It's important to let potential buyers know if your business is profitable, and if so, show them just how profitable it is. The Profit and Loss statement is the easiest way for someone that is interested in buying your business to understand this at a glance.
What is a profits and loss statement?
The Profits and Loss statements (P&L, Income Statement, or Statement of Earnings) is a summary of your business' total profits and expenses for a specific period of time. This statement gives you the bottom line profit or net loss of your business.
How do I get a profit and loss statement?
You can easily export and upload your profit and loss statement to your listings using an accounting software.
Both Quickbooks and Xero easily integrate with Shopify, allowing you to quickly calculate your business's profit and generate a P&L statement. Here are instructions on how to do: