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Click ‘Get Form’ to open the project operating statement in the editor.
In Section 1, complete the property information. Fill in the property address, number of vacant units, city, total number of units, state, zip code, and loan number.
For Section 2, certify the information by signing and dating the form. Print your name and title clearly.
In Section 3, provide the operating history for the prior year and current year-to-date. You can either complete this section or attach your own itemized operating history or relevant tax forms.

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What is the PL of a project?

What is Profit and Loss in Business Projects? In terms of business projects, profit and loss refers to the difference between the money you make on a project, and the money it costs to complete that project.

What is an operating statement?

A statement of operations is a financial statement businesses use to report revenues, cost of goods sold, operating expenses, operating profit, non-operating expenses, and net income (loss). Accountants report results from continuing and discontinued operations in different sections.

What is included in the OPEX?

An operating expense is an expense that a business incurs through its normal business operations. Often abbreviated as OpEx, operating expenses include rent, equipment, inventory costs, marketing, payroll, insurance, and funds allocated for research and development.

Is a PL the same as an operating statement?

The PL statement is also called an earnings statement, a revenue statement, an operating statement, a statement of operations, or a statement of financial performance. In the PL, profit is referred to as net income or net profit, which appears on the last linewhich is where the term bottom line comes from.

Is an operating statement the same as a PL?

The operating statement is the go-to report for figuring out if your business is making money. It shows how much youre earning, how much youre spending, and whats left over, plain and simple. This report helps you keep track of your profits and understand where your money is going.

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Project operating statement 2026