Financial statements

Financial statements help you keep your organized and prepped for tax season. Learn more about P&Ls, balance sheets, cash flow statements, and more!

Definition of profit and loss statements

What is a profit and loss statement?

Learn what a profit and loss statement is, why it matters for your business, and how to read one with ease. Understand key terms, examples, and take control of your finances today.

Learn how to read a balance sheet, break down assets and liabilities, & improve your business finances.

What is a balance sheet? Beginner’s guide with examples and tips

Learn how to read one, break down assets and liabilities, and improve your business finances with this easy guide.

The chart of accounts and its role in small business accounting.

Chart of accounts: What it is and how it works

If you’re wondering what a chart of accounts is, and if your business needs it, you’ve come to the right place.

How to calculate retained earnings (formula + examples)

Learn how you can better understand the financial health of your business by calculating retained earnings.

What is an income statement? Everything you need to know

An income statement is one of the most important financial statements for small business owners, so it’s key to understand what an income statement is, what its purpose is, and how to read one.

The cash flow statement: what is it and how is it made?

What is a cash flow statement?: Definition and example

Most small business owners don’t know what goes into a statement of cash flows—or how to read one, for that matter. It’s important to get ahead of the curve and get familiar with cash flow statements, since 30% of small business failures can be traced back to cash flow struggles (yikes!).

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