Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Marshall Hargrave is a stock analyst and writer with 10+ years of experience covering stocks and markets, as well as analyzing and valuing companies. Gordon Scott has been an active investor and ...

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to ...

Businesses earn revenue through running their operations but must spend on expenses in order to start up those operations and keep them running. The word "income" has a special meaning in business, ...

A company figures its profit or loss over time by subtracting expenses from revenue. For tax purposes, the relevant time period is the tax year or other fiscal year approved by the Internal Revenue ...

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...