profit

Which is more important? Cashflow or profit?

Which is more important? Cashflow or profit?

By Theresa Allery|2023-07-17T14:00:03+10:00July 17th, 2023|Accountant Life, Business, Companies|

Which is more important? Cashflow or profit? Cashflow and profit are two of the most important financial metrics for any business. But while they’re both related to the financial performance of a company, they measure different things. Knowing the difference – and how cash and profit contribute to your success story – is a

Understanding your Profit and Loss Statement

Understanding your Profit and Loss Statement

By Theresa Allery|2023-07-03T16:21:57+10:00July 3rd, 2023|Accountant Life, Business, Companies|

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period of time. This can be