Hey everyone so I have some bad news, the income statement of our company shows a net loss with more expenses than revenue.
Fear not, I have a solution. This coming year be careful of what transactions you decide to do and make it a point to focus on your revenue. Also Sir, as the owner you should put more time and money into your business. That's called Owners Equity. Then slowly things will improve.
Ok we can do that but I have another issue. Our balance sheet has many liabilities because we owe a lot to others and I'm scared of how that will affect our company!
Well I think I can help with this as well. Focus on paying back those liabilities and they will slowly go away. Also your assets are important, enhance those to have balance. Some good things for some bad.
Balance sheet info
Yes! Yes! YES! I'm determined! This next fiscal year will be a great one! We WILL have a Net Income and we WILL succeed with more and more Assets! Thank you sir!
DONT PUSH IT!
Hey your welcome! Also can I get a Raise?! I basically just saved our company!!! AM I right?!