Accurate calculations are vital to the financial health of any company. If you’re planning the initial costs, determining your break-even point, or analyzing the value of a possible acquisition, you must use the correct tools. Calculations can be simple or complex, but the results matter.

Costs for starting up are the costs needed to start an entirely new business, which include fixtures, office supplies, and equipment. The cost of starting up can also include research expenses, such as market and industry analysis. A reliable estimate of startup expenses can be calculated by looking over the financial statements of similar businesses in your field or talking with your accountant or bookkeeper for advice on particular cost categories. It’s also beneficial to add an extra safety cushion, such as 10%, when you calculate your initial costs to account for unexpected costs.

Calculating your total cost will help business rating pro you determine if you are able to make a profit selling your goods or services. Calculate your cost of goods (COGS) by using a formula. This is an important figure for setting prices and determining your profit margin.

The best business calculators are easy to use and feature many functions. Some calculators for business have built-in features, such as interest rate conversions and amortization. Others may include visual graphs or connect to a computer for secure storage of calculations. There are also business calculators with more advanced features. For example an NPV calculator that makes use of the discount-cash-flow method to calculate the future cash flow’s net present value.