07/08/2026
๐๐ผ๐ ๐ฑ๐ผ ๐ ๐ฐ๐ผ๐ป๐ฑ๐๐ฐ๐ ๐ฎ ๐บ๐ถ๐ฑ๐๐ฒ๐ฎ๐ฟ ๐ฝ๐ฟ๐ผ๐ณ๐ถ๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐ฟ๐ฒ๐๐ถ๐ฒ๐ ๐ณ๐ผ๐ฟ ๐บ๐ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐?
Start by reconciling your books and generating your year-to-date financial statements. Here are the first two steps you should take this summer:
1. Clean and reconcile your bookkeeping through June. Make sure every transaction is properly categorized, and your bank accounts, credit cards, and loan statements are all reconciled.
2. Pull your two foundational financial statements for the first six months of the year: your Profit and Loss (P&L) Statement and your Balance Sheet.
These reports can show you whether your profit is keeping up with your revenue and where expenses may be squeezing your margins.
