A YTD (Year-to-Date) Profit & Loss Statement shows the affiliate business’s revenue, costs, and net profit for the current year. This helps funders assess the financial performance of each affiliate business you own 20% or more of. It shows how well the business is doing and if it can meet financial obligations.
This statement can be provided by your CPA, downloaded from your bookkeeping software, or filled out utilizing our attached template.
This document should include:
Revenue: The total income earned by the business.
Costs: The expenses the business has incurred.
Net profit: The remaining profit after subtracting costs from revenue.
This statement helps funders understand the financial health of your affiliate businesses, which is crucial in evaluating your business financing application.