A Simple Way to Start Getting Familiar With Your Financials

Trying to comprehend everything that is going on with your financials can be overwhelming.

Especially for those who aren't yet as proficient as they would like with their Profit and Loss Statement (or P&L), it can be frustrating.

In the upcoming months though, with labor costs higher than ever, and an ever increasing likelihood that demand is going to decrease, this is a very dangerous time to be "flying blind" when it comes to really understanding your company's financial health.

So, here is a simple way to start looking at your financials to learn what you need to pay the most attention to in order to gain an understanding of what is happening with your money.

It's a simple framework that helped me wade into the world of accounting without getting overwhelmed.

I hope this helps you too!