The Profit & Loss (P&L) is one of the key monthly management reports which tells you how you are doing financially, for a month and for the year to date. It can help you see if you are on track to make a profit for the year, and show you areas to look at inContinue reading “Understanding Accounting & Finance, Part 2 – The Profit & Loss Report.”
Category Archives: Understanding Accounting & Finance Series
Understanding Accounting & Finance, Part 1 – Introduction.
Some industries make use of lots of technical terms, and accounting and finance is one of the main culprits, it’s up there with IT. Whilst you may be able to get away with not understanding a lot of the technical jargon (especially where computers are concerned) when running a business, accounting and finance is anContinue reading “Understanding Accounting & Finance, Part 1 – Introduction.”