Tag: P&L

Income Statement

See Also: Compound Annual Growth Rate (CAGR) Financial Reporting Financial Ratios Balance Sheet Standard Chart of Accounts Common Size Financial Statement Balancing the Balance Sheet Income Statement Definition The income statement definition is a financial statement that shows a company’s revenues and expenses over a period of time. Furthermore, it reports a company’s financial performance

Read More

COGS and the Balance Sheets – Services Based Business

COGS and the Balance Sheets for a Service Based Business If you are running a business with inventory, it’s easy to understand the G in COGS (Cost of Goods Sold). But if your Goods are employee time, how do you note your goods in the P&Ls? How do you list the time on your balance

Read More