Do You Know What a Profit & Loss Statement Is? You Need To!
Guest Blogger, Jessica Reagan Salzman
We live in an age when it's easier than ever to enter data and create a financial report. There's a wealth of information at your fingertips as a small business owner. But as I'm sure you know, understanding what is in those reports isn't as simple as clicking a few options in QuickBooks. Far too many entrepreneurs collect reports, like a profit and loss statement, and aren't sure what they are looking at. In order to put that information to good use, you need to understand the reason and the logic behind those reports.