Best Financial Ratios for Small Businesses
In the realm of small business, financial literacy empowers growth. While intricate spreadsheets may seem daunting, financial ratios simplify complex financial data into bite-sized, actionable insights. These ratios act as your financial compass, guiding you toward informed decisions and sustainable success. Table of Contents What is a Financial Ratio? Imagine financial ratios as performance metrics […]
6 Types of Business Bank Accounts [2025 latest]
As a business owner, keeping your finances organized and separate from your personal life is crucial. This is where business bank accounts offer dedicated spaces to manage your company’s income, expenses, and overall financial health. But with various options available, choosing the correct account can feel overwhelming. This guide explores the different types of business […]
Outsourced CFO Services: Business Benefits
A successful business is the cornerstone of a growing economy. Business development drives national growth, and that success often hinges on well-managed accounting and finance operations. While small and mid-sized business owners aim for high sales and profits, they frequently lack focus or expertise in financial management. This is where outsourced CFO services become a […]
Why More Businesses Are Choosing Outsourced CFO Services
As companies scale, managing financial complexities becomes more challenging. From cash flow and compliance to financial planning and investor relations, businesses need expert guidance to thrive. However, hiring a full-time CFO can be expensive and impractical for many growing organizations. This is where outsourced CFO services come in. At Profitjets, we provide flexible, strategic financial […]
How to Open a Company in the USA from India: Step-by-Step Guide
Opening a company in the USA from India is a strategic move for entrepreneurs who aim to expand their business horizons. The USA offers a thriving business ecosystem, access to a massive market, and global credibility for your brand. If you’re planning to open a company in the USA and take your entrepreneurial ambitions to […]
Mastering Your Small Business Profit Margin: What It Means and How to Improve It
Understanding your small business profit margin is essential for assessing your company’s financial health and making informed decisions. Profit margin indicates how much of every dollar earned translates into profit after all expenses are paid. In this comprehensive guide, we’ll explore what a reasonable profit margin for a small business is, discuss what constitutes a […]
Owners Draw: A Complete Guide for Business Owners
Understanding how to compensate yourself as a business owner is crucial for both personal financial planning and the overall health of your company. In this guide, we explore the concept of an owners draw, explain what an owners draw is, and detail the tax implications—answering questions such as how owner draws are taxed. Whether you’re […]
The Ultimate Guide to Adjusted Gross Income: Understanding, Calculating, and Optimizing AGI
Adjusted Gross Income (AGI) is a cornerstone of the U.S. tax system. It forms the basis for determining your taxable income and plays a crucial role in your eligibility for various tax credits and deductions. In this comprehensive guide, we’ll dive deep into what adjusted gross income is, explain how to calculate AGI, and discuss […]
Profit and Loss Statement Templates and Tips
A Profit and Loss Statement offers a detailed overview of a company’s financial activities over a designated timeframe, typically monthly, quarterly, or annually. It outlines total revenues and deducts all expenses related to generating those revenues, resulting in the net profit or loss for the period. This statement is indispensable for business owners, investors, and […]
Understanding and Managing Petty Cash: A Comprehensive Guide
Petty cash serves as a small reserve of funds that businesses maintain to cover minor, incidental expenses that are impractical to pay by check or credit card. These expenditures include office supplies, employee reimbursements, or other small operational costs. Effective management of petty cash is crucial for accurate financial reporting and operational efficiency. Table of […]
