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    1 Reply Latest reply on Dec 14, 2018 4:43 PM by LUCKIEST

    How come you don't have a year to end profit to loss statement?

    lendinero Adventurer

      Working in alternative lending, I have found that most small businesses don't run month to month profit to loss statements. This is insane.  If you don't know what happens month to month with your financial activity, it's like sailing without direction.  Month to month profit to loss statements allow you to:
      1. Determine average expenses
      2. Itemize expenses
      3. Determine revenue sources
      4. Know what to eliminate and or to increase
      5. Gives you more control of your business 

       

      How come you don't have as year to end profit to loss statement?