David Gorton, CPA, has 5+ years of professional experience in accounting. He teaches accounting, helping promote financial education and awareness. Ebony Howard is a certified public accountant and a ...

When you need to clearly and succinctly explain an idea for a business, product, design or program – or for anything else that doesn't yet exist – then you need a concept statement. A concept ...

How often do you read the profit and loss statement for your business? Or are you even looking at it? It’s not uncommon for small business owners to overlook the wealth of information a P&L statement ...

You can seal a deal with a handshake, but most businesses prefer something in writing. Statements and invoices both track unpaid debts for goods or services but they do it in different ways. When you ...

The annual statement can help you estimate your future financial condition, but it makes a bunch of assumptions.

Every month, your bank prepares a document for you showing all of of your transactions for the past month. This is called a bank statement. It’s important to review your bank statement regularly – in ...

The statement balance tells you how much you owe after a single billing cycle. For a more up-to-date account of your credit card debt, check the current balance. Every month, you get an account ...

A small business income statement helps the business see whether it’s operating at a profit or a loss You can use a single-step or multi-step income statement formula, with single-step formulas ...

When you reach a certain age and retire – or if you're disabled and can’t work – you are entitled to cash distributions from the Social Security Administration. These benefits become available to you ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

With more than 15 years of experience crafting content about all aspects of personal finance, Michael Benninger knows how to identify smart moves for your money. His work has been published by Intuit, ...