profit and loss
Business bottom line
Profit and loss is the net gain or deficit from business operations over a period—revenue minus expenses.
A profit and loss statement (or P&L) summarizes income, costs, and resulting profit or loss: The quarterly profit and loss showed we were finally in the black.
The phrase captures the fundamental binary of business outcomes.
- income statementPeriodic profit-loss report
- financial statementsFormal records of transactions
- financialsMonetary records and reports
- accountingMaintaining financial records
- number crunchingIntensive calculation work
losses · red ink · in the red · cooking the books · earnings · expenses · bottom line · bottom dollar · operating expenses · net income · write-off · break-even · amortization · taxable income · in the black · cash flow · gain · shortfall
- oppositesopposite, opposites, antonym, antonyms, inverse
- documentsdocument, news, email, report, letter
- financebank, CFO, banks, controller, finance
- financial termswealth, asset, currency, balance sheet, audit
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- business accountingaccounts payable, accountant, accounts receivable, accounts, accrual
loss, profit, profits, profitable, nonprofit, profitless, unprofitable, profiting, profited