![]() A P&L statement can also give potential investors or buyers a quick view of the state of the business. P&L statements are typically prepared by owners or accountants, and used by owners, officers, and shareholders to get a feel for the state of the business. Regardless of the type of business, the first step is to determine the period of time to be evaluated - usually for a quarter but can be a month, a year, or even a week. For new businesses, a profit and loss statement will give you a good idea of how things are going. Whether a business sells goods or provides services, a P&L statement can help determine how it has been performing in the past and predict how it may perform in the future. Use a P&L template to calculate your net income (gross income minus expenses), and whether you need to increase income or reduce costs. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |