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The Magic Number

  • Writer: Trusha Desai
    Trusha Desai
  • Oct 26, 2018
  • 1 min read

As a small business owner, it is important to study our business financial statement package on an ongoing basis: it could be monthly (preferably) or quarterly. The annual audited statements that are provided by the accountant are extremely important, but if we wait for an entire year before analyzing our cash flow, budgetary variance and profit, it might be too late to prevent a ship from floundering.

The financial statement package consists of two important documents: the balance sheet and the income statement. There is one magic number that is the same on both statements. And that is, profit.

Please contact me #TrushaDesai.com for discussion of your financial statements.

 
 
 

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Trusha Desai Innovation Management Inc.

Trusha Desai aka Trusha Pandit (La femme, શ્રીમતી) 

Founder & CEO

BSMT-7436 Sherbrooke Street, (Unit Basement)

No walk-ins: Please do not disturb neighbours

Vancouver, British Columbia, V5X 4E4 Canada

 

© Trusha Desai Innovation Management Inc. 2024

We live and work on the unceded territory of the xʷməθkʷəy̓əm (Musqueam), Skwxwú7mesh Úxwumixw (Squamish), Tsleil-Waututh Nations, and elsewhere

Trusha Desai is a Certified Professional Bookkeeper
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