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7023dcb5-5e9f-4e64-9c37-2f836d9ffd35
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This course will help you understand the importance of a basic document, the Profit and Loss (P&L) statement. The P&L statement is used to reflect the performance of the child care as a business. As a result, you can continue to provide a great environment for your wonderful children and employment for your staff. - Describe the basics of a P&L statement 1. General concepts and organization 2. Revenue 3. Expense categories 4. Percentages 5. Net income/cash flow/profit 6. Variable expenses 7. Fixed expenses - Use the P&L for forecasting
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