Free crisis management resources to weather the current difficult economic circumstances. View Resources

Why Your P&L Is Lying to You… and You Caused it!

It’s time to stop playing games with your numbers. How will you ever know how healthy your business really is if your Profit and Loss statement doesn’t reflect reality? A P&L statement is a valuable tool for measuring your growth, but not if it’s skewed to make tax preparation “easier.” If your P&L doesn’t correctly list owner compensation or match your day-to-day accounting, it’s time to make a change.

Read the full article here.