An income statement is your business’s bottom line: your total revenue from sales minus all of your costs. Financial data is always at the back of the business plan, but that doesn’t mean it’s any ...

Learn what certified financial statements are, when you need them, and how to obtain them. Includes costs, timelines and a complete prep checklist.

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...

Editor’s note: This is the first article in a monthly step-by-step guide for getting your financial house in order. Yes, it’s a daunting process, but we’re breaking it down into manageable steps that ...

FASB on Friday released an update that defers a portion of new accounting requirements for comprehensive income issued earlier this year. The update defers the requirement to present items that are ...

Giving USA’s recent upbeat report showing record corporate giving in 2024 ran headlong last week into the “One Big Beautiful Bill.” By upending the tax code, the legislation signed into law on ...