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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
14, May
2021

How to Analyze your P&L Statement

A P&L statement is also known as an income statement. It is a financial report that outlines a summary of the company's expenses, revenues, losses, and profits over a period of time. Keep in mind that it is different than a cash flow report. A P&L report includes the cost of sales, revenue, administrative expenses, net income, marketing and advertising, technology, and interest expense. It is generally done every fiscal year, quarter, or month.

 
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10 Signs Your Business Is Ready For Outsourced Accounting Services

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