A P&L Is an Output, Not the Work | Books & Backbone

Most business owners assume their financial reports are accurate because they exist. A P&L shows up. They read the bottom line. They accept it.What almost nobody asks — and what almost nobody has ever been told to ask — is whether the work behind it was done correctly.In this solo episode of Books & Backbone, Donna Harris opens September with the concept that runs through the entire month: a P&L is an output, not the work. She explains what the work actually involves — reconciliation, investigation, correct balance-sheet accounting, resolution of discrepancies — and why the P&L produced without that work looks identical to the one produced with it.With Q4 arriving in weeks, the financial picture a business owner is reading right now will drive the decisions they make through December. This episode helps them find out whether that picture is real.Donna Harris, MBA, MAccCEO, Bookkeeping Made Simple LLCmysimplebookkeeping.com | 801-692-0032