The 2020 Pool and Spa Show

How Much Money Did I Make? How to Better Understand and Use Your Income Statement (Room 309)

Numbers are your “scorecard” which record your performance and are summarized in your Income Statement.  Your Income Statement reveals the profits and losses of your business. So, is your Income Statement arranged in a way that matches your business? Are you able to gather, review and make wise decisions from your numbers? It takes practice to understand and effectively use an Income Statement to evaluate your organization's performance. Organizing this in a valuable way ensures accurate gathering/recording of numbers to obtain important information for what works and does not work in your business. From this, you can make better educated business decisions.