Cash Flow Statements are one of three key financial statements entrepreneurs need to review on a regular basis. Reviewing these statements help entrepreneurs to understand the health of their business. The statement measures how well a...

The Balance Sheet, in its simplest terms, is a snapshot showing what a company owns and what a company owes during a specific period of time. It captures the assets and liabilities of a company and allows creditors to quickly know what...

A Profit & Loss (P&L) Statement is also known as an Income Statement. It shows you how much money came in and went out in a certain period of time. Comparing those numbers shows you what your net income is, hence the term...

Financial Statements are key to understanding the financial health of your business. As an executive, I reviewed financial statements and managed budgets but I did it from a non-financial manager perspective, watching revenue numbers...