The financial health of a business depends on accurate calculations. It's crucial to use the proper tools when planning starting costs when calculating your breakeven level or analyzing an potential acquisition. Calculations for business can be simple or complex but the outcomes are crucial.

Start-up costs are the cost required to begin a new business, such as fixtures, equipment and office equipment. The cost of starting up can also include research expenses for market research and industry analysis. A good estimate of your startup costs can be made by examining the financial statements of comparable businesses in your industry or speaking with your accountant or bookkeeper for guidance on specific cost categories. It is also recommended to add an insurance policy of 10% of your initial costs, to take into account the unforeseeable.

Calculating your total cost can help you determine if you can earn a profit from selling your goods or services. You can calculate your cost of goods sold (COGS) by using the formula. This is a crucial figure for determining prices and profit margins.

The most effective business calculators are easy to use and come with many functions. Some business calculators come with built-in features like amortization and conversion of interest rates. Certain business calculators come with visual graphs, and others connect to computers so that calculations can be safely stored. There are also business calculators that have more advanced features, for instance, an NPV calculator, which employs the concept of discounted cash flow to determine the net present value of future cash flows.