Simply put, inventory management refers to the act or process of keeping track of or managing the stock in your small business. It is a...

Explore why a business plan is important for your business and how to create one. Learn to better manage the financials of your business...

The balance sheet is an important tool that helps business owners report the financial position of their companies. It is a snapshot of...

An income statement shows the profits or losses of a business over a period of time. Understanding how to create an income statement will...

The more you are able to control and reduce your costs, the higher your potential profit becomes. It is important to identify the types...

Learning about different types of costs and how they affect your company’s bottom line can help you identify if you are spending money...

A cash flow statement tells you where you spent money and from where you received income during a given time period. It helps you to...