Financial statements include the balance sheet ... general and administrative expenses that are necessary to run the business. Examples include office salaries, insurance, advertising, sales ...

There are three main financial statements all publicly ... flowing into and out of the business for items related to its revenue-generating activities. For example, accounts receivable and ...

For a business plan, the income statement should be generated on a monthly basis during the first year, quarterly for the second and annually for the third. An income statement lists financial ...