Why The Income Statement Is Crucial To Your Business

What is an Income Statement and Why Is It Important? income statement The income statement shows a firm's performance over a specific period of time The statement helps financial statement users understand the ขอ statement Your income statement follows a linear path, from top line to bottom line Think of the top line as a “rough draft” of the money you've made—

income statement An income statement documents a business' revenue and expenses Along with a balance sheet, cash flow