Profit and loss statements, also called income statements, are a key indicator of your company’s financial well-being. This document should contain a summary of the revenues, expenses, and costs of doing business for a given period, such as a month, quarter, or even a whole fiscal year. But this crucial document won’t do you any good unless you know how to interpret the data — so here’s a quick guide to making sense of your company’s profit and loss statements.

Of all the important measurable metrics, a business can live and die on cash flow as readily as any other. If you don’t have enough liquid capital on hand, you could struggle to pay your bills and your employees on time, which can damage your credit and credibility. But if you are proactive about keeping cash flowing smoothly through your business, you can look forward to things running like a well-oiled machine.

For many kids, their move to college is the first time they’re leaving the nest and the day-to-day influence of their parents. If your child is a college-bound adolescent, you’re most likely equal parts proud and apprehensive about the changes your child is about to experience. While you and your child are prepping college room essentials, potential areas of study, and connecting with roommates, it’s important to review or introduce the following financial lessons before move-in day.

New technology helps make the completion of everyday tasks more convenient and accessible. But, these advancements can also seem daunting to anyone who has difficulty learning or trusting new technology. As the financial industry embraces digitization through online platforms, seniors can’t always follow their traditional methods of managing their finances. A grandparent, elderly friend, or partner may need some assistance navigating the ins and outs of online banking. Here are some pointers on how you can guide them.

Whether you’re a seasoned gym veteran or you’re just beginning your path toward a healthier lifestyle, a personal trainer can help you achieve your goals. Here’s a look at how these fitness experts can help you take your game to the next level.

The weather is warming up and the sun is staying out to play later, and that means it’s time to get together with some of your closest friends and family for a good old-fashioned barbecue. If you’re planning to host a cookout, there are some things you can do to make sure that it’s a smashing success filled with fun, laughter, and of course, delicious food.

Are you among the millions of people who struggle to get adequate and restful sleep each night? Medication is often presented as a solution for sleep issues, but it’s not the only one. Cognitive behavioral therapy for insomnia, also known as CBT-i, can help as well. Here’s a closer look at CBT-i and how it works to promote higher-quality sleep.

The concept of business succession is having a unique moment of public interest thanks to the popular television series. But if you run a business, the need for a succession plan is very real and very important. Taking steps today to put a succession plan into place won’t just prevent drama — it’ll ensure that your business is continually run by people who want it to succeed as much as you do and have the skills to make it happen.

If you’ve considered starting a small business, you’ve almost certainly heard of the U.S. Small Business Administration. The SBA is one of the most useful resources for entrepreneurs and companies on the grow, and it’s been an incredible asset for countless American businesses over the past 80 years.

Social media can be a great way to stay connected with your loved ones — but a few simple mistakes can jeopardize your credit, get you caught up in a scam, or open you up to fraud. Here’s a look at how oversharing on social media can potentially endanger your finances.