A Profit and Loss statement is a financial statement summarizing your company’s revenues, expenses incurred, as well as profits and losses during a specified period.
You can customize this time frame to suit your company’s needs. Commonly used are quarterly or annual statements.
Customizing your statement period
These records provide sound information on the company’s outlook in generating profit and managing its expenses.
Deskera Books auto-generates your Profit and Loss Statement based on the transactions recorded.
Profit and Loss Statement
In our next article, read up on how you can generate your Balance Sheet.