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.
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.
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