Clear, concise monthly or quarterly profit and loss reports. We turn your bookkeeping data into reports you can actually use to make better business decisions.
A Profit and Loss statement (also called an income statement) summarizes your revenues, cost of goods sold, and operating expenses over a specific period. The default report QuickBooks spits out is a wall of numbers. A useful P&L is structured around the questions you actually ask: am I making more or less than last month? Which service line is driving profit? Where did expenses creep up? Is the trend up, flat, or down?
We prepare accurate, easy-to-understand P&L reports every month or every quarter with a short written summary. You get the numbers, plus a translation of what they mean. No mystery, no spreadsheet archaeology.
An annual P&L is a tax document. A monthly P&L is a management tool. When you only see numbers once a year at tax time, every problem is 12 months old. Monthly P&Ls let you spot a labor cost creep in March, not in April of the following year. That's the difference between a small adjustment and an emergency.
Monthly, at minimum. Most owners we work with review their P&L within the first 10 business days of each month. Quarterly is acceptable for very small or seasonal businesses but means slower reaction time when something drifts. Annual P&Ls only are a recipe for surprises.
The P&L tells you how the business performed over a period (a month, quarter, or year). The balance sheet tells you what the business is worth at a single point in time (assets minus liabilities equals equity). You need both. We typically include both in our monthly reporting package.
Yes. A contractor's P&L should separate labor, materials, equipment, and vehicle costs. A restaurant's P&L should show food cost as a percentage of revenue. A professional service firm needs to see utilization and billable hours. We tailor the structure to the questions your business actually needs answered.
Yes. We use standard GAAP-aligned chart of accounts and clean categorization, so your CPA gets a tax-ready set of books in January and doesn't have to spend (and bill you for) hours of cleanup before preparing the return.
Yes. Many clients want a 20-minute monthly call to review the P&L, ask questions, and decide on adjustments. That's included in our ongoing reporting package. Others prefer a written summary they can read on their own time. We do whichever works for you, in English or Spanish.
Free consultation, flat monthly pricing, Tampa-based team. Hablamos Español.
