If you are looking to grow your business, scale operations, or address financial challenges, then CFO Services may be the best fit for you. However, bookkeeping services may be the best choice if you only need help managing day-to-day financial operations.

It's also worth noting that many businesses choose to use both CFO Services and Bookkeeping Services. This allows them to benefit from both the high-level strategic guidance of a CFO, as well as the day-to-day operational support of a bookkeeper.

If you are looking to grow your business, scale operations, or address financial challenges, then CFO Services may be the best fit for you. However, bookkeeping services may be the best choice if you only need help managing day-to-day financial operations.

It's also worth noting that many businesses choose to use both CFO Services and Bookkeeping Services. This allows them to benefit from both the high-level strategic guidance of a CFO, as well as the day-to-day operational support of a bookkeeper.

A Profit and Loss (P&L) report – also known as an income statement – is a summary of your business's revenue and expenses during a specific period (usually a quarter or a year). 
While your P&L report provides valuable information about your company's financial picture, there are certain things that it does not provide. In this post, we'll take a closer look at what information is and is not included in a P&L report.

No matter where you are with taxes, when you’re reading this, know what Lighthouse Advisory is cheering you on! If you find yourself curious about getting support to make next year’s taxes run smoother, take action today and schedule your complimentary consultation here. Let us help you reach your business objectives and achieve your full potential (without the tax time hustle).⁠