When running a business, you need to be able to look at your finances at…
Ask the Experts: Business Planning
What is a Pro Forma Income Statement?
A pro forma income statement is a document that shows a business’s adjusted income if…
How to Find Retained Earnings
Retained earnings refers to business earnings that are kept, not disbursed. More specifically, retained earnings…
How to Calculate Return on Equity
Return on Equity (ROE) is a ratio that helps investors understand the profitability of a…
Balance Sheet vs. Income Statement: What's The Difference?
The balance sheet and income statement are both important documents to business owners everywhere. When…
How to Calculate Net Income
Businesses can calculate net income by taking their total incoming revenue for a specific time…
What is Solvency?
Many companies focus primarily on profit, which is important, but in the attempt to increase…
What Is Gross Income?
You may have an understanding of gross income as it pertains to an individual, but…
How Should I Evaluate My Year-End Spend?
Your business has had a strong year, and you’ve turned a profit. The end of…
