PL & Balance Sheet
₹1,000.00Year (incl. of taxes)
Summary
Rs. 1,000.00 Per Year is Basic Price.
It may Vary from Business to Business depending on turnover, No. of Years.
Here are the documents that are needed to prepare a profit and loss statement and Balance Sheet :
- Turnover Details
- Purchase Details
- Bank statements
- Loan statements
- Investment records
- Asset Details
- Liability Details
- Expense reports
- Tax documents
In addition to these documents, we may also need to keep track of other information, such as inventory records, asset depreciation schedules, and loan agreements. The specific information that you need to keep track of will vary depending on your business and your accounting system.
here’s a short summary of why profit and loss (P&L) and balance sheet are needed:
- P&L and Balance sheet are needed to track financial performance. They can help you identify areas where you are making money and areas where you are losing money. They can also help you track your profitability and see how your business is performing compared to other businesses in your industry.
- P&L and Balance sheet are needed to make informed business decisions. For example, if you see that your business is losing money on a particular product or service, you can decide to discontinue that product or service. Or, if you see that your business is growing rapidly, you can decide to invest in new equipment or hire new employees.
- P&L and Balance sheet are needed to attract investors and lenders. These documents can show investors and lenders that your business is financially sound and that it has the potential to be profitable.
- P&L and Balance sheet are needed to comply with regulations. For example, businesses that are publicly traded are required to file their P&L and balance sheet with the Securities and Exchange Commission (SEC).
In short, P&L and balance sheet are important financial documents that can help you track your business’s financial performance, make informed business decisions, attract investors and lenders, and comply with regulations.
