Discover how different types of expenses impact your business and how to make the most of every dollar.
Overhead costs must be paid regardless of the company's current volume of business. Track them to determine the costs of goods or services.
Direct vs. indirect costs: What small business owners need to know
Tracking costs is an essential part of the budgeting process. Categorizing expenses can affect cash flow and have an impact on federal tax payments.
Operating costs: Understanding and reducing them for your business
Your operating costs directly affect the profitability of your small business. Understanding them will help you plan for the future and grow your company.
Learn how to compute vehicle expenses when you use your personal car for business use. Read about mileage tracking and determining actual expenses
Job Costing vs. Process Costing
Learn about the differences between job costing vs process costing, and which method your business should use. Read about why cost accounting is important.
How to Cut Health Insurance Costs When You’re Self-Employed
If you work for yourself, you're in charge of your own health insurance. Learn about some great resources to help you choose the best healthcare options.
Managing These 3 Expenses Can Help Your Small Business Thrive
By updating their POS systems, small businesses can cut down on expenses while saving both time and money. Learn more here.
VIDEO: Offer Your Employees Truly Beneficial Benefits
By custom-tailoring benefits to employees, Luxelab goes beyond health insurance and retirement. Learn how employee benefits help his business thrive.
5 Tips for Negotiating Better Shipping Terms
Lowering costs can be crucial to many small business. Learn 5 ways you can negotiate better shipping terms for your products.
Assets vs. Expenses: Learning the Difference Can Make You Rich
Understanding the key differences between assets vs expenses may not be too difficult, but using that knowledge to generate wealth can be tricky.
5 Costly Spending Mistakes Small Businesses Make
Learn about five costly spending mistakes new small businesses make, with expert tips on how you should spend your money instead.