In this article, we will focus on the main PayTraq dashboard, financial indicators and methods of their calculation and evaluation.
The main documents used in accounting are the balance sheet and profit and loss statement. These two documents are the basis for analysis and business planning.
First of all, let us explain what a balance sheet and profit and loss calculation are:
A balance sheet is a financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. An asset is something that is owned by a company, such as property, equipment, inventories, cash balance and accounts receivable. A liability is a source of funds for a company, includes chartered capital, retained profit and debts.
Profit or loss statement is a summary of income and expenditure items of an enterprise during the accounting period. The profit or loss for the accounting period is a...