I ran across an excellent guide from Lloyds TSB about Profit and Loss statements and Balance Sheets. Here’s an excerpt:
The benefits of producing accurate profit & loss accounts and balance sheets
Your profit and loss account (P&L) shows business performance. It measures how much money you have made, and how you made it, over a given period. Typically, [...]
Many business owners ask me about business plans. The thought of doing one is really intimidating for most of them. I always advise that it’s best to keep it simple. I ran across this article at Entrepreneur.com that gives some great tips for doing a simple business plan.
For instance, it’s important to pay attention to the overall [...]
A new year has begun, and many business owners are setting goals for the coming year. A great way to start the goal-setting process is to look back on 2011 goals to see which ones were met, and which ones fell short. That’s where having a great bookkeeper can come in handy. Any good bookkeeper [...]