What the heck do these numbers mean!!!

It's not easy to understand a set of accounts...that's what accountants are for, right?! Well, yes, but as a business owner, it really does help you build a better business when you have a good understanding of the basics. So, in this episode we talk you through your income statement or if you are old school Profit and Loss account.What’s turnover? What’s GP?Listen and find out.This episode of The Ledger Lounge is hosted by Matthew Taylor, Katie Allen and Lauren Thompson from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠James Scott Accountants⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠in Oldham, Greater Manchester. It is recorded at and produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠KUPOD Productions⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for ⁠⁠⁠Become Content⁠⁠⁠ in Oldham. The Ledger Lounge – Friendly DisclaimerEverything we chat about on The Ledger Lounge (and in these show notes!) is meant to be helpful, interesting, and easy to understand — but it’s not personal tax, accounting, financial, or legal advice. Everyone’s situation is different, so always speak to a qualified professional before making decisions based on anything you hear in the show.We do our best to keep things accurate and up to date, but rules and regulations can change. The views shared by our hosts and guests are just their own, so please don’t take them as official advice from any organisations we’re connected to. Basically: enjoy the conversation, learn something new, but don’t make big decisions without proper guidance!