Understanding Your Business’s P&L

Posted on September 10, 2024 by Mike McCormick

Understanding Your Business’s P&L Why It’s Crucial to Grasp Profitability In the world of business, few documents are as fundamental to the success of a company as the Profit and Loss Statement (P&L), also known as the Income Statement. It provides a snapshot of your business’s financial health, tracking revenues, costs, and profits over a […]

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Do I Need a Bookkeeper? The Answer Is “Yes”

Posted on August 28, 2024 by Mike McCormick

If you’re wondering, “Do I need a bookkeeper?”—let’s explore the signs that indicate it might be time to bring one on board. Many business owners start out handling their accounting themselves. It’s common to take on every task when your business is just getting off the ground. However, to thrive and grow, delegating responsibilities—especially those […]