Categories: Accounting
Remember how I said earlier that your profit and loss statement isn’t about money, and that it can’t tell you whether or not you can afford to pay for all your programming? The P&L can only tell you what you’ve done in the past, and it really has no relation whatsoever to your bank account. […]
Categories: Accounting
If you’re just joining us, we’re all sitting at board meeting going over the latest financial statements that were just handed out by the treasurer. We think we’ve got the basic idea of a Profit & Loss statement, that it tells us how much we earned and how much it cost to earn it, but […]
