When is the last time you looked at your business numbers?
Start tracking your business numbers today with an easy-to-use profit and loss statement template courtesy of XERO you can use.
WHAT IS THE PURPOSE OF A PROFIT AND LOSS STATEMENT?
A profit and loss statement (also referred to as a P&L) provides an overview of your monthly, quarterly, or annual profits or losses. It’s a powerful tool you can use to understand your business numbers.
With P&L STATEMENT you can:
easily see your revenues, expenses, and operating costs over a specific period of time at a glance.
gain clarity in the IN’s and OUT’s of your expenses.
analyze where and how your business can increase profits.
When does my hobby become a small business?
Should I register for an ABN?
What information does the ATO know about my hobby business?
How does this affect me tax wise?
Earnings Disclaimer: The information published on this website regarding results, income, earnings, business profits or personal financial status is for informational purposes only. The information may provide real-life examples of possible outcomes, which are in no way guarantees of what will occur in your specific situation. Your business and financial outcomes depend on many factors including but not limited to your level of personal responsibility, commitment, and abilities, in addition to those factors that you and/or Higher Money Pty Ltd may not be able to anticipate. You agree that Higher Money Pty Ltd is not responsible for your success, or lack thereof.