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 ...

Can you make your own profit and loss statement? After entering your sales and expenses into QuickBooks, Peachtree or the like, the software will generate a P&L statement for you. However, you can ...

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.