Why Profit and Loss Matters for Small Businesses
Aug 5, 2021 ·
17m 10s
There are so many documents you need as a business owner to quantify how your business is doing throughout the year. We’ll start at the profit and loss statement then...
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There are so many documents you need as a business owner to quantify how your business is doing throughout the year. We’ll start at the profit and loss statement then show how this connects to a balance sheet and a cash flow statement. It may sound overwhelming at first but one business owner tells us how measuring her businesses’ profit and loss was the gateway to better managing cash flow for the business as a whole.
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