Posts tagged accounting
Accounting Standards: What are Profit and Loss and Balance Sheet Reports?

We’ve been talking about Accounting Standards in the last few blog posts. In this post my goal is to help demystify two essential financial statements, Profit and Loss and Balance Sheets. I know this may not be the MOST enticing topic, but these concepts should be important to every business owner and entrepreneur out there. I know this post is lengthy but it's **FREE** education you can use to help understand these crucial financial statements. These financial statements are tools you have in your toolbelt as an entrepreneur that you can use to help make sound financial business decisions.

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