The small business market is booming, and business owners and financial analysts are looking for an edge over everyone else. Here's a comprehensive guide to running a business using Excel's powerful financial capabilities. You'll learn how to do income statements, balance the books, optimize cash flow, budget, forecast, and more! Professional advice from an experienced author provide answers to your most pressing questions: What's the relationship between my cost of goods sold and my inventory? How do I get Excel to keep these values up-to-date on my income statement and balance sheet? I have to track service quality over time. How can I do that using Excel charts? How can I forecast future demand for my products, based on prior sales results? What's the difference between financial and operating leverage? How do I calculate them using my financial records? I need to project my financials for next year. Does Excel have a tool for that? What do I need to know to use it effectively?