BizSugar.com › Finance › Your Small Business Needs a Profit and Loss Statement!

As an owner of a small business, your understanding of the Profit and Loss Statement, or P&L, is absolutely crucial. The P&L is an important tool for all small business owners to possess, utilize, and maintain on a regular basis.

By the end of this article, you should begin to comprehend how absolutely critical the P&L is to the operation of your business