How to Prepare a Profit & Loss Statement

An Income Statement, also called a Profit and Loss Statement, is a fundamental tool for understanding how the revenue and expenses of a business stack up. Simply put, it tells anyone at-a-glance if your business is profitable or not. Typically, an Income Statement is a list of revenue and expenses, with the company’s net profit listed at the end.

Threads Team

We believe in change. We believe in leaving a lasting impact. That's why threads mission is to empower the next of South African fashion entrepreneurs by providing them with the tools, resources, and networks to run a sustainable business operation and thrive internationally.