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    • 8 Steps to Creating a Profit and Loss Statement

      The Motley Fool· 6 days ago

      Designed to provide business owners with revenue and expense details, the profit and loss statement, or P&L statement, is a must for business owners, whether you’re a small business bookkeeper ...

    • Cash Basis vs. Accrual Basis: What's the Difference?

      The Motley Fool· 6 days ago

      An accounting method is based on rules that your business must follow when reporting revenues and expenses. Whether you’re using financial accounting, managerial accounting, or another type ...

    • Gross Profit vs. Net Profit: What’s the Difference?

      The Motley Fool· 6 days ago

      You might have heard that profit margin ranks high on the list of essential business metrics to track. What is gross profit? Gross profit, also called gross profit margin, is a company’s earnings after subtracting the cost of goods sold (COGS).