Businesses produce revenues through selling their goods and services to interested customers. To acquire the products intended for sale, businesses must either manufacture or purchase them from their ...

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 ...

Economic profit is a powerful tool that cuts through accounting conventions to reveal a business’s genuine value creation. Unlike traditional profit measures that appear on income statements, economic ...

Want to learn how to manage your cash flow and improve profitability at the same time? On this Digging Deeper podcast Shawn Van Dyke, construction industry consultant, not only explains how the two ...

As a business owner, keeping an eye on your bank balance is one of the most essential things you will do. After all, it can determine how much you can spend on new equipment, staff, marketing, and ...