Of course, you know the answer! You buy raw materials, you pay your staff, rent and utilities and you sell what you make. But if you’re only looking at those few numbers, you are not able to make the changes you need to make your business more profitable.
Your income statement is the summary, the outline of how your company performs. But if you’re not digging deeper, you’re missing things that will dramatically change your bottom line. It is the subsidiary reports that really tell the story. Here are 5 things that you should be looking at that will make a difference.
The devil is in the details. Looking at the overall numbers may make you feel good or bad. But what you need is information that you can act on. When you know how your company makes a profit, you’re in control of operations and can improve your bottom line.
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