Select Page

Boise Idaho Business Guide: P&L Statement Guide

You have likely heard of the term P&L statements, or profit and loss statement. This name is thrown around a lot when discussing your Idaho business with financial people.

But what does a P&L really mean?

This statement is a report that measures the operations of your Idaho business over a given period, such as a week, month or a year. The person who prepares the P&L (you or your accountant) adds up your business revenue (total sales) and subtracts the operating expenses (all expenses). What’s left over are either the profit you made or your total losses for that time-frame.

Click for Boise Payroll Service Click to Form an Idaho Business