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, ...

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 ...

The income statement summarizes how much revenue a company made during a reporting period and how much it cost to earn that income. The most important parts of the statement depend on your perspective ...

If your business buys goods and offers them for resale, your inventory will factor into your balance sheet as part of cost of goods sold (COGS). If you buy less inventory, your income statement figure ...