Co-founder and Managing Editor of Businessing Magazine. Content Strategist and multi-function copywriter at Modmacro℠, specializing in marketing communications for small businesses and non-profits.
What is a P&L, or Profit and Loss Statement?
A P&L is a financial statement that summarizes all the revenues, costs and expenses that a business has incurred over a period of time. The P&L is a helpful snapshot of the company’s ability to generate profits, either by increasing revenues or by reducing costs and expenses. Usually …
