Read your profit and loss report in five minutes
Your profit and loss report answers one question: did the business make money? Here is how to read it line by line, and the five questions to ask it every month.
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Plain advice on money, stock, selling, staff, tax and growth, written for owners who run the business from their phone.
6 articles for “expenses”. Clear search
Your profit and loss report answers one question: did the business make money? Here is how to read it line by line, and the five questions to ask it every month.
What lenders ask for, how to get your records and statements ready, and how to choose a loan size your business can actually repay.
Sales, purchases, expenses, payroll and statements: the records that back up your tax returns, how to organise them, and why they protect you.
When the shop drawer is also your household purse, you never really know if the business is making money. Here is a simple way to separate the two and pay yourself properly.
You do not need to be an accountant to keep good books. Keep these five records well and you will always know if your shop is really making money.
A simple first-day checklist: sign in with your phone number, set up your business, make your first sale and receipt, then see the numbers on your dashboard.
Ready when you are
Create your business, add products, and bring sales, stock, orders, reports, and payouts into one clean workspace.