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What is an income statement?

The income statement is a financial statement that reports on company revenue, expenses, and net income as of a specific time period, such as a month or year. The income statement is directly connected to the balance sheet, […]

How contractors can improve their profits

Underpricing your product or service can be dangerous to your bottom line. Nellie Akalp, entrepreneur and founder of CorpNet.com, explains that: “Even though you might land the sale, underpricing your products and services comes at a cost. […]

Bookkeeping basics for your small business

Balanced books may not be sexy, but they provide small business owners with the grounding they need to make smart forecasting decisions about expanding their business, making large purchases, or hiring new employees. While the language of accounting […]

The ultimate guide to choosing a point-of-sale system

For retail boutiques, restaurants and bars, a point-­of-­sale (POS) system serves as an essential part of doing business. Not only does it process transactions, but it also offers an opportunity to provide efficient customer service. Whether a shopper is returning an unwanted […]