How Do You Read a P & L?

How Do You Read a Profit & Loss (Income) Statement?

I know it looks like a lot of gobbledygook but the numbers on this page are telling you the story of your business for the past month or even the past year. It is letting you know your wins and losses.

In this section we will take a quick look at the 3 key chunks of the P&L and some key Profit lines. In the next sections, we will break each one down further.