affect the cost of borrowing for consumers and small businesses. Key Points •  The prime rate is the interest rate banks offer to their most creditworthy customers, while LIBOR (London…


Understanding Business Liabilities

Understanding Business Liabilities

https://www.sofi.com/learn/content/what-is-a-business-liability/

…them right away. They also help you finance your company. A small business loan, for instance, is a liability that can help you grow your business. As you pay off…


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