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hey guys this is claudia here from the bookkeeping experts i've been a bookkeeper for a long time and i've seen just about everything now one thing that happens a lot we're talking about issues with the profit and loss on the previous video in the previous video we talked about um five five different mistakes that we can find on the profit and loss the first one was an applied cash payment today we're going to talk about another subject and that is how can i fix a negative amount on the income or on the expense side and what does it mean to have a negative amount on the profit and loss i'm going to talk about that and first of all let's go ahead and get to the profit and loss um how do you get to the to the reports on the left-hand side click on reports and as i mentioned before the profit and loss is the single most important financial statement uh for your firm here you have everything that happened this year that means all the income and all the expenses for the year uh so very imp...
