This training program will review different types profit and loss statements, including a QuickBooks profit and loss standard layout as a complex, multi-fund example. Attendees will learn how to analyse growth or loss within a business or department by comparing progressive reports. If you don’t prepare your own profit and loss statement, you may not understand what yours are trying to communicate about your business’ financial performance. Many business owners and senior executives have stacks of reports they never look at because none of them seem to make much sense. Understanding your P&L is vital to small businesses because it also serves as the income statement. Whether it’s time to apply for business credit or a loan, or time to sell your business, you’ll need to bring your P&Ls going back 2 to 3 years. This webinar will help you understand the terms, format, and key performance indicators of profit and loss statements.
This webinar will provide valuable assistance to all personnel in:
What You Get:
Deborah Wolfe is a business consultant, entrepreneur, professional accountant and founder of Wolfe Consulting in St Augustine, FL. She provides business solutions and support for small to mid size businesses specializing in Financial Analysis and Business Management. Before starting Wolfe Consulting in 2013, she spent over 8 years working for the state of Florida and more than 6 years helping small businesses expand.