The income statement provides significant information about the financial and operational health of a business. It provides details about revenue, expenses and profits and the margins associated with ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

A business uses pro-forma, or projected, financial statements when developing a financial plan. A pro-forma financial statement uses the same format as a current balance sheet, income statement or ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Opinions expressed by Entrepreneur contributors are their own. Well-crafted financial projections are a crucial component to any business plan. They will help you make informed decisions about your ...

A business bank statement tracks transactions, balances, and cash flow. Learn key components and tips for better financial management. A business bank statement is an official financial document ...