Many, Many Many small business Telephone Number List owners DO NOT understand the financial side of their business. Do you feel as an entrepreneur you need to understand the difference between a debit and credit or if you buy something if it should be a capital purchase or an operating expense. So many small business Telephone Number List owners and entrepreneurs run their business using their gut as their guide, they can feel if their business is going good or bad.
Other small business owners Telephone Number List look at their checkbook- if there is money in that things are ok. On the other side you may have a very successful business, you buy several new truck and new equipment Telephone Number List with cash every year, you have very little money in the checkbook and "feel" you have an unsuccessful business. You could be very wrong.
And yes it is also very easy to hire a CPA and or accountant and send all the monthly Telephone Number List records to them, count on them to sort through them and have them generate a report for you to maybe Telephone Number List glance at and file away. Your CPA or accountant is a great place to start the learning process. The more you know, the more effective they can be to you. Your Balance sheet and your Income statement tell your companies story.