As a business owner, you need to know how well you are generating profits. This type of profit and loss report is one of three financial statements.
A p l statement is an important way to see what’s happening financially over time. This is a great way to keep track of your small business financials.
What Exactly is a Profit and Loss Statement?
This kind of financial statement looks at the overall profit by summarizing expenses, costs, and revenues. It’s a snapshot of a company’s financial health and business performance.
