Delivered by the 5th Business Day! Most small businesses don’t have access to their financials or receive them 30 days or more after the month ends. xendoo provides a profit and loss statement by the 5th business day of the following month.
A profit and loss statement shows all your revenue and expenses. The P&L can also be called the income statement or earnings statement. Items on the profit and loss can include things like payroll, advertising, rent and insurance. It will also show your earnings from sales and other forms of income. Your total profit or loss for the time period is what you’ve earned minus what you’ve spent. If this amount is positive, it’s called a net income. If it’s negative it’s called a net loss.
A profit and loss statement shows all your revenue and expenses. The P&L can also be called the income statement or earnings statement. Items on the profit and loss can include things like payroll, advertising, rent and insurance. It will also show your earnings from sales and other forms of income. Your total profit or loss for the time period is what you’ve earned minus what you’ve spent. If this amount is positive, it’s called a net income. If it’s negative it’s called a net loss.
The balance sheet presents a company’s financial position at the end of a specified date. For xendoo clients, a balance sheet is provided every month. Some describe the balance sheet as a “snapshot” of the company’s financial position and adheres to the following equation, where assets on one side, and liabilities plus shareholders’ equity on the other, balance out:
Assets = Liabilities + Shareholders’ Equity
The balance sheet presents a company’s financial position at the end of a specified date. For xendoo clients, a balance sheet is provided on a monthly basis. Some describe the balance sheet as a “snapshot” of the company’s financial position and adheres to the following equation, where assets on one side, and liabilities plus shareholders’ equity on the other, balance out:
Assets = Liabilities + Shareholders’ Equity
xendoo’s mobile app allows you to access all of your business’s financial reports from wherever you are. Log in to our mobile app to view financial reports and other documents. Easily export and send these reports via email to partners or shareholders.
xendoo moves at the pace of today’s modern business by providing a profit and loss statement every 5th business day of the following month. We move quickly so you can make informed decisions, faster.
Get one month’s financials on us!
My CPA helps me stay compliant and file my sales tax returns on-time and accurately.”
Levin Windows Inc.
xendoo Customer
We support thousands of small businesses with their financial needs to help set them up for success. Want to get in on their secret? Learn more today.
We support thousands of small businesses with their financial needs to help set them up for success. Want to get in on their secret? Learn more today.
