Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

If you struggle with money — or you have a specific goal to save money going into the new year — following a budget can help ...

One type of expense and income spreadsheet, the income statement, enables you to easily calculate the sales figures needed to reach a profit objective. Consider a scenario where you want to net $5,000 ...

A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...

To stay in business, your company needs to earn more than it spends, at least over the long term. A net income formula tells you whether you are earning or losing money. However, this equation only ...