Knowing your net worth is important for financial planning, but for business owners, the math can get a little tricky.

Residual value is the estimated value of an asset at the end of its useful life. It's used to figure out things like the value of a car at the end of a lease or how much equipment is worth after it's ...

Your net worth is the dollar amount of all of your assets minus your debts. If your assets exceed your liabilities, you have a positive net worth. Conversely, if your liabilities are greater than your ...

The concept of "net realizable value" crops up in two major categories of business bookkeeping: inventories and accounts receivable. Both are classified as current assets, meaning they are assets that ...

John Schmidt is the Former Assistant Assigning Editor for investing and retirement. Before joining Forbes Advisor, John was a senior writer at Acorns and editor at market research group Corporate ...

Net worth is the value of your assets, which is basically everything you own, such as your retirement savings and real estate, minus your liabilities — the total of everything you owe. It’s a good ...

Net worth is calculated by subtracting total liabilities from total assets. Your net worth can fluctuate over time. Having a negative net worth is not necessarily problematic. Income isn’t the only ...

Simply put, your net worth is how much money you have left after you factor in your debts. Knowing your net worth is critical to understanding your overall financial health and ensuring you're on ...