A company's ability to produce accurate financial statements is essential to its survival. Many interested parties, not just company owners, rely on information about money coming in and going out of ...

Common size analysis can help you see how your company is performing year over year so you can identify trends. Many, or all, of the products featured on this page are from our advertising partners ...

There are a variety of ways to think about business costs. Marginal costing income statements are more useful for analyzing inventory and production costs, while absorption costing is required under ...

An income statement is your business’s bottom line: your total revenue from sales minus all of your costs. Financial data is always at the back of the business plan, but that doesn’t mean it’s any ...

Budgeting or forecasting is extremely important for F&B companies of all sizes. Many companies use top-down or bottom-up approaches, but regardless, it is unacceptable when a company says it can’t do ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...