The Profit and Loss Account Explained for Business

The 'Profit and Loss Statement' (P&L), or ‘Income statement’ is one of the three major Financial Statements.

The 'Profit and Loss Statement' (P&L), or ‘Income statement’ is one of the three major Financial Statements.

In this video, you'll find out what the Profit and Loss statement is and how you can use it to measure a business's financial health.

Here are a few insights you’ll hear in today’s show…

  • What is a Profit and Loss Statement and why it is one of the important financial statements of a business?
  • Sections of a Profit and Loss Statement and explanation of terms
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About the Author

Annette Ferguson 

Owner of Annette & Co. - Chartered Accountants & Certified Profit First Professionals. Helping online service-based entrepreneurs find clarity in their numbers, increase wealth and have more money in their pockets.

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Written by Annette Ferguson, MA(Hons) CA
Chartered Accountant | Certified Profit First Professional

15+ years helping UK businesses implement profitable financial systems

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