A profit and loss statement, also called an income statement, shows the revenue and expenses of a business, broken down into categories. This week we’re going line-by-line through an example of this report, introducing the key concepts of the P&L.
Operating profit is one of the most important lines on the profit and loss (income) statement. In this article, we explain what it is and why it’s so important with examples, formulas and definitions.
Struggling with all the different types of profit in the profit and loss report? Well in this article we break down and demystify gross and net profit. We’ll also explain what they mean for business and give some handy tips on how to improve them.
New to the profit and loss statement? Getting confused with all the terminology? Well, fear not! In this article, we break down net profit and revenue and compare the differences. You’ll be a revenue and profit wizard in no time!
Get a free profit and loss template on us! Claim your template in this article, which features: equations to calculate totals, the ability to place your figures into the correct financial accounts
and creates a professional financial report with ease – rather than expertise!
Financial forecasting is a crucial business activity – so why isn’t everybody talking about it? In this ultimate guide, we bring together the reasons why forecasting is so important and how to go about making realistic forecasts painlessly!
In number three in our series on financial forecasting, we go on a tour of the ‘big three’ financial reports. They can be a scary prospect! But knowing a few key bits of info can really help you understand these useful tools and give you confidence in your forecasts.
Why is this sandwich being measured? Read on to find out. This week we take a look at the profit and loss forecast. This simple guide goes through each part of the P&L and explains how to make use of the figures it produces.
The Profit and Loss Statement is probably THE most confusing of the big three financial reports. But why is it confusing? In this article, I’ll demonstrate how the P&L works and give examples of some common confusions 😀
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