Read your profit and loss report in five minutes
Your profit and loss report answers one question: did the business make money? Here is how to read it line by line, and the five questions to ask it every month.
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Plain advice on money, stock, selling, staff, tax and growth, written for owners who run the business from their phone.
12 articles for “staff”. Clear search
Your profit and loss report answers one question: did the business make money? Here is how to read it line by line, and the five questions to ask it every month.
Big plans rarely survive a busy shop floor. Three clear actions a week, planned on Monday and checked on Saturday, can move your business further.
How to agree pay clearly, work out SSNIT correctly, handle PAYE, give proper payslips and keep the records that protect you and your workers.
Sales, purchases, expenses, payroll and statements: the records that back up your tax returns, how to organise them, and why they protect you.
Busy shop, small profit? The problem is often the price. Learn your true cost, the difference between markup and margin, and how to set retail and wholesale prices that pay.
Mobile Money is fast and convenient, and scammers know it. Learn the common tricks, from fake payment texts to wrong transfer stories, and the one check that stops them.
Sole proprietorship or company? A plain guide to registering with the ORC, your TIN and Ghana Card, the assembly operating permit, and staying registered.
Network down, lights out, queue at the counter. A simple plan for keeping accurate records through outages, and how offline sales catch up when the signal returns.
You do not need to close the shop for a full day to know what you have. A short weekly count of the right items catches losses early and keeps your records honest.
Ready when you are
Create your business, add products, and bring sales, stock, orders, reports, and payouts into one clean workspace.