{"id":1719,"date":"2022-07-18T19:45:26","date_gmt":"2022-07-18T17:45:26","guid":{"rendered":"https:\/\/www.bditalianaaccessori.com\/?p=1719"},"modified":"2024-11-14T14:29:49","modified_gmt":"2024-11-14T13:29:49","slug":"income-statement-how-to-read-and-use-it","status":"publish","type":"post","link":"https:\/\/www.bditalianaaccessori.com\/?p=1719","title":{"rendered":"Income Statement: How to Read and Use It"},"content":{"rendered":"

\"the<\/p>\n

So if you spend a large amount of money on an essential piece of equipment, and you\u2019re depreciating part of its value every accounting period, it will increase your COGS. You don\u2019t need fancy accounting software or an accounting degree to create an income statement. 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 information into an income statement. Learn how to build, read, and use financial statements for your business so you can make more informed decisions. Administration expenses are the operating expenses that are not directly related to the sale that the company makes, including non-sales staff\u2019s salaries, rent, utilities, office supplies, and depreciation expenses.<\/p>\n<\/p>\n

Ask Any Financial Question<\/h2>\n<\/p>\n