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Managing payroll isn’t just about issuing paychecks on time; it’s about doing it in a way that aligns with federal and state regulations, ensures fairness, and supports your team. Throw benefits into the mix, with their variety of options and constantly changing rules, and it's easy to see why many businesses struggle.

A Profit & Loss (P&L) statement, also known as an income statement, is one of the most essential financial documents for any business. It provides a snapshot of your company’s revenues, costs, and expenses over a specific period, helping you gauge profitability and financial health. But if you’re not an accountant, reading a P&L can feel like deciphering another language.