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Ask The Experts > Profit and Loss

Profit & Loss ia a financial tool which tells you:

  • Sales
  • Profit
  • Expenses

Use your Profit & Loss to run your business, not just for end of year or administrative purposes. It should be telling you where your profit is coming from and all the costs are being incurred.

If you've customized your Chart of Accounts, your Profit & Loss will provide you with the Key Performance Indicators on your business.

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