14/10/2026
‘My Profit & Loss says I made a good profit. So, where’s the money?’
It’s a question many business owners ask.
The answer is that profit and cash flow aren’t the same thing.
You might have used cash to buy a vehicle, machinery, computers or other business assets. That purchase may sit on your Balance Sheet rather than appearing as a full expense on your Profit & Loss.
You may also have money tied up in unpaid invoices, loan repayments or amounts that need to be set aside for BAS and other obligations.
That’s why looking at your P&L alone doesn’t always give you the complete picture.
In our latest blog, we look at the key numbers that can help you understand what is really happening financially in your business.
https://www.westbas.com.au/news/The-Real-Numbers-Every-Business-Owner-Needs-to-Know
When you’re looking for a Perth bookkeeper focussed on your success and a high attention to detail, WestBAS can support you with customised bookkeeping and business growth solutions - 💻WestBAS | Your Perth Based Bookkeeper
