What is a Cash Flow Statement?

What is a Cash Flow Statement?

Essentially a cash flow statement is used to see exactly how money is moving in and out of a business. This, in tandem with an income statement and balance sheet, comprises the three key financial statements that a company will need to generate to keep tabs on the...
Understanding Cost of Goods Sold

Understanding Cost of Goods Sold

For businesses that sell actual products, you need to understand how to calculate the cost of goods sold. Essentially, this number involves everything and anything that is spent to sell your products. Depending on the nature of your products (meaning, if they are...