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 ...

Create this important document to show investors the true net worth of your business, and to keep track of your financial trajectory. If the income sheet shows what you’re earning, the balance sheet ...

Discussions about an optimal size of the Fed’s balance sheet are increasingly at odds with the diverse drivers of how this ...

Deferred gains are profits that the business has not yet accepted the money. It is sometimes called unearned revenue, and while it represents a future asset, it is treated as a liability on the ...

Although having debt on the balance sheet is positive in certain instances, having too much can make companies insolvent or less attractive to lenders and investors. This makes managing payables ...

A financial statement that lists the assets, liabilities and equity of a company at a specific point in time and is used to calculate the net worth of a business. A basic tenet of double-entry ...