{"id":123365,"date":"2023-10-13T18:42:40","date_gmt":"2023-10-13T13:12:40","guid":{"rendered":"https:\/\/tallysolutions.com\/?post_type=web-story&#038;p=123365"},"modified":"2024-03-07T11:47:18","modified_gmt":"2024-03-07T06:17:18","slug":"5-things-you-should-check-on-profit-and-loss-a-c","status":"publish","type":"web-story","link":"https:\/\/tallysolutions.com\/web-stories\/5-things-you-should-check-on-profit-and-loss-a-c\/","title":{"rendered":"5 Things You Should Check on Profit &#038; Loss A\/C"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Asap%3Awght%40400%3B700&amp;family=Roboto\" 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amp-custom=\"\">\n              h1, h2, h3 { font-weight: normal; }<\/p>\n<p>              amp-story-page {\n                background-color: #131516;\n              }<\/p>\n<p>              amp-story-grid-layer {\n                overflow: visible;\n              }<\/p>\n<p>              @media (max-aspect-ratio: 9 \/ 16)  {\n                @media (min-aspect-ratio: 320 \/ 678) {\n                  amp-story-grid-layer.grid-layer {\n                    margin-top: calc((100% \/ 0.5625 - 100% \/ 0.6666666666666666) \/ 2);\n                  }\n                }\n              }<\/p>\n<p>              @media not all and (min-resolution:.001dpcm) {\n                @media {\n                  p.text-wrapper > span {\n                    font-size: calc(100% - 0.5px);\n                  }\n                }\n              }<\/p>\n<p>              .page-fullbleed-area,\n              .page-background-overlay-area {\n                position: absolute;\n                overflow: hidden;\n 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0.6);\n                color: rgba(255, 255, 255, 1);\n                font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Oxygen-Sans, Ubuntu, Cantarell, \"Helvetica Neue\", sans-serif;;\n                font-size: calc(4 * var(--story-page-vw));\n                line-height: 1.4;\n                word-break: break-word;\n                word-wrap: break-word;\n                overflow-wrap: break-word;\n              }\n              <\/style>\n<p><meta name=\"web-stories-replace-head-start\"\/><title>5 Things You Should Check on Profit &amp; Loss A\/C<\/title><link rel=\"canonical\" href=\"https:\/\/tallysolutions.com\/web-stories\/5-things-you-should-check-on-profit-and-loss-a-c\/\"\/><meta name=\"web-stories-replace-head-end\"\/><\/head><body><amp-story standalone=\"\" publisher=\"Tally Solutions\" publisher-logo-src=\"https:\/\/tallysolutions.com\/wp-content\/uploads\/2024\/02\/tally-logo.jpg\" title=\"5 Things You Should Check on Profit &amp; Loss A\/C\" poster-portrait-src=\"https:\/\/tallysolutions.com\/wp-content\/uploads\/2023\/10\/Artboard-1-copy-2.png\"><amp-story-page id=\"43799790-fbac-4be8-bd9c-a5013b8e9283\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-20b91da7-64ce-4f8c-b8be-6e2b3c1013af\">\n<div style=\"position:absolute;width:100.07446%;height:100%;left:-0.03723%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-4-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-18210ef4-dcc1-4b48-8c63-b3122d120ed8\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:41.26214%;top:25.72816%;width:7.52427%;height:10.67961%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:6.451612903225806% 6.451612903225806% 6.451612903225806% 6.451612903225806% \/ 3.0303030303030303% 3.0303030303030303% 3.0303030303030303% 3.0303030303030303%\" id=\"el-35ed4775-7c87-4c33-8f2e-48e0dbefff9f\">\n<h1 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-23.35161290322582% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.922330em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">5<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:42.96117%;top:56.79612%;width:48.54369%;height:6.31068%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:1% 1% 1% 1% \/ 5.128205128205128% 5.128205128205128% 5.128205128205128% 5.128205128205128%\" id=\"el-2e1dbffc-3fbd-474c-a0a7-92474af7eebc\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-2.158999999999999% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.550162em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Loss A\/C<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:53.39806%;top:25.72816%;width:41.74757%;height:10.5178%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:1.1627906976744187% 1.1627906976744187% 1.1627906976744187% 1.1627906976744187% \/ 3.076923076923077% 3.076923076923077% 3.076923076923077% 3.076923076923077%\" id=\"el-63f7f193-bc52-4838-ab33-3c10ab831b48\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-4.208720930232561% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.922330em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Things<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:41.26214%;top:37.21683%;width:15.04854%;height:13.91586%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:3.225806451612903% 3.225806451612903% 3.225806451612903% 3.225806451612903% \/ 2.3255813953488373% 2.3255813953488373% 2.3255813953488373% 2.3255813953488373%\" id=\"el-70000c22-485c-4295-8b8a-f499ed6b7bec\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-6.964516129032254% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.550162em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">You&nbsp;<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:57.76699%;top:37.21683%;width:30.58252%;height:6.31068%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:1.5873015873015872% 1.5873015873015872% 1.5873015873015872% 1.5873015873015872% \/ 5.128205128205128% 5.128205128205128% 5.128205128205128% 5.128205128205128%\" id=\"el-4654af10-6535-47c7-9db7-0cb79656da04\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-3.4269841269841255% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.550162em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Should<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:42.96117%;top:43.52751%;width:48.54369%;height:6.31068%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:1% 1% 1% 1% \/ 5.128205128205128% 5.128205128205128% 5.128205128205128% 5.128205128205128%\" id=\"el-41e05e7e-1c93-48c2-8fe2-b07aa538ea35\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-2.158999999999999% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.550162em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Check on<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:65.04854%;top:50%;width:9.2233%;height:6.31068%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:5.263157894736842% 5.263157894736842% 5.263157894736842% 5.263157894736842% \/ 5.128205128205128% 5.128205128205128% 5.128205128205128% 5.128205128205128%\" id=\"el-3e8f86a7-9148-4b93-bdee-be0edfad6d6f\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-2.4157894736842085% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.550162em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">&amp;<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:42.23301%;top:50.16181%;width:23.05825%;height:6.31068%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:2.1052631578947367% 2.1052631578947367% 2.1052631578947367% 2.1052631578947367% \/ 5.128205128205128% 5.128205128205128% 5.128205128205128% 5.128205128205128%\" id=\"el-3a956af1-0e9f-4e50-832e-63c6653b629d\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.9663157894736834% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.550162em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Profit<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"67c257fd-0d2b-4196-a926-05ec679355f3\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c1e06086-49f9-4eee-89b2-74b7feaae0c6\">\n<div style=\"position:absolute;width:100.07446%;height:100%;left:-0.03723%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-5-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4d236267-4110-4da4-b5bf-2505350c9c58\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:10.92233%;top:44.98382%;width:78.64078%;height:24.27184%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 1.3333333333333335% 1.3333333333333335% 1.3333333333333335% 1.3333333333333335%\" id=\"el-1b436ede-e296-4ad3-8ec2-d39416bd6af4\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-1.0975308641975312% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.453074em;line-height:1.4;text-align:center;padding:0;color:#000000\"><span>P&amp;L is all about<br \/>\nexpenses, revenues, and<br \/>\nthe company\u2019s ability to<br \/>\ngenerate profit<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"65c4c1de-e10e-4469-83ca-b4f45ade0366\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-fc123d1f-8877-43d0-a448-454e923f2af5\">\n<div style=\"position:absolute;width:100.20684%;height:100%;left:-0.10342%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-6-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-9ef3752b-beb2-4e51-89ef-c2311781e51c\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:10.67961%;top:71.68285%;width:78.64078%;height:9.2233%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6172839506172839% 0.6172839506172839% 0.6172839506172839% 0.6172839506172839% \/ 3.508771929824561% 3.508771929824561% 3.508771929824561% 3.508771929824561%\" id=\"el-399d2834-5e29-42a5-a4cb-ac3aa1371277\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-1.959876543209877% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.809061em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Revenue<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:82.68608%;width:77.6699%;height:15.69579%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.625% 0.625% 0.625% 0.625% \/ 2.0618556701030926% 2.0618556701030926% 2.0618556701030926% 2.0618556701030926%\" id=\"el-59f3fcf0-9334-46b6-bdae-a8075a8f4806\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.7143749999999999% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.291262em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span>Revenue or income is what you bring from your products or services sales.<br \/>\nIt is the money (when realized) you have<br \/>\navailable to cover your expenses<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"39537f3d-7bcb-4b91-bdb8-07b1c9143a84\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-7efa9dea-39cb-41b2-a8d0-1979a1ab3f86\">\n<div style=\"position:absolute;width:100.07446%;height:100%;left:-0.03723%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-7-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5aa0bdf8-1279-4a2a-a44d-fa781a0ba514\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:21.60194%;top:2.42718%;width:43.4466%;height:8.41424%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:1.1173184357541899% 1.1173184357541899% 1.1173184357541899% 1.1173184357541899% \/ 3.8461538461538463% 3.8461538461538463% 3.8461538461538463% 3.8461538461538463%\" id=\"el-adee607b-2fd5-4127-aa1f-243b9d72993c\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-3.1927374301675977% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.728155em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Cost of<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:21.60194%;top:10.84142%;width:62.13592%;height:8.41424%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.78125% 0.78125% 0.78125% 0.78125% \/ 3.8461538461538463% 3.8461538461538463% 3.8461538461538463% 3.8461538461538463%\" id=\"el-edf63bda-fb32-460f-88a4-8ef5f54beb19\">\n<h1 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-2.232421875% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.728155em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Goods Sold<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:21.60194%;top:21.68285%;width:66.74757%;height:23.78641%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7272727272727273% 0.7272727272727273% 0.7272727272727273% 0.7272727272727273% \/ 1.3605442176870748% 1.3605442176870748% 1.3605442176870748% 1.3605442176870748%\" id=\"el-d21cc246-ec20-4ca0-8c60-b9a56b82f9d7\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.746590909090909% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.291262em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span>Various direct costs are associated with selling your product or services. This is an important element of P&amp;L that reflect what it costs you to sell your products or services truly.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"766359c1-5600-4c26-820f-434eb1b6693b\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-cf4a481f-c951-4ee5-bb1c-602a32054687\">\n<div style=\"position:absolute;width:100.07446%;height:100%;left:-0.03723%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-8-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-97014bbf-fc72-4590-9c8c-4d9da10bf0ba\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:75.40453%;width:80.82524%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6006006006006006% 0.6006006006006006% 0.6006006006006006% 0.6006006006006006% \/ 3.278688524590164% 3.278688524590164% 3.278688524590164% 3.278688524590164%\" id=\"el-07e7295f-92a6-4767-bfd8-c2ffad8771ad\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-2.021321321321321% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.857605em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Gross Profit<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:86.56958%;width:80.82524%;height:12.13592%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6006006006006006% 0.6006006006006006% 0.6006006006006006% 0.6006006006006006% \/ 2.666666666666667% 2.666666666666667% 2.666666666666667% 2.666666666666667%\" id=\"el-04f49085-ed6f-4b4a-bf79-3abe808b6e12\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.7246246246246247% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.307443em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span>Your gross profit is what you have left after you have deducted your cost of goods sold from your revenue.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"bf253622-eacc-4e9a-9854-0543eb8b99fe\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-e76c98ed-346b-400d-808b-8bd00e1d5e32\">\n<div style=\"position:absolute;width:100.07446%;height:100%;left:-0.03723%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-9-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f63d50ef-1354-43b5-b27c-91107c0d61e5\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:4.61165%;top:23.13916%;width:90.29126%;height:15.04854%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5376344086021506% 0.5376344086021506% 0.5376344086021506% 0.5376344086021506% \/ 2.1505376344086025% 2.1505376344086025% 2.1505376344086025% 2.1505376344086025%\" id=\"el-ffebe436-a8cd-4725-8b56-f498ceee5b9d\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.819354838709677% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.388350em;line-height:1.4;text-align:center;padding:0;color:#000000\"><span>Try TallyPrime&#8217;s insightful business reports for confident business decisions<\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:31.79612%;top:42.23301%;width:41.01942%;height:7.76699%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-677fad6e-ff9a-4c21-ba61-a5986209897b\"><a href=\"https:\/\/tallysolutions.com\/business-software-7day-free-trial\/?strCampaignID=13380\/\" data-tooltip-icon=\"https:\/\/tallysolutions.com\/wp-content\/uploads\/2020\/05\/Website-min.jpg\" data-tooltip-text=\"TallyPrime Business Software 7-Day Free Trial | Tally Solutions\" target=\"_blank\" rel=\"noreferrer noopener\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\"><\/p>\n<div style=\"position:absolute;width:100%;height:118.05148%;left:0%;top:-9.02574%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/tallysolutions.com\/wp-content\/uploads\/2023\/06\/FREE-TRIAL.png\" alt=\"\"><\/amp-img><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"099ae606-9dea-430b-8aa7-c5d245ab030f\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-96745133-7a06-4b73-befe-da946c8727d5\">\n<div style=\"position:absolute;width:100.07446%;height:100%;left:-0.03723%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-1-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-861eac7d-a7bf-48e9-936d-10acf72652ca\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.8932%;top:78.31715%;width:80.33981%;height:19.7411%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6042296072507553% 0.6042296072507553% 0.6042296072507553% 0.6042296072507553% \/ 1.639344262295082% 1.639344262295082% 1.639344262295082% 1.639344262295082%\" id=\"el-3f6f0bdf-9e74-49d2-a9f6-3cbe43fb0b58\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.6906344410876132% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.291262em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span>All non-production expenses, such as<br \/>\nrent, utilities, and marketing, fall under<br \/>\noperating expenses. Analysing them can<br \/>\nhelp identify areas where costs can be<br \/>\nreduced to improve profitability.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:57.44337%;width:76.69903%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6329113924050633% 0.6329113924050633% 0.6329113924050633% 0.6329113924050633% \/ 3.3333333333333335% 3.3333333333333335% 3.3333333333333335% 3.3333333333333335%\" id=\"el-e442e59c-6cce-469a-8890-14df7ba39b52\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.4443037974683544% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.841424em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Operating<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.8932%;top:67.1521%;width:73.30097%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6622516556291391% 0.6622516556291391% 0.6622516556291391% 0.6622516556291391% \/ 3.3333333333333335% 3.3333333333333335% 3.3333333333333335% 3.3333333333333335%\" id=\"el-9ea05760-ccf9-4b66-b735-98eeca1fd8d5\">\n<h1 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.4649006622516556% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.841424em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Expenses<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"2869bacc-816f-4c9f-923d-3f7eaf35110e\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-625d8a53-75fe-4f53-a7b9-ea56127d2aff\">\n<div style=\"position:absolute;width:100.20684%;height:100%;left:-0.10342%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-2-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f0975fe6-bf37-4a69-8826-2e0748b111ae\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.63107%;top:26.53722%;width:67.47573%;height:23.6246%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7194244604316548% 0.7194244604316548% 0.7194244604316548% 0.7194244604316548% \/ 1.36986301369863% 1.36986301369863% 1.36986301369863% 1.36986301369863%\" id=\"el-33e1a7fe-5e80-44a2-a3fe-d141b2733344\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.8223021582733812% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.291262em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span>Finally, check the net profit or loss to determine if the business is profitable. The company must make changes to reduce expenses or increase revenue if it is making a loss.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.63107%;top:6.47249%;width:76.69903%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6329113924050633% 0.6329113924050633% 0.6329113924050633% 0.6329113924050633% \/ 3.3333333333333335% 3.3333333333333335% 3.3333333333333335% 3.3333333333333335%\" id=\"el-b3ee87a0-4969-4174-aed2-6eb4c3f4b09c\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-2.0898734177215186% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.841424em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Net Profit<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:20.63107%;top:15.04854%;width:48.54369%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:1% 1% 1% 1% \/ 3.3333333333333335% 3.3333333333333335% 3.3333333333333335% 3.3333333333333335%\" id=\"el-f51aa6b3-dcb2-4aff-9a95-02cc22782cd8\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-3.365499999999999% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.857605em;line-height:1.4;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">or Loss<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"149d5884-df9d-426b-a33d-8342a092f1cd\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-12131887-6a16-4bdd-a92c-04b6de5a5c84\">\n<div style=\"position:absolute;width:100.07446%;height:100%;left:-0.03723%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/5-things-you-have-check-on-profit-loss-3-2.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-8b3be1b6-bc44-47fb-be4b-687039648f84\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:4.36893%;top:-4.53074%;width:14.32039%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-8d518d50-1cfa-4a07-81b5-8dc2b916fe6c\">\n<div style=\"position:absolute;width:109.47157%;height:100%;left:-4.73579%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/TALLY-LOGO_-1.png\" alt=\"\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:39.56311%;top:70.87379%;width:52.6699%;height:10.19417%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.9216589861751152% 0.9216589861751152% 0.9216589861751152% 0.9216589861751152% \/ 3.1746031746031744% 3.1746031746031744% 3.1746031746031744% 3.1746031746031744%\" id=\"el-5befe175-77c2-4ec8-aa12-883e181b5a39\"><a href=\"https:\/\/tallysolutions.com\/web-stories\/how-to-decode-the-balance-sheet\/\" data-tooltip-icon=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/Artboard-1-copy-3.png\" data-tooltip-text=\"How to Decode the Balance Sheet? - Tally Solutions\" target=\"_blank\" rel=\"noreferrer noopener\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\"><\/p>\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-1.4046082949308747% 0;font-family:&quot;Asap&quot;,sans-serif;font-size:0.388350em;line-height:1.4;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">How to Decode the<\/span><br \/>\n<span style=\"font-weight: 700\">Balance sheet?<\/span><\/span><\/h3>\n<p><\/a><\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:9.46602%;top:70.87379%;width:30.09709%;height:11.97411%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-9a8a84f9-31bf-41e9-8335-49e499d2e8c7\"><a href=\"https:\/\/tallysolutions.com\/web-stories\/how-to-decode-the-balance-sheet\/\" data-tooltip-icon=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/Artboard-1-copy-3.png\" data-tooltip-text=\"How to Decode the Balance Sheet? - Tally Solutions\" target=\"_blank\" rel=\"noreferrer noopener\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\"><\/p>\n<div style=\"position:absolute;width:110.93561%;height:100%;left:-5.4678%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/resources.tallysolutions.com\/wp-content\/uploads\/2023\/10\/Decode-the-balance-sheet-b_text-8.png\" alt=\"\"><\/amp-img><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>5 key business insights to check in Profit and loss account<\/p>\n","protected":false},"author":71,"featured_media":124931,"template":"","meta":{"inline_featured_image":false,"web_stories_products":[],"web_stories_publisher_logo":130420,"web_stories_poster":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-123365","web-story","type-web-story","status-publish","has-post-thumbnail","hentry","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Things You Should Check on Profit &amp; Loss A\/C - Tally Solutions<\/title>\n<meta name=\"description\" content=\"5 key business insights to check in Profit and loss account\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tallysolutions.com\/web-stories\/5-things-you-should-check-on-profit-and-loss-a-c\/\" \/>\n<meta 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