4 numbers that will help you see your business’s future While understanding the past is undoubtedly important, when you’re running a business, you need tools that allow you to make smart decisions about the future. Profit-and-loss reports, balance sheets, and so on record what has already happened. In part, that’s because bookkeeping and accounting functions tend to focus on the past. (And, if you’re like me, easy to put off until another day.) While booking sales and revenue can be fun, logging expenses, calculating depreciation, creating reports, preparing for tax season… that all seems tedious at best. If you’re like many small business owners, that probably sounds great.
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