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.

This number is already on our profit and loss spreadsheet and shows up as the "bottom line". We have not yet discussed some other important balance sheet items such as fixed assets (our furniture and ...

Shutterstock A company’s statement of income is often called its profit and loss (P&L) statement. It lists revenues, expenses, and net profit for the period covered. There are typically ...

Data found in the balance sheet, the income statement ... The cash flow statement is linked to the income statement by net profit or net loss, which is usually the first line item of a cash ...