Quotes About Income Statement

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Quotes About Income Statement

Too many companies these days cant tell the difference between good profits and bad ... By now youre probably wondering how in heavens name profit, that holy grail of the business enterprise, can ever be bad. Short of outright fraud, isnt one dollar of earnings as good as another? Certainly, accountants cant tell the difference between good and bad profits. They all look the same on an income statement. While bad profits dont show up on the books, they are easy to recognize. Theyre profits earned at the expense of customer relationships.
— Fred Reichheld —

The Profit and Loss Statement tells you a lot about how your business is doing. It can also help you to determine ways that you can go about saving money so that you get to bring more money home! Basically, the P&L statement measures all of your income sources verses all your business expenses for any given period of time.

— Darren L Johnson

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