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LinkIT is a software house that serves leading businesses, government and non-governmental organizations in Egypt and the Middle East Region.We help our clients to revamp their performance, improve their services and productivity and widening their market presence.

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Cost of goods sold

Cost of goods sold

Cost of goods sold is one of the most significant expenses of both merchandising and manufacturing companies. Cost of goods sold is deducted from company sales to calculate gross profit. COGS calculations differ according to company activities, where calculations for…

Income statement

Income statement

  Companies have a great incentive to provide timely reliable financial information to help decision makers in rationalizing their decisions. To provide reasonable comparable financial information, companies should prepare four financial statements; one of them is income statement. income statement…

Revenue and Expense

Revenue and Expense

Companies have a great incentive to maximize their profits, and boost their earnings. To do that, they should generate more revenues and lower their expenditures. In this article we will spot the light on all matters related to revenues and…

What is a Balance Sheet?

What is a Balance Sheet?

A Balance Sheet is a financial statement that shows the company’s financial position at a specific point of time. It shows what a company owns, how much it owes as well as the amount invested by the shareholders.  The Balance…

p&l profit and loss statement

p&l profit and loss statement

The income statement or profit and loss account is one of the most important financial reports in the organization. It shows the company’s net profit or net loss. Unlike the balance sheet which is prepared on a particular day, the…