Definition of Goodwill

Goodwill is the value of the intangible assets of a business.
(Definition continues below)

In dollar terms, it is the difference between the total purchase price of a business and the net value of the tangible assets being purchased.

Goodwill References On This Site

These Gaebler.com articles mention this glossary term:

• Severance Packages - As a gesture of goodwill, many offer laid off employees severance packages...
• Collect Slow, Pay Fast - Imagine the goodwill that will gain for your business. Do you think...
• Public Relations for Entrepreneurs - This will help gain goodwill and of course, visibility within the community...
• Accounting Terminology for Entrepreneurs: G-L - This excess value is called goodwill. Goodwill shows up on financial statements when a business...
• Balance Sheet Interpretation Part I: Introduction - To get a general feeling for an All-American balance sheet, the following is a list of assets and liabilities as shown in Berkshire Hathaway's 2007 annual report: Berkshire Hathaway Assets Cash and equivalents Accounts and notes receivable Inventory Other current assets Goodwill and other intangibles...
• French Entrepreneurs - There was a reduction on social security contributions on low wages, tax on fixed assets and the annual payroll, transfer taxes on businesses and goodwill, inheritance taxes, tax constraints on business ownership etc. In...
• Accounting Terminology for Entrepreneurs: A - Some intangible assets, such as brand name and goodwill, may not be amortized if it is deemed to...
• Taking Care of Your Health in China (Part 1 of 2) - Don't forget that you are having a business dinner and since sharing a meal is such a big part of the Chinese business culture, you want to use this opportunity to develop goodwill and shed your imagine as an outsider. Of course...
• Caps on SBA Goodwill Financing - The language as currently drafted says the following with respect to SBA loans that involve goodwill...
• Why a Small Business Stimulus Makes Sense - The banks are not lending, and the SBA has put caps on goodwill lending over a certain amount...
• Getting Rid of Old PCs - Computers for Learning, Goodwill, or the Salvation Army will take PC donations. Many...
• Customer Loyalty Programs - In most cases, the costs of upgrades are negligible compared to the feelings of goodwill they create in your customers. Airlines have been using...
• The Office Break Room - Some employers happily provide coffee for their employees as a gesture of goodwill. Others feel that employees should either pay a nominal...
• Severance Packages - As a gesture of goodwill, many offer laid off employees severance packages...
• Collect Slow, Pay Fast - Imagine the goodwill that will gain for your business. Do you think...
• French Entrepreneurs - There was a reduction on social security contributions on low wages, tax on fixed assets and the annual payroll, transfer taxes on businesses and goodwill, inheritance taxes, tax constraints on business ownership etc. In...
• Customer Loyalty Programs - In most cases, the costs of upgrades are negligible compared to the feelings of goodwill they create in your customers. Airlines have been using...
• Public Relations for Entrepreneurs - This will help gain goodwill and of course, visibility within the community...
• Accounting Terminology for Entrepreneurs: A - Some intangible assets, such as brand name and goodwill, may not be amortized if it is deemed to...
• Taking Care of Your Health in China (Part 1 of 2) - Don't forget that you are having a business dinner and since sharing a meal is such a big part of the Chinese business culture, you want to use this opportunity to develop goodwill and shed your imagine as an outsider. Of course...
• Caps on SBA Goodwill Financing - The language as currently drafted says the following with respect to SBA loans that involve goodwill...
• Getting Rid of Old PCs - Computers for Learning, Goodwill, or the Salvation Army will take PC donations. Many...
• The Office Break Room - Some employers happily provide coffee for their employees as a gesture of goodwill. Others feel that employees should either pay a nominal...
• Accounting Terminology for Entrepreneurs: G-L - This excess value is called goodwill. Goodwill shows up on financial statements when a business...
• Balance Sheet Interpretation Part I: Introduction - To get a general feeling for an All-American balance sheet, the following is a list of assets and liabilities as shown in Berkshire Hathaway's 2007 annual report: Berkshire Hathaway Assets Cash and equivalents Accounts and notes receivable Inventory Other current assets Goodwill and other intangibles...
• Why a Small Business Stimulus Makes Sense - The banks are not lending, and the SBA has put caps on goodwill lending over a certain amount...