The break-even analysis is an extremely important tool for every entrepreneur. It shows, at which point in time the turnover and the coverage fee thus achieved covers your fixed costs and variable costs. Simply put, when an investment pays off, it raises profits.
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For the calculation of the break even point, although no business studies are necessary, it is not that simple. Our free Excel template for the break-even analysis takes you the calculation. Just download, enter numbers, and Excel shows the results as a table and a graph.
Whether you have enough money for an investment, you should know beforehand. The accounting department provides you with information or you simply look for yourself. An accounting software like Lexware accountant shows you with just a few mouse clicks how your company is currently standing. It also takes away self-employed, small and medium-sized enterprises from a lot of work, ensures the necessary business overview and saves time.
By the way: With Lexoffice, Lexware also offers an even cheaper rental version on a monthly basis.
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