Accumulate all expense and revenue records throughout the month and turn them into a profit-and-loss statement, also called a financial statement or a statement of earnings. Gather carrier ...

Also referred to as a profit and loss ... statement, because unlike the latter, the income statement doesn't show when revenue is collected or when expenses are paid. It does, however, show the ...

A profit and loss statement is a financial document that details the difference between how much your business has earned and how much it has spent. The document includes an itemized list of every ...