Profit & loss (P&L): definition, example, and why it matters
Also called income statement. Top line = revenue, bottom line = net profit. Monthly P&L is the most useful management report for small trades.
- Short definition. A statement summarizing revenue minus expenses over a period.
- Category. Profit & loss (P&L) is a accounting term used by service businesses when billing customers.
- How Glo Invoice handles it. Glo Invoice builds profit & loss (p&l) into the invoice itself, so you don't track it on paper or in a spreadsheet.
Frequently asked questions
What does profit & loss (p&l) mean?
Also called income statement. Top line = revenue, bottom line = net profit. Monthly P&L is the most useful management report for small trades.
