06/06/2026
Your Profit & Loss (P&L) Statement is one of the most important reports in your business. It shows:
✔️ Revenue (what you earned)
✔️ Expenses (what you spent)
✔️ Net Profit (what's left over)
Think of it as a financial report card that tells you whether your business is making money over a specific period.
💡 Reviewing your P&L regularly helps you spot trends, control expenses, and make smarter business decisions.