This, together with the balance sheet and the cash flow statement, provides an indication of the economic health of the organization. With these, it is possible to observe in detail and accurately whether the company is making profits or losses in its operation and make strategic decisions to achieve the stated objectives, even for marketing .
Do you want to know more about the income afghanistan email list 168973 contact leads statement? Read this content until the end!
What is the income statement?
Main accounts that make up the income statement
How to get the income statement?
Why is the income statement important for your company?
What is the income statement?
This statement, also called a profit and loss statement, is a type of financial report that explains and reflects in detail the expenses and income that a company had during a certain period of time.
Therefore, the income statement allows us to understand what the business is like at the operational level, the fixed and variable costs necessary to maintain sales, the capacity to generate sales, administrative expenses and debts that affect the company in a certain range of dates.
What is the purpose of the income statement?
On the one hand, this financial statement provides information about the value of the company, data that is interesting for investors. And, on the other hand, it allows debtors to know how easy it is for the company to return their money.
That is, the analysis of an income statement explains the profitability of an organization and helps it make the right decisions for its growth and for establishing itself in the market.
Main accounts that make up the income statement
The income statement is made up of nine accounts that seek to answer questions such as what the company sells, how much it is selling, how expenses are managed, the profits it is generating, and more.
Do you want to know what these accounts are? We explain them below:
