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.
8 articles for “ghana”. 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.
How to agree pay clearly, work out SSNIT correctly, handle PAYE, give proper payslips and keep the records that protect you and your workers.
Sales, purchases, expenses, payroll and statements: the records that back up your tax returns, how to organise them, and why they protect you.
Winning a new customer costs effort. Keeping one is often a matter of remembering them. Simple, respectful ways to bring people back without spamming them.
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.
Sole proprietorship or company? A plain guide to registering with the ORC, your TIN and Ghana Card, the assembly operating permit, and staying registered.
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.
Ready when you are
Create your business, add products, and bring sales, stock, orders, reports, and payouts into one clean workspace.