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James ran a plumbing supply business in Western Sydney. Revenue was $2.9 million. The P&L looked fine, margins were holding, overheads were steady, and he’d just landed his biggest wholesale

If you’re like most small business owners, your Profit and Loss statement (also called an income statement or P&L) sits in your accounting software, largely ignored until your accountant asks

As a small business owner, you’re busy running your company, but you also need to keep an eye on your finances. Financial statements might sound complex, but they’re crucial for