Profit and Loss statements reveal more than the bottom line
- Wednesday, 25 May 2016
- Accounting/Banking/Credit
Adam Knolls, a CPA and Realtor in Columbus, calls it a “script for disaster” when a small business owner looks only at cash values relating to their company rather than reviewing an entire Profit and Loss statement. Doing so “does not give an accurate picture” of the financial status of a company, he warns.
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