A Profit & Loss (P&L) Statement is a financial statement used to track a company’s revenues and expenses over a given period of time. This document is used to analyze income, costs, and profits for a business or for a specific project.
The P&L statement is a key performance indicator for a company’s financial well-being and is used to evaluate a business’s ability to generate revenues and profits. It is also used to assess how well a business is managing its expenses, and if costs are being properly controlled.
The P&L Statement helps to provide a glimpse into the overall financial health of a business and should be closely monitored by freelancers and businesses alike. In addition to the core financial data, the P&L Statement can also reveal valuable insights about a business’s financial performance, such as the effectiveness of marketing efforts, customer satisfaction, and the overall effectiveness of the business’s strategy.
Get Weekly Freelance Gigs via Email
Enter your freelancing address and we'll send you a FREE curated list of freelance jobs in your top category every week.