Profit and Loss Statement

The Profit and Loss Statement Flow Template is used by Operations departments to accelerate business processes and maintain full control over important documents while eliminating manual actions.

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The automated Profit and Loss Statement Flow Template simplifies the work of the operations specialists and helps close important deals without delays or data losses. With easy-to-configure Bots, Operations departments can begin automating on day one, without writing a single line of code.

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  5. Automatically archive documents to your storage when a task is completed.

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Save an average of 8 hours per week with an automated Profit and Loss Statement workflow

Spend an average of 10 minutes to complete a Profit and Loss Statement document

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No-code automation, integrations, configuration and distribution of Profit and Loss Statement

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  • Integrate Profit and Loss Statement with dynamic web-forms

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  • Auto-generate documents from data in Profit and Loss Statement

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How to Profit and Loss Statement

Watch our quick user guide video and learn how to use the Profit and Loss Statement. Our instructions show how to automate, sync, and streamline document workflows without coding.

How to Profit and Loss Statement

hey badass business owners today we're going to talk about the basics of your profit and loss income statement because let's face it it can be very confusing because it looks like just a bunch of numbers on a page but i want to let you know that you need to know your business numbers and your profit and loss is your business's report card so it's really important you understand it because at the end of the day it is the piece of the puzzle that helps you unlock your profits so with that let's take a look now there's going to be a couple different versions of a p l that are out there don't get hung up on the way that yours happens to look they all have the exact same five key sections and that's what we're going to take a look at so you know what those five sections are the first section is the income line and the income section is going to be called either income sales or revenue basically it's all the money that is coming in to the business so if you're receiving money in any way shape or form it's going to be right here under the income section once again it'll say sales revenue everyone is a little bit different but most of the time it's going to be called income the second section that you need to worry about is your cost of goods this is one of the big ones and this is probably where most people make their mistakes and on other videos i dive into this section in detail to show you where those mistakes happen but we'll take a look here real quickly cost of goods is sometimes called cog so when you hear people talk about cogs or cogs what they're referring to is the cost of goods sold and this is all money spent on materials ingredients packaging and labor that is spent on creating the product or providing the service there's different types of labor and i'm going to talk about that here in a minute but for cost of goods just think of it this way if it is part of providing the product at all either making it or providing it if you're a service-based business it's going to be under cost of goods because really what you're selling as a service is the actual service which is the which is the service if you have products and you make those products then you're gonna have a higher cost of goods because you're gonna have to include the labor because you cannot make it without that person uh if you just turn around and you resell it then it's just the original cost to you to purchase that material now let me explain the labor hours a little bit better here because some people have them under cost of goods some people have them under expenses and the right