Most people know and have used Microsoft Excel to some extent, whether that be keeping track of a daily itinerary or creating a calendar for meal planning. There are so many well-known and also ...

Companies prepare an income summary and an income statement at the end of an accounting period. While an income summary is a clearing account used to close income-statement accounts at the end of a ...

Ending your fiscal year with a net loss can be tough to deal with. The accounting, though, isn't any more complicated than ending on a net gain. The process of creating and then closing an Income ...