Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Julia is a writer in New York and started covering tech and business during the pandemic. She also covers books and the publishing industry. With over a decade of editorial experience, Rob Watts ...

A balance sheet is a type of financial statement that lists a company's assets, liabilities, and shareholders' equity. The assets should be in "balance" and equal the total liabilities and ...

Discover how companies report long-term debt in their financial statements, listed under long-term liabilities on the balance sheet.

Running a successful business requires a lot more than showing up at the office and promoting your products or services. Successful small business owners understand that always knowing where their ...

A balance sheet is a versatile document that offers a snapshot of a company's or individual's finances at a given point in time. Businesses can use balance sheets to develop plans for the future and ...

Income statements, balance sheets and cash flow statements. If you're running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why ...

A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...

When a company’s stakeholders want to know how well it’s performing, they look to its financial statements. A financial statement is a report summarizing the written financial records to show the ...

Some small-business owners, especially first-time entrepreneurs, may not be all that familiar with balance sheets and revenue statements. But you can consider some easy-to-remember tips to clear away ...

Create this important document to show investors the true net worth of your business, and to keep track of your financial trajectory. If the income sheet shows what you’re earning, the balance sheet ...