By: Joan Stoner, CPA I hear this comment fairly often and can guess with accuracy where the money went. Most people who say this have debt. The only way to pay down debt is with income. That means the cash flow from the business is going to other people rather than in the owner's pocket. A common way to tell if a business has income is to compare the total debt from one year to the next. If debt is down, there is a good chance the business has made money.&nbs [...]
