P&L Statement: Difference between revisions

Latest revision as of 23:56, 13 May 2022

What is a P&L Statement? Basics of accounting - statement of operations - or what comes in and out on a monthly basis. See more at https://en.wikipedia.org/wiki/Income_statement

For an operations manager, P&L should show YTD:

Money in the bank - screenshot of summary page from bank account.
Money in the bank last month
Summary of money over last 12 months.
Revenue and Expenses summary, for that period - by main categories
1. Supplies, materials, consultants, salaries, gas, travel, etc - depending on type of business

@@ Line 6: / Line 6: @@
 #Money in the bank last month
 #Summary of money over last 12 months.
-#Accounts payable (for planning what finances will look like)
+#Revenue and Expenses summary, for that period - by main categories
-#Accounts receivable (for planning what finances will look like)
+##Supplies, materials, consultants, salaries, gas, travel, etc - depending on type of business
-#Revenue and Expenses summary, for that period
-#Major categories for that month - expenses and revenues. (Supplies, materials, consultants, salaries, gas, travel, etc - depending on type of biz)