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Your Profit & Loss Statement Explained: How to Read It, Use It, and Finally Know Where Your Money’s Going
Your Profit & Loss Statement isn’t just an accounting report—it’s your business’s monthly health check. In this episode of Zero Fluff Books, we break down the P&L in plain English so you can finally understand what your numbers are really saying.
Lauren (former IRS agent turned bookkeeper) walks you through:
How to read the top line (income) and avoid common recording mistakes
What your expense categories reveal about your habits
Why “net profit” isn’t the same as cash in the bank
Three key questions your P&L should answer every month
Whether you’re an Etsy seller, food vendor, or tradesperson, this episode will help you turn your P&L from a mystery into your most powerful business tool.
Clean books. Less stress. Zero Fluff.
🎙️ Listen now and learn how to stop guessing—and start leading your business with clarity.
View all episodes
By Lauren TwitchellYour Profit & Loss Statement isn’t just an accounting report—it’s your business’s monthly health check. In this episode of Zero Fluff Books, we break down the P&L in plain English so you can finally understand what your numbers are really saying.
Lauren (former IRS agent turned bookkeeper) walks you through:
How to read the top line (income) and avoid common recording mistakes
What your expense categories reveal about your habits
Why “net profit” isn’t the same as cash in the bank
Three key questions your P&L should answer every month
Whether you’re an Etsy seller, food vendor, or tradesperson, this episode will help you turn your P&L from a mystery into your most powerful business tool.
Clean books. Less stress. Zero Fluff.
🎙️ Listen now and learn how to stop guessing—and start leading your business with clarity.