Debit Note vs Credit Note – All You Need To Know
Purchase and sale transactions are day-to-day operations between the buyer and the seller. Similarly, returning goods is also a normal business activity. If the… Read Article
Income Statement
Budgeted Income Statement – Meaning, Importance And More
Organizations always rely on comparative performance to understand where they lack and the places where they excel. A Budgeted Income Statement, a type of… Read Article
Net Income
Today let us discuss the Net income metric. As many would agree, revenue growth is vital to the growth of your business. However, a… Read Article
Earnings vs Revenue – Meaning, Importance, and Differences
Often the terms earnings and revenue are used interchangeably, but they are very different from each other. To put it simply, revenue is the… Read Article
Gross Income
Gross income is the total amount of money that an individual earns before any deductions of taxes. For example, an individual receives $3000 as… Read Article
Income Statement
There are four financial statements that are prepared during an accounting year. In this article, we will focus our attention on the Income Statement.… Read Article
Cost of Goods Sold (COGS) – All You Need To Know
Cost of Goods Sold or COGS refers to the cost of producing goods and services. Also known as the cost of services or cost… Read Article
Gross vs Net Income – Importance, Differences And More
Gross vs net income is a topic you must often have come across. Understanding the difference between the two is important for both businesses… Read Article
EBITDARM – Meaning, Importance, and Shortcomings
Meaning of EBITDARMEBITDARM is the full form of Earnings before Interest, Tax, Depreciation, Amortization, Rent, and Management fees. It is a measure of financial… Read Article
EBIT – Meaning, Importance And Calculation
EBIT, or Earnings Before Interest & Tax, is an important measure of a company’s profitability. It measures the profit a company earns from its… Read Article
Three Statement Model
What is a Three Statement Model?A three-statement model is nothing but the income statement – cash flow statement- the organization’s balance sheet. The model,… Read Article