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Actual Results for Profit and LossThe next illustration shows the actual results recorded in that portion of profit and loss, after the end of March. The actual results mean little without comparison to the original P &L budget illustration, above. Unfortunately, many businesses also forget to compare the original plan to the actual results. Especially if business is going well — the operation shows a profit, and cash flow is satisfactory — comparisons with the original budget are made poorly or not at all. Actual Profit and Loss Results
The illustration shows actual results on the actual worksheet. Note how actual sales, costs, and expenses are different from the planned numbers. This is a portion of the full table.
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