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Profit and loss and markup

from Markup and Profit

We're halfway through the year. It's a good time to look at how your business is doing by checking your year-to-date figures against your goals. There's still time to make adjustments as necessary. With that in mind, I'd like to address two quick issues. The first is your Profit and Loss (P&L) statement. Construction is different than other businesses, and your books need to be set up differently. Your P&L should have 5 sections: Income, Cost of Goods Sold (COGS), Gross Profit, Overhead or Expenses, and Net Profit more


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7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063