Most small business owners look at their bank balance to decide if they're doing okay financially. That's like driving by only looking in the rearview mirror. There are five financial reports that will give you a complete picture of your business — and you should be reviewing all of them every single month. 1. Profit & Loss Statement (P&L) Your P&L shows your revenue, cost of goods sold, gross profit, operating expenses, and net income for a specific period. It tells you whet