Profit and Loss Report
This is one of the most sort after reports by almost any Small Business, Home Business, Contractor or Subcontractor, as this gives us an up front, in your face, hard figure which cannot be messed with… You can tell in an instant if overall you are making money, or making a loss.
The profit and loss report (sometimes called a P&L Report) is generated from the existing information you have at hand.
This is a basic running profit and loss, and is a simple formula of taking expenses away from income.
Combing the Where Am I Calculator
Remembering though that the profit and loss report is the result of the end product, it does not take into account everything in between.
Which is why the EasyAs Accounting Program is quickly becoming the market leader. The “Where Am I” Calculator can be used along with the profit and loss report to gain extra insight into the day to day running costs of your business.
With the “Where Am I Calculator” used in combination with the Profit and Loss Statement, you have some valuable information at your finger tips.
Within EasyAs you have 3 Simple Profit and Loss Reports which you can print out.. The most common report found in most accounting programs is and extended report listing all the income less expenses to come up with a gross profit amount.
Below is a Sample of and Extended Profit and Loss show all Income and Expenses
Below is a sample of a the Profit and Loss Report showing on the Totals of each section
1. Showing with and without Fuel Expenses
2. Showing a profit and loss amount which includes you Accounts Payable and Receivable