Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Learn how to read an income statement! This beginner's guide breaks down revenue, cost of revenue, gross profit, operating expenses, and more. Master financial statements! ABC suspends Jimmy Kimmel's ...

The income statement is one of the core financial statements, and it details all of the revenue and expenses recorded for an accounting period. When you need to present the net income or loss for an ...

The accounting equation, assets equals liabilities plus stockholders' equity, is the foundation of the balance sheet. The retained earnings account is part of the stockholders' equity section. The net ...