Accounting Terms Explained

Accounting Terms Explained

Feb 21, 2018 | Information

Accounting Terms Explained – as accountants, we are often guilty of using a lot of terminologies which makes very little sense to a lot of people. Many clients have expressed a need for a simple guide to accounting terminology so hopefully this will help....
What is a profit and loss account?

What is a profit and loss account?

Feb 18, 2018 | FAQ, Profit and Loss

Ok, your accountant has just sent you your profit and loss for the year, but what is a profit and loss account and what do the figures actually mean? Simply put, a profit and loss account statement details how much money your business has made or lost over a period of...