{"id":8978,"date":"2016-11-21T14:48:03","date_gmt":"2016-11-21T14:48:03","guid":{"rendered":"https:\/\/www.process.st\/templates\/income-profit-and-loss-statement-process\/"},"modified":"2024-02-28T20:50:32","modified_gmt":"2024-02-28T20:50:32","slug":"income-profit-and-loss-statement-process","status":"publish","type":"post","link":"https:\/\/www.process.st\/templates\/income-profit-and-loss-statement-process\/","title":{"rendered":"Income (Profit and Loss) Statement Process"},"content":{"rendered":"
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Introduction:<\/h2>\n
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The income (profit and loss) statement is the document which demonstrates how much money a company has earned and spent<\/strong> over a particular period of time. <\/p>\n

This checklist is intended to be run at the end of every quarter.<\/strong><\/p>\n

The basic equation of an income statement is:<\/span><\/p>\n

Revenue - Expenses = Net Income <\/strong><\/p>\n

Use this checklist to make sure you're accounting for your earnings and operating costs correctly.<\/p>\n

You can watch this video<\/strong> below for a more detailed overview.<\/p>\n<\/p><\/div>\n

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