How to figure out profit?

I need to be schooled in profits, how do you figure it out each month? also labor costs, what should they be and how do you figure them out?

you need 2 start with accurate sales figures & do inventories, to figure out your cost of goods…

I really advise everyone to learn QuickBooks, as the learning curve isn’t steep & provides essential accounting info…

you might consider one of those tutor cd’s if ur are accounting deficient…

even paying a bookkeeper will better informed, but you will still need to track sales & do opening/closing inventories…

Semper Fi!
U.S.M.C Auditor, IGB