As part of our Accounting 101: The Basics series, we will be going over some of the reports that are important to review for your business more in detail. One of the most important reports for you to review as a business owner is the Profit & Loss (P&L) or Income Statement. Let us dive into what is a P&L report. The 2 types of P&L reports. Why this report is essential for your business. Lastly, some details about this report to consider.
ACCOUNTING 101: the BASICS, Profit & loss
Updated: Apr 1, 2022