Both involve a company’s finances, but their differences are significant Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Gordon ...

Balance sheets and income statements are the two most important financial reports business managers need to run their company efficiently. These statements allow management to measure performance and ...

Both profit and cash flow are critical for the long-term viability of a business. Over the long run, profitable firms tend to have positive cash flow and accumulate a significant amount of cash. There ...