Your profit and loss is giving you the detail of how is your business performing? Takeaways ✅ Having a Profit and Loss (P&L) report is crucial for understanding your business's performance. ✅ The P&L helps you make data-driven decisions and identify areas where you can cut costs. ✅ Focusing on profitable services and planning for future growth becomes easier with a clear understanding of your P&L. ✅ Implementing profit first and having multiple bank accounts can help allocate funds purposefully. #homeservicebusiness #bookkeeping #bookkeepingservice #moneymanagement #hvac #bookkeepingbasics #profitandloss #businesssuccess #businessgrowth