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4: Unsure of How to Communicate Value Some bookkeepers struggle with communicating their value to clients. While bookkeeping clients need those timely and accurate financialreports, small business owners want more. Business owners want to decrease negative emotions and increase positive emotions.
You’ll also need an understanding of how much you’re spending to determine the overall health of your business. A profit and loss (or P&L) statement is a financialreport that shows your total income for a given period of time. That’s where a profit and loss statement comes in. What is a Profit and Loss Statement?
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