We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. One of the most important ways business owners can keep track of their finances ...

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 ...

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

Forbes contributors publish independent expert analyses and insights. Melissa Houston covers financial issues that affect women in business. How often do you read the profit and loss statement for ...

Accumulate all expense and revenue records throughout the month and turn them into a profit-and-loss statement, also called a financial statement or a statement of earnings. Gather carrier settlement ...

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

Self-employed or have non-traditional income? A business profit and loss statement can provide a clearer snapshot of your financial health – and with the right lender, a pathway to securing a home ...