Financial Statements
Payments
& donations
Taxes &
legal issues
Charity
account help
Income Statement
Presents revenues, expenses, and net income. Revenues represent the company’s earnings from sales or services. Expenses include costs incurred to generate revenues. Net income is the difference between revenues and expenses.
Balance Sheet
Lists assets, liabilities, and equity. Assets are what the company owns. Liabilities are what the company owes. Equity represents the company’s ownership interest.
Statement of Cash Flows
Classifies cash inflows and outflows into operating, investing, and financing activities. Operating activities include cash from core business operations. Investing activities involve cash related to buying and selling assets.
