Accounts Advice | Profit & Loss
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Profit & Loss reporting is essential information to a business owner, because you need to know how well you are doing (or how badly you are doing)! It’s no good finding out about the performance of your business at the end of the year from your Accountant, because by then – the damage its done! It’s retrospective. You need up to date (daily, weekly, monthly, quarterly) reporting on your profit and loss figures, so that you can take the information and move the business forward in the right direction. If you don’t get the p’n’l figures, in effect, you are running your business ‘blind’ and this is dangerous.
Even if you’ve made a profit – its still helpful to know this, because you can reinvest the proceeds and be making plans with the money. A good bookkeeper will always ensure that you are not operating blind in your business, but that all the information you need is at your fingertips.
Do you need some bookkeeping advice?
A bookkeeper can help you to see if your business is making a profit or a loss – and to improve upon those results. Businesses exist to make a profit.
Contact us today
020 3371 8894
to see how we can help you with your P’n’L.
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FindMeABookkeeper is a trading name of Boogles Franchise Ltd Company No 8749081