The ultimate software for calculating profit and loss statements.
Track your expenses with ease!
The ultimate software for calculating profit and loss statements.
Track your expenses with ease!
Track your expenses with ease!
Track your expenses with ease!
The TaxMaster Profit and Loss Calculator is the simplified solution to bookkeeping and tracking income and expenses in real time.
This software was designed with the intent to allow any small business owner to accurately track and produce an accurate and up to date profit and loss statement. This will help the consumer pin point financial tendencies related to their business.
Please contact us if you cannot find an answer to your question.
A profit and loss statement (P&L), or income statement or statement of operations, is a financial report that provides a summary of a company’s revenues, expenses, and profits/losses over a given period of time. The P&L statement shows a company’s ability to generate sales, manage expenses, and create profits. It is prepared based on accounting principles that include revenue recognition, matching, and accruals, which makes it different from the cash flow statement.
P&L statements are important, because many companies are required by law or association membership to complete them. A P&L statement also helps a company's management team (including its board of directors) to understand the business's net income, which may be helpful in decision-making processes.
A Profit and Loss (P & L) statement measures a company's sales and expenses during a specified period of time. ... The categories include net sales, costs of goods sold, gross margin, selling and administrative expense (or operating expense), and net profit.
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