Over the last year I have written several Blogs about cash flow, and I always make the point that Net Income at the bottom of a Profit and Loss Statement (P&L) does not mean cash in the bank. All the same, the P&L is an important window in to the health of your business, and the application of several common sense rules can help you use the P&L to great advantage. Three of those rules are: maintain a consistent Chart of Accounts, reco … Read More

via The COO's Bulldog