What is the Profit and Loss?

Written By Damion Viney

The Profit and Loss is a report that shows Revenue minus Expenditure for a period of time.

An analogy for the Profit and Loss is that it is a record of all the sales and purchasing in business over a certain period.

If revenue is greater than expenditure we will see a Profit. If it is less we see a Loss.

Damion Viney

Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers. 

linkedin.com/damion-viney

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