Tag: Income Statement

  • Using Financial Statements to Grow Your Business.

    Using Financial Statements to Grow Your Business.

    There is a lot of focus on having clean financial statements to understand your business’s performance and have your tax returns prepared at the end of the year. However, there’s more value that business owners can gain out of having clean, up-to-date financial statements. Understanding income statements and balance sheets are a necessary function of […]

  • Understanding Income Statements vs. Balance Sheets

    Understanding Income Statements vs. Balance Sheets

    Understanding income statements and balance sheets are a necessary function of running a successful small business. Financial statements refer to your income statement (also referred to as your profit and loss or P&L), balance sheet, and cash flow statement. Financial statements provide you with the ability to understand a critical part of your business’s performance. […]