In my 2 minute finance basics series on YouTube, I have been focused on talking about the profit and loss account numbers.
The 3 main numbers are:
Sales (Turnover)
Cost of Sales
Overheads
In this week’s 2 minute finance basics, I will talk about which number is the most important to focus on.
The number that will have the biggest impact on your profit and cash and the reasons why.
It is not your usual accountants view but more the view of someone who has grown his business!
For the video, go to:
www.youtube.com/user/RussellSmithtips
If you would like a topic covered, please feel free to email me at russell@rsaccountancy.co.uk
