Forbes contributors publish independent expert analyses and insights. Melissa Houston covers financial issues that affect women in business. How often do you read the profit and loss statement for ...

QUESTION: I've started a small business and things seem to be going well. My accountant gives me P&Ls each month, but I don't really understand how to read them. Do you have any tips?

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, costs and expenses, ...

Every company produces three important financial reporting documents when the fiscal period comes to a close: the balance sheet, cash flow statement, and the profit and loss statement. Among these, ...

What Is a Profit and Loss (P&L) Statement? Your email has been sent Learn how profit and loss (P&L) statements are used and why they are important for businesses in this comprehensive guide. A profit ...