Discover the synergy between income statements, balance sheets, and cash flow statements for a full analysis of a company's financial health and performance.

You don’t need to be a CPA to understand your company’s financial health. You just need to know where to look. That starts with the income statement—also known as the profit and loss (P&L) ...

Forbes contributors publish independent expert analyses and insights. Lien De Pau, founder of The Big Exit. Sell your biz for max value. For small business owners, profit matters a lot. It's more than ...

Discover how cash purchases impact a company's income statement and where to find detailed records in financial reports.

Managing a small business is no small feat, and income management often tops the list of challenges small business owners face. Without clear financial oversight, even a thriving business can struggle ...

A recent study by the Minneapolis Fed found small-business owners see faster rates of income growth than people collecting a paycheck. When entrepreneurs list their principal reasons for launching a ...

The world is constantly shifting, with new investment trends and wealth-building strategies appearing every year. Yet one path has remained remarkably consistent for building lasting financial success ...

Editor’s Note: This post is focused on helping you understand profit and loss statements. This financial statement is used by most small business owners to help assess business profits and losses ...