Understanding your Profit & Loss (P&L) statement is essential for making informed decisions that directly impact your ecommerce business’s profitability. This workshop will show you how to go beyond the numbers, using your P&L to identify opportunities, manage costs, and drive growth.
Whether you’re planning for the future or navigating daily challenges, knowing how to read and analyze your P&L will give you the insights you need to succeed.
- Break down key financial concepts: Understand revenue, Cost of Goods Sold, gross profit, expenses, and net profit, and see how they apply to your ecommerce business.
- Analyze profitability: Learn to calculate and interpret key ratios like gross margin, net margin, and breakeven point to assess your business’s financial health.
- Compare financial performance: Gain skills to compare monthly, year-over-year, and budgeted P&L statements for a clear view of your business’s performance over time.
- Practical application in QuickBooks Online: Get hands-on guidance on how to perform this analysis within QBO.
- Visualize your data: Discover ways to visualize your P&L data for easier analysis and better decision-making.
This is Part 2 of a 3-part series. To watch the others, click here for Part 1 and here for Part 3.
Your Instructor:
Stephen Brown
Stephen is the COO and co-founder of LedgerGurus. He has an MBA, an engineering degree, and 2 decades of experience in various technology companies before LedgerGurus.
Go Beyond the Numbers
Learn Key Financial Concepts
Understand revenue, COGS, gross profit, expenses, and net profit in your ecommerce business.
Profitability Analysis
Calculate and interpret key ratios to assess your financial health.
Compare Performance
Learn to compare P&L statements over time for better business insights.