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Why You Can’t Understand Your Accountant: Part 1
Your accountant just asked, “Have you looked at your P&L lately?” And you’re sitting there wondering if that’s the same thing as your profit & loss statement. Or your income statement. Or… are those different things?
So, we asked our accounting team to list every word they use that clients probably don't understand. They sent back 30+ terms.
This episode is Part 1 of us breaking down that list. Starting with the basics:
Net income
Gross profit margin
What a P&L actually is
Why EBITDA has five letters
And how tax brackets really work
Subscribe for Part 2 where we’ll keep going down the list of…
The skinny
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