Do your eyes get droopy when you hear terms like P&L? What is a P&L anyway and why do accountants and bookkeepers get excited when they have one in their hands?
It’s simple – a P&L is how your business talks to you. It’s a simple, easy, usually one-page document that quickly shows you where you’re earning (and spending) your money. P&L stands for Profit and Loss, and while it can seem daunting when you first see one, once you get it, you’ll be really good at understanding it.
Join us for this quick overview of your happy-go-lucky P&L statement and see how your business is talking to you.