Shutterstock A company’s statement of income is often called its profit and loss (P&L) statement ... but some companies might publish monthly P&Ls. Public companies produce P&L statements ...

But if you’re not careful, it’s easy for expenses to spiral out of control — and you could end up making little to no profit. That’s why every business should track revenue and expenses with a profit ...

Accumulate all expense and revenue records throughout the month and turn them into a profit-and-loss statement, also called a financial statement or a statement of earnings. Gather carrier ...