It’s usually a given that you didn’t start your small business because you love accounting. Even if you have someone else handling your accounting, it’s essential to keep your finger on the pulse of your business’ viability, as it will help you to be better equipped to manage your business.

QuickBooks helps to demystify accounting by providing eight accounting equations that every small business should know to check their financial health. These equations are: accounting, net income, break-even point, cash ratio, profit margin, debt-to-equity ratio, cost of goods sold, and retained earnings.