The Income Statement and Cash Flow Statement are two financial tools that are used to guide several different aspects of the operations...

It's that time of year to build a budget for your business's upcoming year. "What?!", you exclaim, "who needs a budget anyway?". You do...

There are two forms of accounting methods that can be used to construct a set of financial statements for an entity; Accrual and Cash...

The Income Statement, or Profit and Loss (P&L), shows the financial performance of a business over a specific period of time. This...