The Month of April Round Up!

Photo by Olya Kobruseva from Pexels

This month was all about the Benjamin’s so to speak. Specifically, I shared information about the three primary financial statements: the Balance Sheet, The P&L, and The Statement of Cash Flows. I explained what each statement means and why you should care. As a business owner, it is important to know what you own, owe and what the equity is in your business. Additionally, the P&L can help you to understand what you sold, what you spent, and if you made money. Finally, the statement of cash flows can help you get a 360 view of where the cash traveled within your business. The key to business success is using financial statements to help you to run your business better and make sound business decisions.

Keep IT Sunny!