Knowing the ins and outs of your business is vital for managment and growth.
A Profit & Loss/Income Statement is one of the three main Financial Statements and necessary for ALL Schedule C Tax forms.
There are many ways to generate a P&L. Here is the manual way. Download our FREE P&L Spreadsheet and customize it to suit your business income/expenses.
*Keep records of supporting documentation (Bank Statements, Invoices, Receipts, etc.) and get your P&L reviewed by an Accountant or Audited by a CPA for due diligence*
