This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. In financial accounting — one of the most common types ...

Opinions expressed by Entrepreneur contributors are their own. Income statements are fundamental financial documents that track a business’s revenue, expenses, and profit over a specific period.

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) ...

Jason Morris has 9+ years of experience as a financial professional. He is currently a controller for Nucorp, the largest steel producer in the U.S. Suzanne is a content marketer, writer, and ...

Amortization and depreciation are non-cash expenses on a company's income statement. Depreciation represents the cost of capital assets on the balance sheet being used over time, and amortization is ...

The total dollar value of the goods and services your business sells only tells one side of its financial story. The more you spend on business expenses such as materials and payroll, the less you ...

A manufacturing company makes physical products from parts and materials. The income statement is one of the most important financial statements this type of firm prepares. This statement comes in ...

In accounting, every financial transaction is recorded by two entries on the company's books. These two transactions are called a "debit" and a "credit," and together, they form the foundation of ...

In the table above for the annual income statements of Apple (Nasdaq: AAPL) from 2017 to 2021, the top line item for revenue is labeled net sales. Moving down on the income statement, items are ...