Tag Archives: Expenses

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Last week I reviewed the workings of a balance sheet and showed you how you can use it to make better decisions for your business. This week, I would like to do a similar post about profit and loss statements. This will bring this series on charts of accounts and associated reports to a close.

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This is part 2 of a two-part blog which will give you an in-depth explanation about the working parts of a chart of accounts. Revisiting, from part 1 of this blog, the chart of accounts is simply a list of all of the account types you might use when recording your business income and expenditure […]

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