Financial statements are key to understanding the underlying drivers of a business—i.e., how your business is growing, what the margin profile is, how much cash it is generating and using and from ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

Opinions expressed by Entrepreneur contributors are their own. A few times in my consulting and accounting career, I have had to explain very basic financial topics to seasoned business owners. I have ...

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...

In the complex landscape of business leadership, mastery of fundamental financial concepts is no longer a luxury reserved for the Chief Financial Officer—it has become a crucial necessity for leaders ...

Having worked in various finance leadership roles in the technology industry both in Fortune 500 companies and in startups for almost a decade, there are few things I appreciate more than the value of ...

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, ...

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...