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The reality is that it shows you each of your income and expenses through different categories, which will allow you to know how good or bad your current situation is. Why the P&L is important for your company When we have a company we have a series of legal and tax obligations that we must comply with to avoid problems with the law. Well, the P&L statement is one of them, and the government needs to know your financial statements to determine how much you will pay in taxes. In addition, having the profit and loss accounts in order will help you know what the exact entries and exits of the company are in the last fiscal year. Many times, because there is so much volume, some numbers are lost, but now it will not happen again.


Results that you will find in the P&L What we love about the Belarus Belarus WhatsApp Number Belarus WhatsApp Number Belarus WhatsApp Number WhatsApp Number profit and loss statement is that before taking out the totality you will obtain some results that are of great importance for the business. Some of them are: Operating We start with operating income, which is none other than the income obtained from the marketing of products and services in a specific period. We could say that they are the main profits that the company obtains. Financial The financial result is the difference between investment income and the expenses they cause. Before taxes We refer to the sum of the first two accounts, the operating and financial results. From the exercise Finally we have the result of the exercise, which are the profits or losses after adding the payment of taxes. p&l How to manage losses? Losses to a certain extent are inevitable, especially in the first years of the business, which is when the greatest challenges are experienced.



Not controlling money that doesn't come back could be the beginning of the end for your business, so it's time to pay attention to it. Let's look at some tips so you can manage losses like a professional: TEST How much do you know about business? Tools, concepts, business methodologies... Test yourself with this test! It won't take you more than minutes to take the test! FREE Classes What would it be like to take one of our master's degrees? The best thing is that you try it yourself with these totally FREE classes! Sign up and live the experience of being part of the business school that has put the traditional educational model in check.