Reading Your Balance Sheet and Income Statement

We get it. Sitting down on a Friday afternoon and staring at a bunch of numbers that just end up merging together isn’t a really great time. The problem is, if you’re wanting to scale & grow your business, you have to understand what all those numbers and accounting phrases mean.

Finances are the most important thing to a growing business and while there are a lot of financial statements that are important today we’re going to focus on two. The balance sheet & the profit and loss/income statement. You can get a ton of info from these two statements so let’s get into it!