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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 read 101 · Foundations

Cash 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 read