Anciens Huang / Getty Images The balance sheet and the profit and loss (P&L) statements are regularly issued by companies. Such statements provide an ongoing record of a company's financial ...

That’s why every business should track revenue and expenses with a profit and loss (P&L) statement. A P&L statement helps you measure your company’s financial health and see how your business is ...

This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

On a company’s income statement, also called its profit and loss statement, you’ll find net income near the bottom. Net income is a critically important metric that investors must understand ...