Definition
A profit and loss (P&L) report, also known as an income statement, summarizes a company�s revenues, costs, and expenses during a specific period, showing the net profit or loss.
Related Services
Financial reporting, accounting, and business analysis services help businesses prepare accurate P&L reports to track performance and make informed decisions.
Problem and Application
A P&L report provides critical insights into a company�s financial health, helping managers make decisions related to cost control, pricing, and growth strategies.
Conclusion
The P&L report is an essential financial tool for assessing profitability and guiding business decisions to ensure sustainable growth.
