Accurate calculations are vital to the financial health of any business. It is essential to use the proper tools when planning startup costs or calculating your breakeven points or analyzing a possible acquisition. Business calculations can be easy or complex however the results are critical.

Start-up costs include the expenses necessary to establish a company including fixtures, equipment, and office equipment. Research expenses, which include analysis of industry and market trends can also be included in the Continued start-up costs. You can estimate startup costs by looking at the financial statements of businesses in your field or asking your bookkeeper or accountant about specific cost categories. You should also add a cushion of safety of 10% of your initial costs, to cover the unexpected.

Calculating your total cost will allow you to determine if you can earn a profit from selling your services or products. Calculate your cost of goods (COGS) by using an equation. This is a crucial figure for determining prices and profit margins.

The most effective business calculators come with many functions and are easy to use. Some calculators for business come with built-in functions like amortization and interest rate conversions. Some business calculators have visual graphs, and others connect to a computer so that calculations can be saved safely. There are also business calculators that have more advanced features, such as an NPV calculator, which makes use of a discounted cash-flow calculation to calculate the net present value of cash flows in the future.