What is a YTD profit loss statement?


Quick Answer

A year-to-date profit loss statement is a document that shows the incoming and outgoing money from January 1 of the current year to the date the document is being prepared. This statement is a tool used by business owners to determine whether or not the business is lucrative.

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Full Answer

Prospective investors use this document to help decide whether or not to invest in a company. The YTD profit loss statement can be prepared at any time during the business year to help the owner determine where money is being overspent or what aspects of the business are bringing in the most profit.

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