Finance

How To Prepare A Profit & Loss Statement (Free Template)

Very few small business owners have an interest in accounting. But as everyone finds out, understanding the basics of accounting can be the difference between the success and failure of your company. There are three particular financial statements that all small business owners should understand: balance sheets, cash flow statements, and profit and loss statements (P&L).You

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Inflation May Force 2 in 3 Small Businesses to Close in 2022

After two years of pandemic-related shutdowns, labor shortages, and supply-chain issues, small business owners have another headache to deal with – inflation. In May 2022, the U.S. inflation rate hit 8.6%, its highest level in 40 years. To find out how this is affecting small businesses, in June, Digital.com surveyed 1,000 owners and co-owners of small businesses with

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