Net income (profit or loss) A P&L focuses only on income and expenses for a specific period. It doesn’t include your business’s assets, liabilities, or equity — those appear on your balance sheet.

The 12-Month Profit and Loss Projection Worksheet is used by companies to project profits and losses for up to 12 months in the future.

Gross profit is a company's remaining profit after ... with the cost and expense items on a non-standardized balance sheet that may or may not factor into gross profit calculations.

On a company’s income statement, also called its profit and loss statement ... losses on equity investments must be recognized in the calculation of net income. If a company owns a substantial ...

Can you make your own profit and loss statement? After entering your sales and expenses into QuickBooks, Peachtree or the like, the software will generate a P&L statement for you. However, you can ...