Online Test Banks
Score higher
See Online Test Banks
Learning anything is easy
Browse Online Courses
Mobile Apps
Learning on the go
Explore Mobile Apps
Dummies Store
Shop for books and more
Start Shopping

Basic Financial Statements for Your Business Plan

Part of the Business Plans For Dummies Cheat Sheet

A large part of your business plan includes your financial statements. Financial statements are formal records of your business’s financial activities; they provide a summary (short and long term) of your financial condition. The four basic financial statements are

  • Income statement: Your bottom line ¯ subtracting costs from revenue to come up with net profit

  • Balance sheet: A financial snapshot that shows what you own, what you owe, and what your company is worth

  • Cash flow statement: A cash monitor that follows the flow of cash in and out of your company

  • Budget: Your financial forecast that indicates where you plan to make and spend money

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus

Business Plans For Dummies Cheat Sheet


Inside Sweepstakes

Win $500. Easy.