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200 · Your Numbers
How to Read a Profit and Loss Statement
Revenue at the top, net income at the bottom, and six lines in between that decide whether you had a good month. Here is what each section is telling you to do about it.
4 min read101 · FoundationsCash vs. Accrual: Which Basis Should Your Business Use?
The same month can show a $30,000 profit or a $4,000 loss depending on which basis you use. Here is what each one measures, and how to pick the one that matches how your business actually works.
3 min read101 · FoundationsBuilding a Chart of Accounts You Can Actually Read
Your chart of accounts is the outline of every report you will ever read. Most are either three lines long or three hundred — here is how to build one sized to the decisions you actually make.
4 min read