Category: Business Financing

As a small business owner, it’s essential that you understand the financial health of your organization. If you’re running the company yourself, you may have to do some of the business accounting yourself. If that’s the case, there are three key financial documents you should be aware of: balance sheet, income statement, and cash flow statement.  Balance Sheet Template Income Statement Template Cash Flow Statement Template 3 essential financial documents for your business These three documents provide critical information about… Read More

A cash flow statement, also sometimes called a statement of cash flows, is one of a handful of financial reports that are essential for running a successful business—and one of the reports that you should be intimately familiar with as a business owner. Where an income statement gives you an idea of your income and expenses and a balance sheet provides a snapshot of your assets, liabilities and owner’s equity, a cash flow statement is focused on your cash and… Read More

An income statement provides an at-a-glance summary that shows whether your business is earning a profit or losing money. Download this free sample template for an example of how to create an income statement of your own. Income Statement Template What Is an Income Statement?  An income statement is commonly referred to as a profit and loss statement, or P&L for short. You might think of it like your business’ financial report card. It’s an important financial statement that shows… Read More

Nowadays, when people think of credit scores, their mind often goes to what they see on America's best friend: television. Even without seeing a single commercial for a free credit monitoring service, most if not all people know that credit scores are important, and something to be watched and taken care of. They are, after all, your lifeline to some of life's biggest milestones like buying a home, paying for college, or getting a bigger boat than your loudmouth neighbor.… Read More

One of the easiest ways to create your own income statement is with a free income statement template. Use this one to get you started with your own personalized balance sheet, one of the most popular financial statements for a business.  Income Statement Template "An income statement shows your bottom line and whether your business is profitable over a period of time" says Jo-Ann Yuen, a Chartered Accountant with 20+ years experience with multinational corporations and start-ups and the VP… Read More

A cash flow statement is an essential financial statement for a business. As its name suggests, it provides a summary of the amount of cash and cash equivalents that come and go in the course of running your business.  Download this cash flow statement example to get started on yours. Cash Flow Statement "A business could be profitable but at the same time have cash flow problems" says Jo-Ann Yuen, Vice President of Finance at Nav. "Depending on how severe… Read More