Profit and Loss

I know you're probably feeling a bit overwhelmed when it comes to understanding your business finances. You're not alone: most small business owners and contractors I work with feel the same way when they first hear about "financial reports" and "monthly statements." Here's the thing: you don't need to be a CPA to understand the basics of what's happening in your business. There are really just three main financial reports that matter, and once you understand what each one tells you, you'll have so much more control over your business decisions. Let me walk you through these three reports[...]