Business Management

10/05/2026

20+ Business Performance Report Templates in Excel (Free Download)

The income statement is one of the most important financial reports, reflecting a company's operational performance over a specific period. To ensure accuracy and a professional presentation, many businesses choose to use Excel with pre-made templates. In this article, 1Office will share how to create effective reports and compile 20+ of the latest income statement templates in Excel for you to download and apply immediately. 1. What is an income statement? The income statement, also known as an earnings statement, is a type of financial report for a company over a specific accounting period. It is also called the profit and loss (P&L) statement or the statement of revenue and expenses. This type of report primarily focuses on a company's revenue and expenses over a certain period. The formula commonly used for calculations in this report is as follows: Net Income = (Total Revenue + Gains) - (Total Expenses + Losses) In this formula, total revenue includes all income related to the business. Total expenses include all types of costs arising from all company activities. [caption id="attachment_48806" align="aligncenter" width="800"] What is an income statement?[/caption] 2. Distinguishing Between the Income Statement and the Balance Sheet Below are the key differences that help you distinguish between the Income Statement and the Balance Sheet clearly and easily: Criteria Income Statement Balance Sheet Concept A report reflecting revenue - expenses - profit/loss over a period of time. A report reflecting assets - liabilities - owner's equity at a specific point in time. Nature Provides a picture of the company's business performance. Provides a picture of the financial situation at the closing date. Reporting Period Over a period (e.g., March or Q1). At a specific point in time (e.g., March 31). Main Content - Revenue - Expenses - Profit or Loss - Assets - Liabilities -

10/05/2026

73

Upsell and Cross-sell: The Art of Increasing Revenue for Businesses

Upsell (selling an upgraded product) and Cross-sell (selling related products) are two of the sales skills often used by businesses. These two techniques not only help businesses increase profits but also build customer loyalty. However, these two techniques are very easily confused with each other. So, what are Upsell and Cross-Sell, and how can they be applied to business most effectively? Let's find out with 1Office in the article below. [caption id="attachment_25158" align="aligncenter" width="800"] Upselling and Cross-Selling: The Art of Increasing Revenue for Businesses[/caption] I. What are Upsell and Cross-Sell? Upsell and Cross-Sell are easily confused, but in reality, these two concepts are completely different. Upsell: is understood as upselling, a technique aimed at selling a higher-value version of a product that the customer is buying or intends to buy by adding features or functionalities to that product. Cross-Sell: is understood as cross-selling, a technique aimed at selling other related products alongside the product the customer wants to buy. Upsell and Cross-Sell are two techniques used extensively in business, so what makes these two techniques so widely adopted by companies? II. Why do businesses need to apply Upsell - Cross-sell techniques in their business operations? Buyers often tend to trust products they have previously purchased from a store. According to research in the book "Marketing Metrics": The profit margin from new customers is 5% - 20% The profit margin from selling to loyal customers is up to 60% - 70% These are significantly different figures and represent a valuable target that businesses always aim for. With the value these two techniques bring, every business wants to apply them in their operations. Specifically, cross-sell and upsell help businesses: 1. Increase profits [caption id="attachment_25161" align="aligncenter" width="800"] Techniques for applying Upsell and Cross-Sell[/caption] Obviously, when customers buy more, your business earns more profit.

10/05/2026

77

5 Steps to Build the Most Standard, Most Effective Employee Evaluation Process

The employee evaluation process is carried out in 5 simple steps: 1. Create an evaluation form, 2. Establish employee evaluation criteria, 3. Conduct the employee evaluation, 4. Make fair decisions on rewards and penalties, 5. Review the results and set a development direction. The detailed implementation of these steps will be revealed by 1Office in the article below! Read on! 1. What is an employee evaluation process? The employee evaluation process is the sequential execution of steps or activities to assess personnel in all aspects such as performance, competency, attitude, relationships, suitability, etc., of an employee over a specific period. Typically, businesses evaluate their personnel periodically on a monthly, quarterly, and yearly basis. In other cases, evaluation activities can still be conducted whenever the business has a need for assessment. The main purpose of employee evaluation is to provide the business with a basis for making decisions (rewards, promotions, etc.) and for setting directions and human resource development strategies. 2. Benefits of an effective employee evaluation process Building an employee evaluation process is essential for any business to implement. The benefits of an employee evaluation process provide a solid foundation to help businesses: [caption id="attachment_36708" align="aligncenter" width="800"] Benefits of an effective employee evaluation process[/caption] Provides accurate and fair evaluation results: Results are based on evaluation criteria (competency, knowledge, attitude) and measured using quantitative and qualitative methods. Therefore, the evaluation process ensures objectivity and fairness. Easily measures work quality and performance: Managers can easily manage human resources regarding the level of task completion and work efficiency of personnel. Furthermore, all results are encoded with specific and accurate rating scales and evaluation indicators. Clearly understands the state of the company's human resources: The business understands the strengths and weaknesses of its workforce. From there, managers can implement activities to optimize and develop

10/05/2026

21030

What is Human Resource Management? Roles and Effective Management Solutions

Human resource management is one of the key strategies that determines the success of an organization. To maintain stable operations, in addition to resources like finance, materials, and technology, businesses must proactively implement suitable human resource management strategies aimed at common goals. Therefore, in addition to honing personnel management skills, managers also need to have a firm grasp of human resource management knowledge. This will also be the main focus of this article: Understanding human resource management and how to manage human resources effectively for a business. [caption id="attachment_25783" align="aligncenter" width="800"] What is human resource management?[/caption] I. What is human resource management? Human resource management (HRM) is the process of utilizing people within an organization, encompassing all activities throughout the employee lifecycle: human resource planning; organizing, directing, and controlling activities to attract, utilize, and develop human resources to achieve the organization's objectives. This work requires managers to have a strategic vision aligned with the company's business goals to plan and optimize the personnel management process. >> See more: What is HRM software? The role and importance of HRM in business II. Functions of human resource management Human resource management is a very important activity for businesses, especially large-scale enterprises. The main functions of human resource management in businesses basically include: 1. Recruitment function Recruitment is the process of identifying talent gaps in the company and finding the right people to fill those positions. There are four stages in the employee recruitment process: Job analysis - Through the job description, the HRM department is responsible for identifying the necessary requirements for a specific position the company is hiring for Sourcing candidates - This includes the various methods a company uses to attract potential candidates for a given position Screening and selection - This is the process of evaluating candidates based on

10/05/2026

90

How to calculate percentage discounts quickly, accurately, and easily

How to calculate percentage discounts is essential knowledge for buying, selling, running promotions, or managing product prices. If calculated incorrectly, businesses might offer excessive discounts, impacting profits, or causing customers to misunderstand the offer. This article provides easy-to-understand formulas for calculating prices after single or multiple discounts and how to apply them in Excel/Google Sheets. 1. Overview of Calculating Percentage Discounts [caption id="attachment_40620" align="alignnone" width="900"] Overview of percentage discounts[/caption] 1.1 What is a percentage discount? Similarly, a percentage discount can be understood as the amount by which the selling price of a product you want to buy has been reduced from its original price. The discount amount is usually rounded and followed by the percent symbol (%). Simply put, the new selling price of the product is reduced by a certain percentage of the original price. 1.2 When are percentage discounts used? Percentage discounts are often applied by businesses and stores in special offers and promotional programs to show appreciation, encourage customers to buy specific products, or to reduce inventory. Therefore, information about the percentage discount plays a crucial role in the product purchasing process. Buyers can use the percentage discount or increase to calculate and get the best possible price. Learn more: How to calculate percentage trade discounts for products – 3 factors businesses should consider when determining discounts Trade discount accounting: What is it? How is it accounted for? 2. The fastest and most accurate way to calculate percentage discounts [caption id="attachment_40621" align="alignnone" width="900"] The fastest way to calculate percentage discounts[/caption] Discount programs are now an important part of many businesses' strategies, offering several benefits such as: Attracting new customers while increasing customer loyalty Quickly clearing out inventory and reducing logistics costs Increasing sales or market share Creating a competitive advantage over similar products in the market Meeting

10/05/2026

20550

The Most Accurate Way to Calculate Payroll by Revenue in 2026 (Download Sample Excel File)

Currently, calculating the salary fund based on revenue is a key strategy for businesses to enhance employee productivity and retain talent. This form of payment not only motivates employees to be more proactive and autonomous in their work but also drives business growth. So, what percentage of revenue should the salary fund account for? How can you plan the salary fund to meet target revenue? Let's explore with 1Office in the following article. 1. What is a salary fund based on revenue? Benefits of calculating the salary fund by revenue A salary fund based on revenue is the total amount of salary a business pays to its employees during a specific period. In this model, an employee's salary is calculated based on a percentage of revenue. Many businesses today apply the method of calculating the salary fund based on revenue, especially for the sales department, because this payment structure offers numerous benefits: 1.1 Enhance employee productivity Calculating the salary fund based on revenue helps to closely link performance with employee income, thereby contributing to increased employee productivity. When salary and bonuses are set as a percentage of revenue, employees will see it as a goal to strive for and work hard to achieve their desired income. 1.2 Increase employee benefits By applying a revenue-based salary fund calculation, an employee's income is not limited to any specific figure. The higher an employee's productivity and the more revenue they generate for the company, the higher their salary and bonuses will be. This is also an effective strategy for attracting and retaining talent. 1.3 Stimulate revenue growth Calculating the salary fund based on revenue acts as a lever to stimulate business revenue growth. Once employee productivity is boosted through compensation, the business operates more efficiently. Therefore, calculating bonuses based on sales is applied

10/05/2026

9611

Restaurant Employee Payroll Template 2026 [Free Download]

Restaurant employee salary is more than just a number – it's how an organization demonstrates transparency, motivates staff, and controls operational costs. With the unique nature of multiple shift positions, tips, overtime, and more, creating a standard payroll is vital for smooth restaurant operations and retaining talented employees. In this article, 1Office will help you understand how to build an effective restaurant employee payroll for every position, from head chef and servers to managers – along with important notes to ensure fairness and legal compliance. Let's explore popular and updated payroll templates specifically for the F&B industry in the content below. 1. What Information Should Be Included in a Hotel and Restaurant Employee Payroll Basic Information For restaurants to operate at peak productivity, many different teams and job positions are required, which leads to certain salary discrepancies between roles. However, all restaurant employee payrolls share a common structure: Employee Information: Employee name, employee ID (if any), position, contact phone number, address, start date, job role, and other personal information. Basic Salary Information: The employee's basic salary based on working time (e.g., hourly, daily, or monthly) Allowances and Subsidies: These include meal allowances, parking subsidies, seniority allowances, and any other allowances and benefits the employee is entitled to. Deductions: Includes personal income tax, social insurance, and any other deductions the employee must pay. Total Earnings: The total amount the employee receives after calculating the basic salary, allowances, welfare benefits, and after subtracting deductions. Signatures: Signatures of the employee and manager to confirm agreement with the information on the payslip. Allowances and Income Beyond Fixed Salary in a Restaurant When creating a payroll for restaurant employees, you can't stop at just the basic salary. In reality, F&B staff often receive various other supplements – which contribute significantly to their actual monthly take-home

10/05/2026

73

3 Types of Business Leverage to Help Businesses Optimize Profit

Business leverage is an effective tool that helps businesses achieve breakthrough growth. However, increased profits also come with potential risks. If not used correctly, business leverage can become a double-edged sword, affecting the business in many ways. To help business owners and investors clearly understand the operating principles and how to use business leverage for the best results, 1Office will provide the necessary information in the following article. 1. What is business leverage? In financial management, the term "business leverage" refers to a company's use of assets with fixed operating costs or debt with fixed financial costs to increase profits for its owners. Business leverage operates on the principle that a small change in the use of cost sources and financing sources will lead to a large change in the company's business results. 2. Types of business leverage In business, leverage is not just a financial concept but also encompasses many tools and strategies that help companies increase profits, optimize costs, and scale effectively. Depending on their goals and specific operations, businesses can apply different types of leverage to enhance their competitive strength. A clear understanding of each type of leverage will help managers choose the right tools, consider risks, align with business principles, and maximize the company's potential. 2.1. Operating leverage Concept Operating leverage, also known as business leverage, reflects how a company uses fixed operating costs (fixed costs) relative to variable costs. Where: Fixed costs are expenses that remain constant regardless of changes in the company's production and business activities. These costs include depreciation, insurance, a portion of utility costs, and administrative expenses. Variable costs are expenses that change when the company adjusts its production and business activities. These include costs for raw materials, direct labor, selling expenses, a portion of utility costs, and administrative expenses. Degree of

10/05/2026

80

5+ Ways to Set Short-Term and Long-Term Business Goals

To help a business grow and succeed in the market, managers need to set short-term and long-term goals. Short-term goals are the foundation and necessary stepping stones to achieving long-term goals. In this article, 1Office will explain more about the concepts, benefits, methods, and important considerations when building short-term and long-term goals for your business. 1. The difference between short-term and long-term goals A goal is the destination a business aims for during its operations. However, to achieve larger and more ambitious business goals, managers need to establish both short-term and long-term goals. [caption id="attachment_35242" align="alignnone" width="1024"] The difference between short-term and long-term goals in a business[/caption] 1.1 What are short-term goals? When should you set short-term goals? Short-term goals are objectives with a short deadline, typically ranging from a few months to a year. These goals often revolve around solving immediate issues to create stepping stones toward achieving long-term goals. Short-term goals can also involve completing a specific task, increasing sales, or improving product quality. Short-term goals are often set to ensure that the business is operating effectively and meeting current demands. This is especially important for newly established companies, as they need to build a market presence and demonstrate the value of their products or services in a short period. 1.2 What are long-term goals? When should you set long-term goals? Long-term goals are objectives set for a period of 3 to 5 years or more. These are major, crucial goals for a business, related to its future development. Long-term goals can include revenue growth, market expansion, building a major brand, or developing new products. Long-term goals help a business aim for a more distant future, enabling managers to plan and develop long-term strategies to achieve them. They also help investors, partners, and customers get a clearer view

10/05/2026

29240

5 steps for strategic planning – Key considerations for strategic planning

Planning is a crucial step that helps businesses clearly define goals, allocate resources reasonably, and better control implementation progress. But what are the steps for planning, and where should you start to avoid creating an unrealistic plan? This article will help you understand the 5-step process and how to apply it more effectively in your business. I. What is the strategic planning process? 1. Definition Strategic planning is the process of helping a business set goals and build a feasible plan to achieve them. Typically, a plan can include goals for the entire organization or for a specific department within the organization, created by a manager and implemented with their subordinates. When creating a strategic plan, managers and leaders must adhere to the planning steps to ensure clear direction, specific goals, and so on. 2. Key aspects of building a strategic plan When building a strategic plan, managers need to pay attention to the following 4 aspects to create the most accurate and efficient administrative planning steps: [caption id="attachment_28710" align="aligncenter" width="800"] 4 criteria managers must pay attention to when planning[/caption] Tasks to be completed A strategic plan begins with a mission that gives the company a sense of purpose and direction. When implementing a plan, its definition and construction must align with the organization's mission and vision. For example: A business in the education industry might seek to become a leader in online education tools and services - one of the new and popular forms of education. Target goals Typically, when defining an organization's goals, managers often use the SMART model. Measurable goals are very important because they allow business leaders to determine how well the company is performing against its overall goals and mission. For example: Setting goals for a fictional education business could include releasing the first version

10/05/2026

63

What Are Business Goals? How to Define, Set, and Examples

Setting business objectives is a key factor that helps businesses develop sustainably in the long term. So, how do you build business objectives? What is the most effective method? This article by 1Office will share with you smart and effective methods for setting business objectives. 1. What are business objectives? Business objectives are the goals that a company identifies and expects to achieve within a specific period. These objectives can apply to the entire company or specifically to employees, departments, managers, or customers. 2. Why are business objectives important in a business? Business objectives serve as a strategic compass, shaping the development roadmap and optimizing resource allocation. Establishing specific milestones creates a precise measure for evaluating operational efficiency and maintaining team accountability. Alongside mission and vision, clear objectives are the foundation for a business to focus its strengths, motivate its personnel, and make informed decisions. Without objectives, a company will lose direction, be unable to track progress, or ensure it stays on the right track. If you want to make your business the best it can be, you must be willing to set and track objectives. Without objectives, you cannot track the company's progress or hold yourself and your team accountable. Objectives help you create a clear path for the company and keep the business on the right track. Every great achievement starts with completing small goals. All goals are important, regardless of their size. Conquering small milestones creates a solid foundation for achieving larger accomplishments, while also strengthening customer trust in the quality of products and services. To ensure the feasibility and weight of the plan, businesses should apply the SMART model, turning initial ideas into tangible results. 3. What are the types of business objectives? Business objectives are classified based on their timeframe, measurement method, and the nature

10/05/2026

77

What is Management by Objectives? The MBO Method

Goal management is a term frequently mentioned in online business, supporting goal management in line with a company's resources. So, what exactly is management by objectives? What is its effect on business administration? Let's explore the details with 1office.vn in the article below. [caption id="attachment_23154" align="aligncenter" width="800"] What is management by objectives? The MBO method[/caption] I- What is goal management? Goal management (in English: Management By Objectives - abbreviated as MBO) is a management method that defines objectives for each individual and department. It helps record and monitor objective-related tasks over a period to make the most appropriate adjustments. - Management by objectives was developed in 1954 in the book "The Practice of Management" by author Peter Drucker. - The MBO management method helps each employee measure the quality of their work based on the company's plan. - By implementing MBO, businesses gain an overview of each individual's work performance. From there, they can make timely adjustments to move towards the set goals. Management By Objectives motivates employees to accelerate their work process to achieve the entire company's common goals. See more: 3 Modern 4.0 Management Models and Outstanding Management Trends Leaders Need to Know II- The process of the MBO goal management method The essence of the goal management model is to establish the organization's objectives, then devise implementation strategies for each individual, department, and the organization. MBO is built on 4 basic steps: [caption id="attachment_23156" align="aligncenter" width="800"] The MBO method process[/caption] Define objectives The company's leadership needs to set specific objectives related to the vision, mission, and long-term and short-term business strategies. After defining the overall objectives, the business needs to break them down into smaller goals for each individual and department. Whether the company's overall objectives are achieved depends on each employee. Therefore, company leaders need detailed control

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20+ Business Performance Report Templates in Excel (Free Download)

Upsell and Cross-sell: The Art of Increasing Revenue for Businesses

5 Steps to Build the Most Standard, Most Effective Employee Evaluation Process

What is Human Resource Management? Roles and Effective Management Solutions

How to calculate percentage discounts quickly, accurately, and easily

The Most Accurate Way to Calculate Payroll by Revenue in 2026 (Download Sample Excel File)

Restaurant Employee Payroll Template 2026 [Free Download]

3 Types of Business Leverage to Help Businesses Optimize Profit

5+ Ways to Set Short-Term and Long-Term Business Goals

5 steps for strategic planning – Key considerations for strategic planning

What Are Business Goals? How to Define, Set, and Examples

What is Management by Objectives? The MBO Method

Apply management knowledge in practice
with the 1Office all-in-one management solution

Business Management

Featured

7 secrets to confident communication for success

Secrets to Increasing Business Revenue at Year-End

Escaping the Shadow of the Traditional Startup

8 Human Resource Management Lessons from Steve Jobs

Secrets to Retaining Talent for Startups

Smart and Flexible AI & No-code Solution Suite

Latest Articles

20+ Business Performance Report Templates in Excel (Free Download)

Upsell and Cross-sell: The Art of Increasing Revenue for Businesses

5 Steps to Build the Most Standard, Most Effective Employee Evaluation Process

What is Human Resource Management? Roles and Effective Management Solutions

How to calculate percentage discounts quickly, accurately, and easily

The Most Accurate Way to Calculate Payroll by Revenue in 2026 (Download Sample Excel File)

Restaurant Employee Payroll Template 2026 [Free Download]

3 Types of Business Leverage to Help Businesses Optimize Profit

5+ Ways to Set Short-Term and Long-Term Business Goals

5 steps for strategic planning – Key considerations for strategic planning

What Are Business Goals? How to Define, Set, and Examples

What is Management by Objectives? The MBO Method

Apply management knowledge in practice with the 1Office all-in-one management solution

Apply management knowledge in practice
with the 1Office all-in-one management solution