VIDEO: The Profit & Loss Statement

How much money did your business collect and how much did it spend?  These pretty darn important questions are answered on the Profit and Loss Statement, also known as the P&L, also known as the Income Statement.  Your accountant should be handing you one of these at least twice a year.  Here’s how to read it…

[youtube]https://www.youtube.com/watch?v=dgRcVkHhAy0[/youtube]