The ABS function is a simple yet powerful tool in Microsoft Excel for handling data analysis tasks where the direction of the values is irrelevant, and only the magnitude matters. Understand the ...

If you use business software made specifically for this purpose, you may simply have to type in data when prompted by the software. Create a title for your profit and loss statement.

A profit and loss statement, also known as an income statement, is a necessary document for determining the profitability of your bar and reporting taxable income.