P&L

How it is used

Said 'P and L' and very common in meetings, especially in trading and management. A manager 'owns the P&L' of a unit, a trader checks the daily P&L, and costs that reduce profit 'hit the P&L'. Formal reports prefer 'income statement' or 'statement of profit or loss'.

Example sentences

1. The new provisions will hit our P&L this quarter.

2. Each branch manager is responsible for the branch P&L.

Common collocations

• P&L impact
• hit the P&L
• own the P&L
• daily P&L
• P&L statement

Related terms

• income statementA financial statement showing a company's revenue, costs and profit or loss over a period, such as a quarter or a year.
• profitMoney a business earns after subtracting its costs from its revenue. When costs are higher than revenue, the result is a loss.
• expenseMoney that a business spends, or a cost it records, in order to run its activities and earn revenue, such as salaries, rent or interest.
• revenueThe total income a company receives from its normal business activities, such as selling goods or services, before any costs are deducted.
• net incomeWhat is left of a company's revenue after all costs, interest, taxes and other expenses are deducted. When it is negative, it is called a net loss.

More terms: Financial Statements

• balance sheet
• asset
• liability
• equity
• write off
• depreciation
• EBITDA
• in the red
• annual report
• audit
• fiscal year
• receivables