A profit and loss statement (P&L), also known as an income statement, provides a summarized view of a company's financial performance over a specific period. It lists revenue, ...

P&L Statement vs. Balance Sheet. A profit and loss statement shows the company’s income, expenditures and profitability for the period. The balance sheet shows current assets and liabilities at the ...

A P&L statement is a financial report that summarizes a company’s revenue, expenses and profit or loss over a fiscal year or quarter. When you read a P&L statement, you’ll see whether the company is ...

The profit-and-loss statement example from ATBS that follows includes valuable operating information -- percentage of revenue calculations for expenses, for instance.

The income statement, also known as the profit and loss statement, is an important tool as it calculates the profitability or loss of a business. Newsletters Games Share a News Tip.

Profit and loss statements are one of the main financial statements your business will rely on. Let’s look deeper into what a P&L statement is and how it can help your business succeed.