What’s the difference between profit and cash flow? Why does your equity matter? Mark J. Kohler breaks down core accounting terms every business owner needs to understand to stay financially healthy and make informed decisions.
This episode covers the essentials: balance sheet basics, how to interpret a profit and loss statement, and why managing cost of goods sold can make or break your margins.
If you’re looking to improve your financial performance and build a more efficient tax strategy, this episode is your crash course in smart business finances.
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To learn more about becoming a Main Street Tax Pro, head to: https://markjkohler.com/certification/?utm_source=YouTube&utm_medium=description&utm_campaign=Top_10_Accounting_Terms_Every_Business_Owner_Should_Know
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