Here, we look at why it makes good commercial sense to gather the right data and create a formal calculation of potential profit or loss. QUESTION: Having started a business as a self-employed driving ...

We've looked at how to prepare proforma profit and loss (income) statements and how to generate cash flow forecasts from these. Once we have the cash flows, it is a quite straightforward process to ...

The ABS function is a simple yet powerful tool in Microsoft Excel for handling data analysis tasks where the direction of the values is irrelevant, and only the magnitude matters. Understand the ABS ...