Your financial statements - P&L, balance sheet, cash flow - are the trifecta of knowing your ecommerce accounting and game. The P&L shows if you’re profitable, the balance sheet lays out your financial position, and cash flow tracks the money’s moves. Together, they’re your GPS for revenue, expenses, and growth. Skip these, and you’re guessing. Study them, and you’re making moves with confidence, dodging cash traps, and building a business that lasts. Get cozy with these reports- they’re your edge.
Read our in-depth article on ecommerce financial statements and their importance to your business.