Tea Leaves & Financial Statements

Something in Common?

Financial reports contain the most important reading that a business owner looks at on a regular basis. And yet, for many business owners, reading financial statements can seem as helpful as reading tea leaves. Some of the issues that create confusion are the result of the way the reports are created. Look at these scenarios, and see if any sound familiar to you:

  1. An internet sales company showed financial reports with huge profits for three straight months, and then suddenly, huge losses during the next few.