| A | B |
|---|
| pro forma financial statements | financial statements based on projections |
| start-up costs | one-time-only expenses to start business |
| cash flow statement | how much cash comes in and goes out over a period of time |
| revenue | amount of cash coming in |
| expenses | amount of cash going out |
| operating expenses | expenses incurred every month |
| income statement | financial statement indicating how much money a business earned or lost during a specific period |
| assets | items of value owned by a business |
| liabilities | items that a business owes to others |
| fixed assets | buildings, furniture, computers |
