Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Consolidated financial statements combine a parent company's information with one or more subsidiary companies to produce one master document. Investors, lenders or regulatory agencies often require a ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

More than just paperwork, audited financial reports show that the numbers for your business add up. Knowing what goes into an ...

Learn why cash flow statements are essential for business survival, how they track liquidity and solvency, and key strategies ...

Business owners often use accounting to measure their company's financial performance. Accounting is responsible for recording and reporting a company's financial transactions. While business owners ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Timothy Li is a consultant, accountant, and finance manager ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Andy Smith is a Certified Financial Planner ...

These aren’t just documents for your accountant. They’re tools every founder can use to make better decisions, avoid surprises, and stay in control of their business.

The financial documents, used to secure lucrative loans and burnish Trump's image as a wealthy businessman, “should no longer be relied upon," the accounting firm said. File photo: Former President ...