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Understanding Your Business Financial Statements

Updated: Oct 23, 2023

"Accounting is the language of business." We've all heard, that right? The critical part that most business owners miss is how to speak the language. I always let my clients and prospects know that you don't have to know how to create the reports, but you do need to understand them. Reading financial statements isn't as easy as picking up the latest best seller and breezing through it. There are certain things that you need to know to better understand your business. Here are the top four things that I recommend business owners understand when looking at their financial statements.

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