Please forgive me. But I am needing help. I am running a business for 15 years. And another for going on 3. You would think that I would be good at this by now. How do I have a profit if I’m barely surviving. I don’t have any money left over to pay taxes let alone call it a profit. It’s like I’m struggling. And can’t figure this crap out. -Mr. Overwhelmed
If net profit on p&l not showing up in same amount in bank account can be a number of things:
Sales increasing rapidly so cash flow not caught up.
Someone stealing
Using cash to pay down loans.