Looking at your expenses on your P&L is a task that every small business owner should be doing at least once per month. In this video, Hannah dives into a new ways to dive into your expenses and analyze your spending outside of a traditional P&L review.

Understanding your spending can help you identify ways to reduce spending (hence increasing profit), increase investment in important places, and even help streamline your operations.

Also it doesn't have to be hard! With a good accounting system (like QBO, which we recommend), you can pull reports easily so you don't have to spend hours just trying to accumulate this information.

Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! https://claracfo.com/QBO'>https://claracfo.com/QBO

‍♀‍Got Employees? Talk to ADP! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: https://claracfo.com/adprun'>https://claracfo.com/adprun

Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! https://claracfo.com/melio'>https://claracfo.com/melio

(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)

Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

Code: 79HAEI6DQLXORW4A, XE2FBL4XE9ZVS8DE