Most small business people would agree that their Profit and Loss report is among the easier – if not the easiest – financial document to understand. I mean we all want to make a profit, but if we don’t the report can still be useful. It’s typically presented in three parts. The top half of the statement reveals the various income streams of the business for the period covered, such… Read more
Calling all business owners, entrepreneurs, solopreneurs, mumpreneurs, dadpreneurs – or any other fancy titles that are out there at the moment – the sooner you realise that profit is not the same as cash – the sooner you will start to plan for a fabulous financial future. You see here is the thing – I speak to business owners all the time who simply get frustrated (*insert swear words here… Read more
The Balance Sheet is not a scary report. Make it your friend, and it will give you great cash flow insight into your business. Who wouldn’t want that?