The point, especially the level of sales of a good or service, at which the return on investment is exactly equal to the amount invested.

an agreement entered into between an employing entity and the bargaining representative of its employees.

Coronavirus disease (COVID-19) is an infectious disease caused by the SARS-CoV-2 virus.

The pattern of inflows and outflows of money, such as income from sales and expenses paid out, and the resulting availability of cash in the bank.

Jobs to be Done is a framework published by Clay Christensen. It can be used to create offerings that people truly want to buy by understanding the job the customer is trying to get done.

A credit union is a member-owned financial co-operative. Unlike in a traditional bank, where the owners are those who buy stock, not necessarily those who have accounts, credit unions are created and operated by account holders, who are the members-owners, and profits are shared amongst the owners.

A 12-month period for which an organization plans the use of its funds. (The fiscal year for a business does not always line up with the calendar year.)

A decision making process that rather than voting that is committed to finding decisions that everyone actively supports, or at least can live with. All decisions are made with the consent of everyone involved, to ensure that all opinions, ideas, and concerns are taken into account.

The amount of money in an account at the beginning of a period, especially a month or year.

This percentage represents how much of the money earned by a business is directly spent on creating products or providing services. The lower the percentage, the higher the margin, and the more cost-effective the business appears to be. (To calculate a gross profit margin, first take the gross profit from the Profit & Loss [i.e. total revenue minus direct costs/Cost of Goods Sold]. Divide this number by total revenue. Multiply by 100 to show as a percentage.)

Cash basis refers to a major accounting method that recognizes revenues and expenses at the time physical cash is actually received or paid out.

Also called Collective Equity in a cooperative, Retained Earnings are the accumulated net income that has been retained for reinvestment in the business rather than being paid out in dividends to stockholders. Retained Earnings is a part of the equity section of a business’ balance sheet.

Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff. Payroll taxes generally fall into two categories: deductions from an employee’s wages, and taxes paid by the employer based on the employee’s wages.

An individual's capital investment in a property (e.g., a business) for tax purposes.

Any business in which two or more family members are involved and the majority of ownership or control lies within a family.

The solidarity economy is a global movement to build a just and sustainable economy.

Junior capital defines any non-senior type of debt capital, including mezzanine debt or equity; it is at the risk capital level and generally not secured by assets, i.e., if the company does not achieve its goals the investor’s capital has a high degree of risk of loss.

Overhead is an accounting term that refers to all ongoing business expenses not including or related to direct labor, direct materials or third-party expenses that are billed directly to customers. Also known as “indirect expenses” or “indirect costs”.

Loan guarantees are promises by an individuals, government, or organization to repay a loan if the borrower defaults, reducing risk for the lender.

In accounting, anything of value that a person or business buys. Assets can be physical, such as real estate or stocks, or intangible, such as a claim on debts, such as accounts receivable or liens, or a right, such as a patent. Of crucial importance to assets is their relative liquidity, or the ease with which they can be converted to cash.

In the black means your business is turning a profit and not in debt.

A statement given buy a seller to a buyer itemizing the sale and demanding payment. A bill may be for the sale of a good or a service.

Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.

Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence.

The accrual basis of accounting is the concept of recording revenues when earned and expenses as incurred.

Amortization is the gradual repayment of a debt over a period of time, such as monthly payments on a mortgage loan or credit card balance. To amortize a loan, your payments must be large enough to pay not only the interest that has accrued but also to reduce the principal you owe.

Testing for qualified retirement plans, e.g., ESOPs, pertaining to IRC Section 415 which limits the annual additions allocated to a participant’s account in all defined contribution plans to the lesser of 100% of the participant’s compensation or the statutory limit in effect for the calendar year in which the Plan year ends.

The executive/leadership/management team following a business sale after which the previous owner(s) exit.

The mandatory transfer of employer securities into or out of plan accounts, not designed to result in an equal proportion of employer securities in each account

The balance of an account, such as a bank or credit card account, at the