Microsoft defines Excel SUBTOTAL as the function that returns a subtotal in a list or database. In this context, “subtotal” is not just totaling numbers in a defined range of cells. Often, we use hide rows feature in excel to …

As soon as you start typing a Subtotal formula in a cell or in the formula bar, Microsoft Excel will display a list of available function numbers for you. That’s why some national retailers have an easier time sharing “subtotals” …

A turnover ratio of 4 indicates that your business collects average receivables four times per year or once per quarter. If your credit policy requires payment within 30 days, you might want your ratio to be closer to 12. Yes, …

To keep track of the cash flow (movement of money), this has to be recorded in the accounting books (bookkeeping is an integral part of healthy business activity). This legal claim that the customers will pay for the product, is …

An example budget report typically follows the same formatting as an income statement. The sales and revenues are listed first followed by the cost of goods sold, selling expenses, general and administrative expenses, other expenses, and finally a net operating income …

It’s worth spelling out clearly the differences between budgets and forecasts. They’re close cousins, in a way, but the purpose and goals for each are slightly different. Include your company logo and contact information at the end of the report …