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hey badass business owners today were going to talk about the basics of your profit and loss income statement because lets face it it can be very confusing because it looks like just a bunch of numbers on a page but i want to let you know that you need to know your business numbers and your profit and loss is your businesss report card so its really important you understand it because at the end of the day it is the piece of the puzzle that helps you unlock your profits so with that lets take a look now theres going to be a couple different versions of a p l that are out there dont get hung up on the way that yours happens to look they all have the exact same five key sections and thats what were going to take a look at so you know what those five sections are the first section is the income line and the income section is going to be called either income sales or revenue basically its all the money that is coming in to the business so if youre receiving money in any way shap
