In my previous post, I mentioned three financial accounts business owners need to be familiar with to manage better a company’s performance. Today, we discuss the PNL (profit and loss) account. The Profit and Loss account tells the owner if his/her business earned profit or not.  If the sales were greater than the cost, then profit was made, while the opposite being the cost is greater than the sale then the business lost money.

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Tags: bad debts, business consulting, Consulting, overhead expenditure, PNL, sales, sales of goods

Filed under: Blog, Finance, Growth Essentials, Managing Business Performance

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