How much is your franchise actually worth? Income Statement The income statement shows you your bottom line, which is your revenue minus expenses—profit— during a specific period. It’s a great way to see the impact of certain cost
Using a balance sheet to get the big picture. The balance sheets pull together three things: what your business owns what it owes and what’s left after liabilities
Looking at both your income statement and balance sheet is super important. It can show you red flags, like the fact that perhaps your liabilities are higher than your assets.
UNDERSTAND THE TRUE VALUE OF YOUR BUSINESS Start with your books. Keep your financials current and accurate. To investors or potential buyers, how you keep your books is a sign of how the business is valued.
THINK BIG! Read more at thebookkeepersrus.com
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