A P&L statement (or income statement) is a financial report summarizing your revenues, costs, and expenses over a specific period. It answers two essential questions:
Is your business profitable?
What areas of your business are driving income or draining resources?
By understanding this report, you can identify trends, measure financial health, and make data-driven decisions that align with your business goals.
A P&L statement (or income statement) is a financial report summarizing your revenues, costs, and expenses over a specific period. It answers two essential questions:
Is your business profitable?
What areas of your business are driving income or draining resources?
By understanding this report, you can identify trends, measure financial health, and make data-driven decisions that align with your business goals.
A P&L statement (or income statement) is a financial report summarizing your revenues, costs, and expenses over a specific period. It answers two essential questions:
Is your business profitable?
What areas of your business are driving income or draining resources?
By understanding this report, you can identify trends, measure financial health, and make data-driven decisions that align with your business goals.
A P&L statement (or income statement) is a financial report summarizing your revenues, costs, and expenses over a specific period. It answers two essential questions:
Is your business profitable?
What areas of your business are driving income or draining resources?
By understanding this report, you can identify trends, measure financial health, and make data-driven decisions that align with your business goals.
A P&L statement (or income statement) is a financial report summarizing your revenues, costs, and expenses over a specific period. It answers two essential questions:
Is your business profitable?
What areas of your business are driving income or draining resources?
By understanding this report, you can identify trends, measure financial health, and make data-driven decisions that align with your business goals.
When it comes to pricing your services, understanding the difference between markup and profit margin is essential. Many business owners mistakenly focus on one while neglecting the other, leading to pricing strategies that erode profits and confuse financial planning.
In this post, we’ll help you identify when it’s time to apply for a loan, share common mistakes to avoid, and explain how ClearView’s bookkeeping services can position your business for success. Plus, we’ll break down the 5 C’s of credit to help you stand out to lenders.
For many small business owners, bookkeeping is an area they’re either struggling to handle on their own or feel lost with, despite having someone on board to manage it. If you’ve ever opened your financial reports and felt like you were reading Greek, questioned why your bank balance doesn’t align with your cash flow, or felt uneasy about the accuracy of your numbers, you’re not alone.
Many small businesses depend on deductions to maximize cash flow. Documentation is critical for substantiating these deductions, especially expenses like meals, travel, home office deductions, and vehicle expenses. The IRS scrutinizes these areas, so having receipts and clear records is crucial for passing any audit or inquiry.
When your AP and AR processes are smooth and efficient, your cash flow improves. With a steady cash flow, you’re able to seize opportunities, manage unexpected expenses, and make growth investments. For small businesses in San Antonio, this financial resilience is essential for competing in today’s market.
At ClearView Bookkeeping, we often encounter small business owners who are unsure of the difference between operational bookkeeping and tax filing bookkeeping. Many of our clients come to us with a CPA firm handling their bookkeeping, only to find themselves facing late financial reports, surprise bills for last-minute work, and a lack of actionable insights for running their business. If you’re one of these business owners, it’s time to understand why operational bookkeeping is not just a luxury—it’s essential for the sustainable growth of your business.
As a small business owner, quarterly estimated taxes are essential because your income is no longer subject to automatic withholding. If you expect to owe $1,000 or more in taxes as an individual—or $500 or more as a corporation—you are required to make these payments. Doing so ensures you stay compliant with IRS requirements and avoid underpayment penalties.
