Profit and Loss: How to Read One

Published Date
January 23, 2023

Ever wondered how to read a profit and loss statement? You are not alone! All business owners understand that having profit is a good thing and want more of it. If you are able to understand the profit and loss statement then you can see what you need to improve to increase profits, decrease expenses, and have a more successful business. Below we have a simple graphic with easy to understand wording so you can better understand the profit and loss statement. Contact us if you want to do a deeper dive into your profit and loss statement.

Call 801-623-0722 today or fill out a form here to schedule a free, 15-minute consultation for professional accounting services.

Todd Gray

Owner & Bookkeeper at PW Bookkeeping

Helping contractors save $6,500 dollars+ on taxes while increasing profitability.