Priyanka Ganguly

Profit = what the accounting books say you earned after expenses

Cash flow = actual money moving in and out of your bank account

Know Your True COGS Many sellers only include product purchase costs. They forget: Freight costs Shipping costs Packaging Import duties Warehouse expenses Without these costs, reported profits may be misleading. Lesson: Accurate bookkeeping creates accurate pricing decisions

As an accounting student, you learn how to prepare an Income Statement, Balance Sheet, and Cash Flow Statement.

But in real business, it’s not just about preparing reports. Business is completely different from textbook accounting.

In the real world, you must understand: •...

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