The Income Statement shows a business’s financial performance over a period of time by summarizing all items of income and expense. For an Owner or Manager, this document helps determine current financial health, predict future opportunities, decide on business strategy and set goals for the management team.

How much profit is appropriate for a business, given the revenue base, scope of operations and capital at risk? Learn the importance of profit quality here.

How much profit is appropriate for a business, given the revenue base, scope of operations and capital at risk? Learn the importance of profit quality here.

Optimizing the use of KPIs requires an understanding of the foundation upon which they are built. Properly utilized, they provide the data that drives business decisions and keeps a focus on what matters most.