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

Editor’s Note: This post is focused on helping you understand profit and loss statements. This financial statement is used by most small business owners to help assess business profits and losses ...

Mike Anderson says labor gross profit only makes sense when shops understand how employee costs are reflected in their P&L.

A statement of shareholder equity can tell you if your business is doing well or if it's time to fine-tune some of your ...