SBPD3008 - How to Prepare Profit and Loss Statements

Course Description

Understanding your numbers is key, and it starts with knowing how to track your income and expenses. In this class, you’ll learn how to create and use a Profit and Loss Statement (P&L) to monitor the financial health of your business. Topics include: 

• What is a Profit and Loss Statement? – Learn how a P&L report shows your revenue, costs, and overall profit or loss over a specific period 

• Why It Matters – Understand how this essential financial tool helps you make informed decisions, catch problems early, and plan for growth 

• Building a P&L Template – Step-by-step guidance on how to create a simple, reusable template that works for your specific business 

• Using Your P&L as a Management Tool – Discover how to review and update your P&L regularly to guide strategy, manage cash flow, and prepare for taxes or funding opportunities 

Applies Towards the Following Certificates

• Small Business Bootcamp Bundle : Small Business Bootcamp