Can you make your own profit and loss statement? After entering your sales and expenses into QuickBooks, Peachtree or the like, the software will generate a P&L statement for you. However, you can ...

Let's prepare a profit and loss statement using the sales forecast developed earlier. The sales figures will give us our "top line", i.e. the total revenue (or "Gross Revenue") that we might be able ...

This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

Also referred to as a profit and loss statement. By combining these elements ... Raw material is purchased to create a finished product. Work-in-progress is inventory that is partially assembled.