What Will You Learn?

• Is to help you track the income and spending of your company comparing the two gives you a snapshot of the company's profits or losses, although there are often other factors that determine whether your company is successful. A month showing a loss is understandable if you purchased a large piece of equipment that month, for example. Tracking where the money is coming from and where it's going is imperative in order to create financial statements. This consolidated information can then be evaluated and used to make further decisions such as purchasing, advertising or the need to scale back in a particular area.