When you are putting together your financial statements, you need to look at your account balances to properly place each item on the financials. The accounts are made up of debits and credits. For ...

Learn how to prepare an up-to-date profit and loss statement, balance sheet and statement of cash flows. Many, or all, of the products featured on this page are from our advertising partners who ...

Financial statements generally contain sensitive and important data about your business or personal income and assets. Because of the data's importance, you must follow standard protocol when ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. David ...

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