Whether you create one yourself or hire someone to write one up for you, a profit and loss statement provides an accurate picture of the fiscal health of the business.
You'll need a proforma profit and loss statement with income and profit projections forecasted out three years.
A large or complex business may wish to hire an accountant or financial expert to generate a profit and loss statement.
The following sample profit and loss statement offers a suggested format, but each business is unique.
Sometimes a profit and loss statement reveals money leaking out of a company that may otherwise be hidden.
