How do I write a year to date profit loss statement to show my recent business income?

tinabutton

I don’t receive a pay check from my business but have to show the income for my business to save my property from foreclosure

Powered by Yahoo Answers

Share and Enjoy:

Tags: Business Property, Year To Date

This entry was posted on Friday, May 1st, 2009 at 6:27 pm and is filed under Business tips. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “How do I write a year to date profit loss statement to show my recent business income?”

Tim's DD Says:
May 2nd, 2009 at 4:22 pm
Powered by Yahoo Answers

On a cash basis a Profit and Loss statement is essentially your bank statement showing all incoming and outgoing cash.

On an accrual basis you would show anything owed to your business that has not been collected yet as an asset to your company. If you have money owed to you from clients this method would be better for making your business appear more profitable.

try this template