Adding rows for every expense the company incurs is important for several reasons. Firstly, it helps in accurately determining the gross historical expenses of the company. Secondly, it aids in predicting future expenses based on past data. Lastly, it is crucial for calculating the profit margin, which is done by subtracting total expenses from total income. This detailed record of expenses can also help in making allowances for major one-time purchases or gross expenses if necessary.
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