An expense report is an overview that occurs during a specific period of time or a specific job or task. Expense reports can be very extensive, sometimes covering entire departments in the enterprise, or the reports can be personalized and only apply to one employee and one task. In most cases, expense reports are used …
Account Receivable Aging report is a periodic report that identifies the company’s receivables according to the duration of time the invoices have been unpaid. Account receivable aging is a vital management tool and analytical tool that helps determine corporate customers’ financial health and, therefore, their business’s health. Suppose the accounts receivable aging indicates that the …
It is often impossible to fully understand a business’s financial health through financial reports. In other words, using only a balance sheet or proof of income will only give you a partial picture of the company’s health. On the other hand, combining these two statements can give you a better perspective and understanding. But more …
Sample Balance Sheet and Income Statement for Small Business Read More »