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if you follow profit first then youll know that when youre doing your instant assessment there is an aspect where it says what is your real Revenue well they subtract out your inventory and they subtract out your subcontractors to tell you what your real revenue is hi everyone it is Tina with picture at personal finance where I help small business owners coaches and solopreneurs get their money life in order in their business and at home today I want to talk about understanding what is going on with the income statement also known as the profit and loss statement I have had many clients come to me both for coaching and for bookkeeping and advisory services and I have come to realize that no ones really ever talked them through their financial statements they dont understand what these reports are telling them and therefore they cant glean any meaningful information off of them so first and foremost you really ought to create some kind of a bookkeeping system and ultimately what yo
