Tips For Creating A Comprehensive Income Statement For Your Business

Understanding exactly what your company has generated in revenue is essential to gauging business performance and determining your profitability. An income statement is a good place to start for this, because it consolidates your revenue and expenses into a clear, easy-to-understand report. The income statement is a vital part of any proposal to investors or lenders. If you've never created one before, it's in your best interest to work with an accountant or an accounting service provider. Read More