One of the biggest expense categories for most small businesses is employee wages. In fact, salary expenses can take up to 50% of your total budget. Taxation expense includes any income tax, capital gains tax, and property tax due on the taxable assets and transactions of a business. Usually, the cost of hiring external professionals

These statements are then comprehensively combined by the parent company to final consolidated reports of the balance sheet, income statement, and cash flow statement. Because the parent company and its subsidiaries form one economic entity, investors, regulators, and customers find consolidated financial statements helpful in gauging the overall position of the entire entity. The consolidation

Margins are metrics that assess a company’s efficiency in converting sales to profits. Different types of margins, including operating margin and net profit margin, focus on separate stages and aspects of the business. Gross margin gives insight into a company’s ability to efficiently control its production costs, which should help the company to produce higher