Mission Statement

Our mission is to provide businesses with significant information to help the operation and execution of their business model. MyOverhead web based calculation system is dedicated to providing you with concise, easy-to-understand information and ideas to help you maximize your profits and understand the vital essentials of entrepreneurship.

This is inspired under the belief that entrepreneurs must first saturate their brain with proper business know-how, related facts and concepts to make their business successful today and tomorrow.

The value of our web based calculation system lies not in how closely you follow and understand your numbers, but in how you manipulate the content to your own advantage.

We serve our clients as a trusted ally, providing them with the loyalty of a business partner who understands there concerns. We make sure that our clients have what they need to run their businesses profitably, with maximum efficiency and reliability.

Our goal : is to focus on making strategic business connections and serve as a key tool for the executions of our clients economic growth.

The result : to serve as a beacon of light for businesses struggling to develop, create and maintain a viable business in the best and worst of times.

 

Profit

At its most basic level, profit is defined as the difference between a business' income and its costs. When you evaluate whether a specific project was profitable, you typically look at gross profit. This is the project's revenue minus all of the direct costs related to it, such as personnel costs or any equipment that was required.

However, there are other items that fall into the cost or expense category, which should be included to get a clearer picture of your profitability.

These fixed or indirect costs are the costs associated with doing business and are also known as overhead. They might include rent, utilities, phone, equipment, interest on bank loans, taxes, employee salaries that are not billed to a specific project and staff training.

To determine profit, you must subtract all of your fixed or indirect cost from gross profit.

Cash Flow

Cash flow refers to both the revenue and expenses that flow into and out of a company's cash account. Cash may flow into your business through sales or operations, financing or investing. It may flow out to pay expenses or make investments.

Cash flow is crucial to a business' survival. To be successful, companies must have sufficeient cash on hand to pay employees, vendors and others in a timely manner. They should also have adequate cash available to put back into the business.

To manage your cash flow, you must shorten the length of time it takes to turn your services or product into receivables into cash, while delaying outlays of cash as much as possible.

Overhead

Overhead refers to any business expenses that are necessary for running the business, but do not directly generate revenue. Overhead may include expenses for accounting, advertising, depreciation, insurance, interest, legal fees, labor not directly related to generating income (such as clerical support), rent, supplies, taxes, telephone and utilites.