Entries by Brendon Parrott

What is a P&L Statement?

A P&L Statement is a whole lot easier to explain and understand than you might think. I remember the first time I heard the term P&L statement from my accountant, I thought of the consumer goods corporation Procter and Gamble. Trying not to embarrass my accountant I pulled them aside and said, “It’s P&G, do […]

‘Twas the Night Before…

‘Twas the week before Christmas, when all through your small business, all the employees were settling down, enjoying the holiday stillness. Your reports are ready and filled out with care, knowing good and well that tax season soon will be here. When out on the floor there arose such a clatter, you spring from your […]