An income statement is an important document for your company’s financial health. Yet, many small business owners stumble when preparing it. Read on for help in preparing your own income statement.
What Is An Income Statement?
An income statement is a report of revenues generated and expenses incurred by your business. It’s most commonly recorded over the course of a year, a month or a quarter. This statement is sometimes called a Profit and Loss statement because the report arrives at a net profit or loss. Read More