Your Profit & Loss Statement has something to say

And it always tells the truth. 
 
Income - What you're bringing in 

Expenses - What’s going out 

Net income - What’s left after everything is paid 

That last line, net income, lets you know if your business is making money or just staying busy. When your P&L is updated monthly and managed well, it becomes a tool you can use instead of just something you forward to your accountant once a year.