Thinking About Buying a Home? Why You Need an Updated Profit & Loss Statement Now

Are you planning to buy a home soon? Whether you're a small business owner, freelancer, or self-employed professional, one of the most important documents your lender will ask for is an updated Profit and Loss (P&L) statement.

Why Is a P&L So Important When Applying for a Mortgage?

Lenders want to see your financial health, and for business owners, your business income often plays a big role in loan approval. A current and accurate P&L gives them a clear picture of your revenue, expenses, and net income. It helps prove your ability to afford monthly mortgage payments—especially if you don’t receive a traditional paycheck.

What Happens If You Don’t Have One?

If you’re scrambling to gather documents at the last minute, an outdated or incomplete P&L could delay your approval—or even cost you the home of your dreams. Many lenders now require a year-to-date P&L, sometimes even monthlybreakdowns, especially if it’s past the first quarter of the year.

Let a Bookkeeper Help You Get Mortgage-Ready

At [Your Business Name], we specialize in helping small business owners stay financially organized. We’ll prepare a clean, up-to-date P&L that reflects your true income, giving your lender confidence and speeding up your approval process.

Whether you're actively house-hunting or just getting your finances in order, having a professional bookkeeper by your side makes a difference.

Need an Updated P&L for Your Home Loan?
Contact NOLA Bookkeeping LLC today — we’ll get your books in order so you can focus on your next big move!

📞504-457-8222
📧 Sissy@nolabookkeepingllc.com
🌐 www.NolaBookkeepingllc.com