An HR Glossary for HR Terms
Glossary of Human Resources Management and Employee Benefit Terms
P and L Statement
What Is a P and L Statement?
A P and L statement, also known as a profit and loss statement, is a financial report that summarizes revenue, costs, and expenses incurred over a fiscal quarter or year. This report is especially useful as it shows a business’s financial health and profitability.
To learn more about P and L statements, view our profit and loss statement glossary entry.