A restaurant business is unpredictable, and costs that escalate without warning can make all the difference between making or losing money. Your restaurant may be full regularly, but if your overhead ...

Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

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

What Is An Income Statement? An income statement lists a company’s income, expenses, and resulting profits over a specific time frame, usually a quarter or fiscal year. Companies create income ...

The income statement is one of the core financial statements for any business. Every daily operation that impacts cash flow has a direct impact on the income statement. If you understand what ...

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 ...