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A Short Guide to Profit and Loss Management for Small Businesses

A Short Guide to Profit and Loss Management for Small Businesses

Submitted by • August 21, 2020 www.mycountsolutions.com

Whether it’s the question of maintaining the operations or integrating new products and services, a business needs to do better than breakeven between Profit and Loss. In other words, profits are important for the survival and growth of a commercial entity. However, like many other dichotomies, losses are attached to profits. No matter how efficiently a business is being operated, one can’t claim that it is only racking in profits while incurring zero losses, only accounting wizardry can produce such results.

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