Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

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 ...

Being retired doesn't mean taking a break from money management Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books.

Income tax expense is a critical component of a company’s financial statements, reflecting the taxes a business owes based on its taxable income for a specific period. It represents the total amount ...

Christiana Jolaoso-Oloyede writes for media publications, B2B brands and nonprofits. Using her research, analytical and writing skills from her training as a lawyer, she focuses on garnering accurate ...

To pull detailed information for the Statement of Income and Expense worksheet, please run the Cognos Report Statement of Financial Activity. To determine the recharge center account balance and ...

An income statement presents the results of a company’s operations for a given period—a quarter, a year, etc. The income statement presents a summary of the revenues, gains, expenses, losses, and net ...

Companies record both income tax expense and income tax payable in journal entries. For companies that use the cash basis for both financial and tax reporting, income tax expense equals income tax ...

Tax deductible expenses are almost any “ordinary, necessary, and reasonable” expenses that help to earn business income. Deductible expenses are those that can be subtracted from a company’s income ...