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within this tutorial ill be showing you how to take this raw information that you usually have daily as you do transactions having income having expenses for your business taking that information and creating a profit loss statement quite easily so we will be converting this information to look like this quite simple quite easy lets not waste time if you want to join in doing this with me go ahead and pause the video download the practice workbook from the link in the description down below and then lets get started on this together so within this raw data file tab you would have a date of the transaction occurring the type of transaction being income or expense then deciding which account to assign this expense or income to so this will be done before the time or even if you havent done it we can then do it together i will show you where i will be creating this then having manual detail to that type of account so when were doing internet what type of internet experience was it it