A profit and loss statement is a financial statement that summarises the revenues, costs and expenses incurred during a specific period of time – usually by quarter or year. These records provide information that shows the ability of a company to generate profit by increasing revenue and reducing costs.
Rad Bookkeeping are specialists in analysing profit and loss statements to ensure there are no hidden surprises. Get a clear picture of your business' financial situation with a profit loss statement prepared by Rad Bookkeeping.
Profit and loss or income and expenditure report is a necessary part of any business enabling you to understand what your financial position is. Owning a business, or looking at buying one you need to know what to expect in the coming months or even years. With an accurate profit and loss statement, you can manage your cash flow and make informed decisions concerning your company’s growth and assets. Rad Bookkeeping can prepare industry-specific financial reports on a month to month or quarterly basis including profit and loss statements, balance sheets, and cash flow statements.
Rad Bookkeeping can provide a profit and loss statement to allow you to analyse your income and expenditure in terms of cost of goods sold, fixed and variable expenses. By arranging financial statements on a regular basis, we can obtain a good understanding of your business and provide you with the information you require to have an ongoing successful business. You can also forecast the future plans of the business and maximise profits with the profit and loss statement Rad Bookkeeping reports for you. Our highly trained staff can help you use this information to make important business decisions, analyse your budgets, manage your inventory and maximise your profits.
Call Rad Bookkeeping today and let us manage your profit and loss statements.