An income statement tracks income and expenses for a small business. Most small businesses use cash accounting systems, so Excel is a great program to track your income and expenses. The cash basis ...

Here's the skinny on how companies estimate and account for income taxes on their income statements. The provision for income taxes on an income statement is the amount of income taxes a company ...

What Is An Income Statement? An income statement lists a company’s income, expenses, and resulting profits over a specific time frame, usually a quarter or fiscal year. Companies create income ...

Traditional and contribution margin income statements provide a detailed picture of a company's finances for a given period of time. While both serve the purpose of showing whether a company has a net ...

Identify total dividends from the income statement under "Retained Earnings." Divide total dividends by the number of outstanding shares. Use DPS to assess company's profitability and potential ...

A restaurant business is unpredictable, and costs that escalate without warning can make all the difference between making or losing money. Your restaurant may be full regularly, but if your overhead ...

Budgeting or forecasting is extremely important for F&B companies of all sizes. Many companies use top-down or bottom-up approaches, but regardless, it is unacceptable when a company says it can’t do ...