The income statement, which acts as the financial roadmap of every business, allows you to see the company’s profits and expenses at a glance. Without this report, it is difficult to understand the real situation of the company.
What is shown?
Revenue: The total cash flow received by the company during a certain period.
Expenses: All resources spent on the continuation of the business, including salaries and taxes.
The bottom line: Did the business make a profit or face a loss.
Importance of the report
Monitor financial health and see risks in a timely manner.
Evaluate the efficient use of resources.
Determine which areas need to be developed and which need to be optimized.
💡 With Abacus, it is possible to easily monitor and analyze P&L reports, which is a great advantage for increasing revenue and building a strategy correctly.
📞 +994 55 -213 49 39
☎ +994 12-565 60 59
📩[email protected]
🌐 abacusaudit.azabacusaudit.az