What is the Difference Between Gross and Net Income?
As a small business owner, you’re constantly juggling numbers. Two of the most important are gross income and net income. While they might sound similar,…
Profit and Loss
The profit and loss account is also known as an income statement. It will show the profit or loss of a business for a given period.
What is a Financial Statement?
What is a Financial statement? Most businesses require financial statements, but they are not the usual bank statements that you would get from your bank….