Quicken makes tracking business expenses more effective by using reports to make it possible to quickly view your financial bottom line. The income and expense report creates a graph that shows your ...

The difference between income and expenses is simple: income is the money your business takes in and expenses are what it spends money on. Your net income is generally your revenue, or all the money ...

Income accounts track how money enters the business, while expense accounts show where it is spent. Asset and liability accounts record what the business owns and owes at any time. This structure ...