All tagged P&L

Mastering the Profit & Loss in Bookkeeping

(...) As a business owner it is part of your responsibility to look at this report and know where your business is financially but note that I didn’t say that you have to do it on your own. A good bookkeeper will accomplish all the heavy lifting, so to speak, for the creation of these reports. But that still doesn’t solve the dilemma of understanding what those reports are telling you!

Let’s jump in and begin mastering the Profit & Loss.