The difference between an income statement and a profit and loss statement is in name only. Both of these terms refer to a report that shows the overall sales, expenses and net income. How does understanding this type of statement help business owners understand their financial health? The income statement is one of the easier […]
Monthly bookkeeping gives a great advantage to small businesses. According to Milena from “Balancing Everything”, 21% of small business owners admit to not knowing enough about bookkeeping. For SMB owners who need up to date financial information about their company, this service can ease the burden of receipts and record keeping from the owner. Insightful […]