Key numbers to focus on in your business now

What are the key reports to focus on in your business? Track performance, take action and prepare your company for surviving or thriving in the new business normal. As a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have changed, customer behaviours have mutated […]

Understanding Your Balance Sheet

Are you confident in understanding the financial snapshot of your balance sheet? To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such […]

The profit and loss and balance sheet reports

Do you know the difference between your P&L and your balance sheet? We can explain exactly what each report means – and how it reflects your current performance as a business. The profit and loss report and the balance sheet are both key reports when it comes to getting in control of your company’s financial […]

Understanding Your Balance Sheet

Are you confident in understanding the financial snapshot of your balance sheet? To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such […]

Understanding Your Profit and Loss Statement

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the profit and loss (P&L) shows transactions over a specific period of time, this […]