Understanding cash flow is vital for any business. In this guide, KLV Accounting shows you step-by-step how to prepare a Cash Flow Statement using your Income Statement and Balance Sheet. Learn how to connect these core financial reports, see where your money really goes, and make smarter business decisions—no accounting background required.

Learn how Present Value (PV) and Net Present Value (NPV) can guide better financial decisions for your business. This blog breaks down the formulas, examples, and real applications in Balance Sheets and Income Statements—helping you evaluate investments, leases, and projects with confidence.

Not all liabilities are obvious. From deferred revenues to bad debt, learn how lesser-known liabilities impact your balance sheet and business strategy.

The Cash Flow Statement reveals how money moves in and out of your business. Learn what it is, why it matters, and how to use it to make smart financial decisions.

How do the Income Statement and Balance Sheet work together to reflect your business's financial health? This post explains their relationship, major differences, and how understanding both can help you make smarter decisions for long-term success.

Understanding business expenses is critical for accurate financial reporting and profitability. This blog explains the two major types of income statement expenses—direct (COGS) and indirect—and how they affect your bottom line. Learn how tracking these costs can improve your financial decision-making.

Understanding revenue is the first step to mastering the income statement. In this post, we explore what revenue is, the difference between operating income and other income streams, and how these insights can help you make informed financial decisions for your business.

New series: Explore balance sheets, income statements, and cash flow. Learn how they work together with strong internal controls.