Financial statements consist of accounting information required to forecast the outcome of past and present financial events. As a result, investors rely on the statements to assess the amounts, ...

As a small business owner you want to project your best professional image. This includes your financial statements. A negative number in an expense account -- indicating income rather than expense -- ...

An expense account sounds simple enough, but it actually means two different things in business. First, it's the process that lets employees pay for work expenses and get reimbursed by their company.