Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

The amount your business spends on insurance will affect the numbers on your balance sheet, but your balance sheet will not include a specific line or category for insurance expense, or any other ...

If you struggle with money — or you have a specific goal to save money going into the new year — following a budget can help you stay on track. Budget worksheets provide a basic layout for tracking ...

A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...

One type of expense and income spreadsheet, the income statement, enables you to easily calculate the sales figures needed to reach a profit objective. Consider a scenario where you want to net $5,000 ...