A profit-and-loss statement is also typically referred to as an income statement. Prepare a profit-and-loss statement to identify the source of your expenses and the comparison of revenues to the ...

Owner's distributions are earnings that an owner withdraws from a business based on the profit that the company has generated. Business owners may withdraw profits via distributions for personal use, ...

Don’t trust your P&L. You need to know how to read deeper into the story it’s telling you. Here are 5 ways your P&L might just be misleading you into dangerous financial waters. That’s when I had to ...