The income statement does NOT show how much cash you really have. That headline stood out to me, I would think they were one in the same. But as I went on to read, when starting a business you will sometimes notice that even when the income statement says you are making a profit, you have no money. There is often a time lag between making a sale and getting paid.
I found this information extremely important, I am sure new entrepreneurs often mistake money in their income statement as their profit that they might not truly have.
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