Understanding And Building Your Profit and Loss Statement

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This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Nerd Enterprises, Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Nerd Enterprises, Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
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At last someone who explains things in the most simple way.  Many Thanks

louisenicholson
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Do you include balance brought forward from a previous month into gross reciepts.

mhaupt
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Hi, great presentation. May I ask which software you were using in creating the accounts.

DJJarlon
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Thanks! @DJJarlon This was all done in QuickBooks

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