Business news and opinion from Evans Weir > Tag: P&L

We’re asked this question a lot as these are two of the reports that form part of the regular management information used by most businesses. Whilst they both offer information about the financial performance of the business; they each tell a vastly different story.

A profit and loss, also called a P&L, report is an important financial statement for every business. In summary profit and loss reports detail the company’s financial performance during any given period. It is a statement of the income and expenses, normally divided into categories, that when considered in conjunction with one another, explains how […]