Film, Media & TV1 min ago
profit and loss help
1 Answers
hi, on filling in my pro forma profit and loss, where do i get the 'sales and marketing and other expenses figures from? also what is used to work out the payroll taxes and what is interest expense? many thanks
Answers
Best Answer
No best answer has yet been selected by spdunky. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Not sure exactly what your asking here........
Basically the Sales and Marketing shown in the Expenses would relate to costs associated with marketing your goods / services. Other Expenses figures are just that. The Interest Expense will relate to any interest costs from bank accounts and loans etc for the business.
If you are having problems understanding a Profit and Loss account, I think it best to talk to an accountant, especially if your completing a self assesment tax form etc!
Basically the Sales and Marketing shown in the Expenses would relate to costs associated with marketing your goods / services. Other Expenses figures are just that. The Interest Expense will relate to any interest costs from bank accounts and loans etc for the business.
If you are having problems understanding a Profit and Loss account, I think it best to talk to an accountant, especially if your completing a self assesment tax form etc!