I prepared the full-year 2025

I prepared the full-year 2025 Profit & Loss statement (January to December) for a small business with multiple income streams, turning raw transactions into a clear report the owner could use to understand profitability.

Scope of work: Set up income categories to separate product sales, service revenue, and other income

Structured Cost of Sales (product purchases, subcontractors, supplies and materials) so gross profit was accurate

Categorized operating expenses, including marketing, bank charges, commissions and fees, subscriptions, insurance, rent, utilities, travel, vehicle costs, and web hosting

Split interest expense by source (credit card and bank loan) and grouped legal and accounting fees under professional fees

Recorded depreciation on the company vehicle so net earnings reflected true costs

Reconciled the P&L with the balance sheet so the two statements agree

Result The owner received a clean, well-organized report showing revenue, gross profit, expenses, and net earnings. It made it easy to see where money was coming from and where it was going, and it was ready for tax preparation, loan applications, and budgeting.