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 ...

To manage proactively, you should plan to generate financial statements ... level of cash flowing into and out of the business. Like the income statement, the cash-flow statement measures ...

Though they both differ in the types of information they show—the income statement reflecting a business's performance via its revenues, expenses, and profits, and the cash flow statement ...

The income statement is a financial document that demonstrates the financial performance of a business based on its income and how this has changed over a period of time, usually 12 months.