When you are putting together your financial statements, you need to look at your account balances to properly place each item on the financials. The accounts are made up of debits and credits. For ...

Learn how to prepare an up-to-date profit and loss statement, balance sheet and statement of cash flows. Many, or all, of the products featured on this page are from our advertising partners who ...

Financial statements generally contain sensitive and important data about your business or personal income and assets. Because of the data's importance, you must follow standard protocol when ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. David ...

In the past, I have discussed the differences between the cash and accrual methods of accounting and recommended keeping your books on an accrual basis. Assuming this sage advice is followed, the ...

All publicly traded companies are required to release financial statements quarterly so investors can get a sense of how the business is doing. There are three main financial statements investors ...

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...