A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to ...

Executives at both public and private companies commonly receive performance-based incentives. The objective is to link compensation closely to a firm's financial results. These performance-based ...

Many accounting firms run up against the dreaded profit plateau for a simple reason: The owner is too involved. All CPA firms start small, and that ultimately means the business — especially in its ...

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...

Accounting firms are reporting bigger profits and more clients, according to a new report. The report, released Monday by Xero, found that nearly three-quarters (73%) of firms reported increased ...