Finance & Moneyintermediate
P&L Statement
Profit and Loss Statement
Definition
A financial report summarising your revenues, costs, and expenses over a specific period, showing whether your business made or lost money.
Why it matters
A P&L is the most important financial document in your business. It tells you what's working, what's costing you money, and whether your business model is actually viable.
Example
Your monthly P&L shows: Revenue £8,000 | COGS £2,400 | Gross Profit £5,600 | Overheads £2,100 | Net Profit £3,500. Clean and simple.
Related terms
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