If you are making your own financial statements for a small business, it can be hard to determine where you need to report accounts. Inventory is a balance sheet account and it is an asset. It is an ...

Businesses can choose from a variety of methods to account for inventory. Each method affects the cost of goods sold, or COGS, and the cost of ending inventory. One of the methods is called "last in, ...

A balance sheet is a financial document that presents the financial status of a business through an accounting of a company’s assets, liabilities, and equity. A balance sheet, when looked at with a ...

If you’ve ever looked at a balance sheet and immediately wanted to slam your laptop shut, you’re not alone. Most business owners don’t come from accounting backgrounds, and the sheer volume of numbers ...

CPA at Centaur Digital Corp, helping busy business owners decrease the amount of time and energy needed to manage their accounting system. Wiley noticed that his business showed a loss for last year.

Opinions expressed by Entrepreneur contributors are their own. Q: I have just started an online store where I will hold some inventory and want to know how I will be taxed, what tax forms I need to ...

If you're interested in investing, you've probably read quite a few articles that say "do your homework" before buying a stock. Reading and understanding a balance sheet is part of that homework.

Kristina Zucchi is an investment analyst and financial writer with 15+ years of experience managing portfolios and conducting equity research. Costco Wholesale Corp. (COST) enjoyed a $459.7 billion ...

Micron has piled up $12 billion in cash and investments, which will help it weather the current downturn. However, this downturn may be prolonged by the scale of excess inventories across the memory ...