Accurate calculations are essential to the financial health of any business. It is vital to use proper tools when planning the cost of starting up and calculating your breakeven point or analyzing the potential for an acquisition. Business calculations can be straightforward or complex however the results are vital.

Start-up costs are the cost necessary to establish a company like fixtures, equipment and office supplies. The costs for starting a business can include research expenses for market research and industry analysis. You can estimate startup costs by looking over the financial statements of companies in your area or asking your bookkeeper or accountant about specific cost categories. It’s also beneficial to add a buffer of safety of 10%, when calculating your initial costs to cover the unexpected.

Calculating your total costs will help you determine what profits, if any you can expect to earn after selling all of your products or services. You can calculate your cost of goods sold (COGS) using the formula. This figure is important to determine prices and profit margins.

The top business calculators offer various functions and are easy to use. Certain business calculators come with built-in functions, such as amortization and interest rate conversions. Some may also have visual graphs or connect to a computer for safe storage of calculations. There are also business calculators that come with more advanced options, like an NPV calculator, which makes use of the discounted cash-flow calculation to determine the net value of future cash flows.

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