Can an accountant do a profit and loss statement? A certified income statement requires the services of a certified public accountant. Financial statements are certified by a CPA who examines them, ...

This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

Let's prepare a profit and loss ... business for a while, it is fairly easy to come up with reliable estimates for expenditures such as salaries, rent, insurance, utilities, communications, etc costs.

Also referred to as a profit and loss ... income statement doesn't show when revenue is collected or when expenses are paid. It does, however, show the projected profitability of the business ...

It's also one of the most difficult to make for most small business owners ... which is either a profit or loss. In addition to the income statements, include a note analyzing the results.