As a business owner monitoring the financial health of your business is an essential task. You need to understand the financial position of your company and how you can improve it. The income ...

An income statement is your business’s bottom line: your total revenue from sales minus all of your costs. Financial data is always at the back of the business plan, but that doesn’t mean it’s any ...

An income statement differs from a budget on various fronts, and understanding these distinctions can help you make sense of concepts such as profitability, liquidity management and solvency. The last ...

Your company's income statement shows its net income for a specific month, quarter or year. The initial section includes revenue minus the cost of goods sold, which equals gross profit. You then ...

A balance sheet displays what a company owns, what it owes, how it's financed, and its shareholders' equity at a particular point in time. An income statement displays the company's revenues and ...

An income statement is a financial document that details the revenue and expenses of a company. Some investors and analysts use income statements to make investing decisions. The income statement, ...