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Guide to Income Statements in Business
https://www.sofi.com/learn/content/income-statements/
An income statement, also known as a profit and loss statement (or P&L), summarizes your company’s financial transactions. It shows you how much you earned and how much you spent for a specific reporting period. An income statement is an important tool for any business owner because it lets you know whether your business made […]
Home Equity Lines of Credit (HELOCs) vs Personal Lines of Credit
https://www.sofi.com/learn/content/personal-line-of-credit-vs-heloc/
If you’re looking for a tool you can use to borrow money when you need it, you may be wondering which is the better choice: a personal line of credit or a home equity line of credit (HELOC). In this guide we’ll compare these two types of credit lines — both of which function similarly […]
Understanding Pro Forma Income Statements
https://www.sofi.com/learn/content/pro-forma-income-statement/
A pro forma income statement is a financial report that projects a company’s future income, expenses, and profitability based on specific assumptions or hypothetical scenarios. Unlike traditional income statements, which reflect historical data, pro forma statements provide a forward-looking view, helping businesses evaluate the potential impact of decisions such as mergers, product launches, or expansion. […]
What Are the Differences Between Gross and Net Income?
https://www.sofi.com/learn/content/gross-income-vs-net-income/
If you’re a salaried employee, the amount of money that you bring home with each paycheck plays an important role in your overall financial picture. While there are several dollar amounts that likely appear on your paycheck, two of the most important are your gross income and your net income. Your gross income represents the […]
Net Operating Income vs EBITDA: Similarities, Differences, and How to Calculate
https://www.sofi.com/learn/content/noi-vs-ebitda/
Net operating income (NOI) and EBITDA (earnings before interest, tax, depreciation, and amortization) are similar metrics used to measure a company’s profitability based on its core business operations. Different industries choose different metrics. NOI is generally used in real estate to evaluate income-producing properties, whereas EBITDA is most often used to measure how efficiently a […]