Local Business Pro
Local Business Pro

Understanding Your P&L Statement

Line by line, learn how to read a real service business P&L.

4.9 378 enrolled 35 min 4 chaptersFree
FinanceAccountingBeginner
Start Course
Mountain West Accounting

Mountain West Accounting

Bookkeeping & Tax Firm

Salt Lake City, UT

A Salt Lake City bookkeeping and tax firm dedicated to trades. We keep your books clean so you can focus on the jobs.

2 courses790 enrolled4.8
View all courses by Mountain West Accounting

Chapter 1: Getting Started

Select a lesson to start

Understanding Your P&L Statement
1:14 / 5:00

Line by line, learn how to read a real service business P&L.

What you'll learn

    More Courses You Might Like

    Based on your interests and location.

    Bookkeeping Basics for Service BusinessesFree💰 Accounting & Finance

    Bookkeeping Basics for Service Businesses

    Stop guessing and start knowing your numbers. A practical guide to bookkeeping built for plumbers, electricians, and HVAC techs.

    BookkeepingQuickBooksBeginner
    Mountain West Accounting
    Mountain West AccountingSalt Lake City, UT
    4.8(412 enrolled)1 hr 15 min · 8 ch
    Cash Flow Management for TradesFree💰 Accounting & Finance

    Cash Flow Management for Trades

    Why profitable businesses still run out of cash, and the simple system to fix it forever.

    Cash FlowFinanceIntermediate
    Sarah Chen, CPA
    Sarah Chen, CPASalt Lake City, UT
    4.9(324 enrolled)48 min · 6 ch
    QuickBooks Online Setup for TradesFree💰 Accounting & Finance

    QuickBooks Online Setup for Trades

    Set up QuickBooks the right way the first time. Avoid the 10 mistakes every contractor makes.

    QuickBooksBookkeeping
    Sarah Chen, CPA
    Sarah Chen, CPASalt Lake City, UT
    4.9(445 enrolled)1 hr 20 min · 9 ch

    What Service Pros Are Saying

    378 enrolled · 5 reviews

    4.9

    5 reviews

    5
    89%
    4
    8%
    3
    3%
    2
    0%
    1
    0%
    MH

    Mike Henderson

    2 weeks ago
    HVAC Owner· Salt Lake City, UT

    I've been wasting money on Google Ads for two years. After watching this course and applying Sarah's framework, my cost per lead dropped from $120 to $45 in the first month. Wish I'd found this sooner.

    LP

    Lisa Park

    1 month ago
    Plumbing Owner· Provo, UT

    Sarah explains things in a way that actually makes sense. I'm not a marketing person but I was able to set up my first campaign and get it running in an afternoon.

    CM

    Carlos Mendez

    1 month ago
    Electrical Contractor· Ogden, UT

    The keyword research template alone was worth it. I found 20 keywords I wasn't bidding on that my competitors were dominating.

    JW

    Jennifer Wu

    2 months ago
    HVAC Owner· Sandy, UT

    Great course overall. I would have liked more on landing pages, but the ads setup section was excellent.

    DT

    David Thompson

    3 months ago
    Roofing Contractor· Salt Lake City, UT

    I connected with Sarah through her offer and she's now managing our books. The course was just the beginning — having a local expert who actually understands our industry has been game-changing.

    Are You a Professional Who Works With Service Businesses?

    Create a free course, share your expertise, and connect with service business owners in your area. Our partner program gives you a direct line to your ideal customers.

    48 partners · 12,400+ leads generated

    Apply to Become a Partner

    Free to join · No course creation fees · You keep 100% of your leads