Finveritas Capabilities:

Profit Loss Statements

Support from Day One – And Beyond.
Understanding how much your business is really earning—and spending—is essential to making smart decisions. A Profit and Loss Statement (P&L) shows your income, expenses, and net profit over a specific period, giving you a clear snapshot of your financial health. At Finveritas Bookkeeping, we prepare accurate, easy-to-read P&L reports so you always know where your money is going and how your business is performing.

Profit and Loss Statements

See what you really earn. Know what it really costs.

A Profit and Loss Statement (also called an Income Statement) is more than just a formality—it’s a financial mirror. It shows exactly how much your business is making, what it’s spending, and where your profit (or loss) truly lies.

At Finveritas Bookkeeping, we generate accurate, easy-to-read P&L statements monthly, quarterly, or annually—so you always have a clear view of your business’s financial performance.

Key Features

Categorized income and expense tracking
Custom date ranges: monthly, quarterly, year-to-date, or custom fiscal years
Gross profit and net income visibility
Breakdown by project, product, client, or department (if applicable)
Optional comparison vs. previous periods
Export-ready for CPAs, tax filing, or investors
Delivered as PDF or Excel, plus secure cloud access

Why You Need Profit & Loss Statements

✔ To understand whether your business is actually profitable
✔ To prepare for tax season with clean, verifiable numbers
✔ To present clear financials to investors or lenders
✔ To uncover wasteful spending or underperforming revenue streams
✔ To make confident hiring, pricing, or expansion decisions
✔ To meet legal or accounting compliance requirements

Whether you’re running a solo operation or managing multiple employees, your P&L is the single most important financial report you can have on hand.

How It Works

Bookkeeping Review or Setup
We collect transaction data from your bank, credit card, or accounting software and ensure everything is properly categorized.
Data Reconciliation
We match all financial entries with actual transactions to ensure 100% accuracy.
Report Generation
We create a professional Profit and Loss Statement for the period you choose, tailored to your business structure and reporting goals.
Optional Review Session
We walk you through the report, highlighting trends, red flags, or opportunities for improvement.

Why Use Finveritas for P&L Reporting?

We keep it clear. No confusing layouts or accounting jargon—just clean, easy-to-read financials.
We catch what others miss. We track misclassified expenses, missed income, and discrepancies before they cost you.
We tailor it to your business. One-size-fits-all doesn’t work for your finances. We adjust reporting to your needs.
We go beyond numbers. We don’t just deliver a file—we explain what it means and how to act on it.

Your Business Benefits By…

📊 Gaining a true snapshot of financial health
🧾 Being tax-ready year-round
💡 Making informed, confident decisions
🏦 Presenting professional reports to banks or investors
📉 Identifying trends and areas to optimize or cut costs
🤝 Building trust with CPAs, partners, and stakeholders

Top 10 FAQs – Profit and Loss Statements

1. What is a Profit and Loss Statement?

A P&L statement is a financial report that summarizes your income and expenses over a specific period, showing whether your business made a profit or took a loss.

2. How often should I have a P&L prepared?

We recommend monthly for visibility, quarterly for strategic decisions, and yearly for tax prep. Most of our clients receive them monthly.

3. What’s the difference between P&L and a Balance Sheet?

A P&L shows performance (profitability) over time. A Balance Sheet shows your financial position (assets, liabilities, equity) at a single point in time.

4. Can you customize the report for different departments or projects?

Yes! We can segment your P&L by job, service line, location, client, or any other meaningful category—if your systems track it, we can report on it.

5. Do I need a P&L if I’m a sole proprietor or freelancer?

Absolutely. Even small businesses benefit from tracking income and expenses clearly—it helps with tax planning, budgeting, and profit awareness.

6. Is this part of monthly bookkeeping, or a separate service?

P&L reporting is included in our monthly bookkeeping packages, but we also offer it as a standalone service for year-end reviews, audits, or funding purposes.

7. Can I get historical P&L statements if I’ve fallen behind?

Yes—we can perform catch-up bookkeeping and generate P&Ls for past months or years to bring your records up to date.

8. Can you explain the numbers to me? I’m not a “numbers person.”

Of course. We offer plain-language walkthroughs of your report and highlight what’s most important—no accounting degree required.

9. Will this help me get funding or a loan?

Yes. Lenders and investors often ask for your P&L and Balance Sheet. Our reports are professional, detailed, and lender-ready.

10. What format do I get the report in?

We provide P&Ls in PDF and Excel formats, and store them securely in the cloud for easy access and sharing.

📞 Ready to finally understand what’s really going on in your business finances?
Let us deliver clear, actionable Profit and Loss Statements that give you more control, more confidence—and more clarity.

[Book Your Free Financial Clarity Call Today]