How can you effectively utilize your P&L statement?

How can you effectively utilize your P&L statement? 

Accounting, Financial Planning

Every entrepreneur needs a useful tool to help them through the early stages of launching their business.


After you've compiled and organised your financials, you will be able to compare your earnings and losses, allowing you to carefully examine each transaction coming in and out of your business.

Profit margins may vary depending on many factors especially when it comes to your product or service. Look into your own industry to compare your financial performance and profit margins with industry benchmarks.

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