Profit and loss: a financial view of revenue, costs and the resulting profit or loss over a period.
A profit and loss view brings together revenue and the costs associated with a reporting period to show the resulting profit or loss. Reviewing it involves looking beyond the final result to understand which income and expense categories contributed to that outcome. Comparing periods or reviewing results against a budget can help identify areas requiring action. Profit and loss describes performance over time, so the period covered matters. It differs from a cash balance, because reported income and expenses do not necessarily coincide with receipts and payments.
In job listings
Diesel’s Store Manager role in Toronto required reviewing profit and loss reports monthly and developing action plans for expense controls when needed. This connects the financial report to a specific management task: using the monthly results to decide whether spending requires further attention. Search local jobs for “p&l”.
