August 15, 2018

How to Read Your QuickBooks Online Profit & Loss Report

Are you a business owner using QuickBooks Online for your bookkeeping and are unsure how to interpret the Profit & Loss Report beyond the “bottom line”? Yes, of course, you want to know if your business is making a PROFIT (+ number at the bottom) or LOSS (- number at the bottom), but what else should you be looking for? Even if you are using the services of a professional Bookkeeper or Accountant, it can be difficult to get some meaning from numbers on a page.

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