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Get your profit and loss explained in plain English
Your accountant has sent a P&L or year-end accounts and you nod along without really knowing what it says. Get each line explained using your numbers, plus the three questions to ask them.
The problem
Accounts use words like gross margin, accruals and retained earnings. You can't tell whether a good-looking year was really good, or why there's profit on paper but no money in the bank.
The outcome
Your accountant has sent a P&L or year-end accounts and you nod along without really knowing what it says. Get each line explained using your numbers, plus the three questions to ask them.
The prompt · ChatGPT
Explain my profit and loss (or accounts) in plain English. My business: [what you do, sole trader or limited company] The figures: [paste the P&L or accounts, including last year if shown]
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A short example
Your accountant has sent a P&L or year-end accounts and you nod along without really knowing what it says. Get each line explained using your numbers, plus the three questions to ask them.
This does not give tax advice. The books stay in the accounting system.
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