how to create a P&L statement

How to create a P&L statement

Keeping track of your finances is essential for any business, large and small. This is particularly vital for small companies, where individual sales and expenses can make far more of an impact on their profits and losses than they would in huge enterprise businesses.

One of the forms of reporting and documentation that should be top of your list of priorities is your profit and loss statement – also referred to as a P&L.

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