Kurt Wehrle tells about Profit and Loss Management
Kurt Wehrle said, an income statement is essential to assess the health of your business; its creation is the first step towards proper profit and loss management. Creating an income statement is the first important step in managing income and loss, and along with your balance sheet and cash flow statement, your income statement is one of the three most important financial documents in your repertoire. Kurt Wehrle said, the income statement (P&L), or profit and loss statement, or profit and loss statement, is a financial statement that contains a summary of a company's income, expenses, and profit/loss for a certain period of time. Like the financial statement, the income statement provides you with detailed information about both the income and expenses of your business. An income statement is a financial statement that summarizes your company's income, costs, and expenses incurred during a specific period (such as a month, quarter, or year), as well as net income. Ku...