How to Read a Financial Statement Part 1 (P and L)

We start our 3-part journey of reading financial statements. 

There is no better place to start than with the mack daddy of the financial statements, the P&L. 

The P&L, also called an income statement shows your company’s revenue, expense, gains, and losses over a given period (e.g. 3 months).

Why it’s important is obvious but listen to this bite-sized episode for a deeper (but simple) look. 

Developing the habit of reviewing your P&L properly each month is crucial for you to reach your potential for impact and financial success.

Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!

Listen and grow!

Your Financial Coach,

Billy

P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here!

P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.