NonProfit Accounting: The 4 NonProfit Financial Statements
With charities popping up around the globe to address social challenges, including food insecurities, shelter, economic infrastructures, healthcare, education, and innovation to address pollution, accounting needs to keep up and reflect the realities of these businesses that are not focused on making a profit, but are determined to make a difference in their communities on […]
Profit and Loss Statement for Your Rental Property Free Template
As a business owner, you are working to achieve a sustainable business model, one that generates profits over time. However, to know if your business is profitable or not, understanding your financial statements is critical. For Profit and Loss Statement (P&L) for a Rental Property, your P&L statement will follow a similar format to a […]
Year to Date Profit and Loss Statement (P&L) Template
Curios to learn about your year to date profit and loss statement? Your profit and loss statement (P&L) is one of the key financial documents that keeps you informed and allows you to make critical decisions for the growth of your business. This includes essential decisions that drive revenue growth while also being mindful of […]
Free Profit and Loss Statement Template (for Google Sheets, Excel, & PDF)
Expanding your company is an exciting time, but to know if it is the right time for growth, you need to be clear about whether your business is ready to support the growth. The best way to determine the financial health of your business is through the financial statements, which can be generated either […]
5 Profit and Loss Statement Examples (P&L)
Building a business takes time and effort, but it also requires that you have a complete understanding of your financial position. After all, if you do not understand the status of your financial health, then you can put your business at risk by taking on expansions or opportunities that you can’t really afford. To make […]
How to Read, Analyze, & Understand Your Profit and Loss Statement (P&L)
Want to learn how to read a profit and loss statement? You are in the right place! Financial statements provide a means to check the financial health of your organization, giving you a greater understanding of where capital is being spent, how well product lines are performing, and what your overhead expenses truly are. But […]
Are a Profit and Loss Statement (P&L) & Income Statement the Same?
Profit and Loss statement vs Income statement, what’s the difference? Your financial statements are the barometer for the financial health and profitability of your company. Still, you might not be clear about what each statement means and how the information can be used to analyze the success of your business. With that in mind, let’s […]
Profit and Loss Statement (P&L) vs Balance Sheet Explained
Profit and Loss Statement vs Balance Sheet, what you need to know. Expanding your company is an exciting time, but to know if it is the right time for growth, you need to be clear about where your financial health and whether your business is ready to support the growth. The best way to determine […]
How to Make a Profit and Loss Statement (P&L) for Your Small Business
Growing your business means understanding where it is financially and keeping it solvent. To do that, you must know how much you are making and how much you are losing. A Profit and Loss Statement (P&L) breaks down your profit and loss so you can determine your net income and make the right decisions about […]
What Is a Profit and Loss Statement (P&L)? Explained for Small Business Owners
Starting a small business is an exciting time as you work to bring your dream to life. Of course, while you want to take advantage of every opportunity, the truth is that your business might not be in the financial position to take advantage of them. But how can you determine whether your business is […]
