How to Calculate Net Income (Formula and Examples) - Bench …
What is net income? Net income is the total amount of money your business earned in a period of time, minus all of its business expenses, taxes, and interest. It measures your company’s …
Retained Earnings: Calculation, Formula & Examples - Bench …
If an investor is looking at December’s financial reporting, they’re only seeing December’s net income. But retained earnings provides a longer view of how your business has earned, …
Gross vs Net Income: How They Differ and Why They Matter
Net income is the total amount of money that your company earned in a period less all business expenses. Unlike gross income, which only deducts COGS from revenue, net income tells you …
Understanding an Income Statement (Definition and Examples)
Feb 24, 2024 · Our expert bookkeepers here at Bench have built an income statement template in Excel that you can use to assess the financial health of your business and turn your financial …
Gross Profit vs. Net Profit: Understanding Profitability - Bench …
Calculating your company’s profits shows you how much money your business brings in and helps you compare results from one accounting period to the next. But which types of profit …
Statement of Retained Earnings: A Complete Guide - Bench …
Jan 17, 2020 · The statement of retained earnings is one of four main financial statements, along with the balance sheet, income statement, and statement of cash flows. In smaller companies, …
Understanding Return on Assets (ROA) in Business Finance | Bench …
Net income is easily found at the bottom of your income statement. This is the total amount a business pockets after covering its expenses. Finding your average assets requires looking at …
EBITDA: What it Is and How to Calculate | Bench Accounting
Net income: your bottom line—quite literally, since it’s at the bottom of the income statement. This is the amount your business pockets after all of its operating expenses, taxes paid, and …
Cash Basis Accounting vs. Accrual Accounting | Bench Accounting
Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it’s earned, and expenses when they’re billed …
Cash Flow Statement: Explanation and Example - Bench Accounting
Feb 28, 2024 · The cash flow statement makes adjustments to the information recorded on your income statement, so you see your net cash flow—the precise amount of cash you have on …