What is a P&L statement? 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 ...

How profit and loss (P&L) statements work QuickBooks Online. FreshBooks. Xero. Wave Accounting. Zoho Books. Sage Accounting. Oracle NetSuite. the best accounting software accounting apps ...

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.