Tualatin Virtual Wellness Bookkeeper

The Body of Accounting Blog

Financial Advice

Why Is My Net Income Different from My Bank Balance?

Dear Dangerously in Love with Your Finances, We are a private mental health practice located in Oklahoma City; we specialize in addiction to alcohol and drugs. Every month, as the owner, I review the profit and loss statement — it always shows a large profit. However, when I look at our business bank balance, the numbers