Profit before taxes It refers to the profit

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Main accounts that make up the income statement The income statement is made up of nine accounts that seek to answer questions such as what the company sells, how much it is selling, how expenses are managed, the profits it is generating and more. Do you want to know what these accounts are? Below we explain them to you: 1. Sales The first data found in an income statement is this and corresponds to all the income that a company has in a certain period that is being analyzed. 2. Sales costs It refers to the amount of money that the company had to pay for the product or service it offers: indirect labor, logistics expenses, among others. ADVERTISEMENT 3. Gross profit Because it is the difference between sales and cost of sales, it indicates what the company is earning in gross terms with the product or service it offers. 4.

Administrative or operating expenses The expenses Telegram Number Data involved in the operation of the organization are included, such as: the rent of the premises, basic services, payroll without commissions, among others. This also includes marketing and advertising expenses. 5. Operating profit It is the indicator that measures the profit generated by a company without taking into consideration taxes, financial expenses or other types of accounting expenses that do not imply an outflow of real money from the organization. And it is calculated by subtracting the gross profit and operating expenses. 6. Financial expenses These are the payments that must be covered by way of interest from bank fees or a loan.



Profit before taxes It refers to the profit or loss that a company has after the financial and operational commitments are covered, but does not take into consideration the income tax. ADVERTISEMENT 8. Tax They are all the contributions that the company makes to the government in which it operates on the profits it has generated. 9. Net profit It is the result that the company obtained after having met its operating, financial and tax expenses. How to obtain the income statement? To obtain the income statement, the 9 accounts mentioned above are used, and broadly speaking, it is obtained by following the steps explained below: The period to be analyzed is chosen.