Advanced Accounting Group
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Advanced Accounting Groups' mission is to provide accurate, experienced, and quality accounting services to individuals and small businesses in the Windsor-Essex area. We understand the problems that face small business and work with our clients to resolve, prevent, and prepare for any issues that may arise. We build deep, honest relationships with our clients to form a long lasting business partn
This expense shows up on your Profit and Loss Statement, but is very much misunderstood. Kind of like assembling IKEA furniture without the instructions.
Depreciation Expense
In this video, I explain what depreciation actually is, why it exists, and how it reduces your profit without reducing your cash.
If you’ve ever looked at your numbers and thought, “That doesn’t make sense,” this is probably why.
If accounting has ever felt confusing, you’re not alone.
Most business owners look at their Profit and Loss Statement and only check one number, “Gross Sales”.
But that number is meaningless on its own.
In this video, I break down the five parts of a P&L that tell you the real story of your business.
1. Gross Sales
2. COGS
3. Gross Profit
4. Operating Expenses
5. Net Income
When you understand these five numbers, you stop guessing and start leading.
Better decisions. Better clarity. Better business.
If you want to feel in control of your finances instead of overwhelmed by them, this video is for you.
12/26/2023
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Address
818 Ottawa Street
Windsor, ON
N8X2C6
Opening Hours
| Monday | 9am - 5pm |
| Tuesday | 9am - 5pm |
| Wednesday | 9am - 5pm |
| Thursday | 9am - 5pm |
| Friday | 9am - 5pm |
