Your P&L Is Telling You Something. Are You Listening?

MOST RETAILERS LOOK AT their Profit and Loss statement for one reason: to see whether they’ve made money. Think of your Profit and Loss statement as your business report card. If your gross profit percentage is slowly falling, it’s telling you something. Is profit improving because the business is genuinely performing better, or because you’ve simply delayed spending money that will have to be paid later? Your Profit and Loss statement also becomes far more valuable when you compare it with previous years.