profit and loss
noun
: a summary account used at the end of an accounting period to collect the balances of the nominal accounts so that the net profit or loss may be shown
Examples of profit and loss in a Sentence
Recent Examples on the Web
The role of managing profit and loss (P&L) requires handling the increases and decreases in revenue and costs, and having a holistic understanding of the organization and expenses.
—
Sheryl Estrada, Fortune, 19 Jan. 2024
The fact is that 95% of humanity (i.e., the less affluent majority) and the health of the planet don’t fit into the industry’s calculations of profit and loss.
—Jim Fruchterman, The Mercury News, 20 Mar. 2024
Next, dive into your profit and loss statement, meticulously analyzing your annual and ongoing turnover while setting aside funds for taxes.
—Bianca Barratt, Forbes, 29 Feb. 2024
Forecasting Understanding the nuances between reviewing your profit and loss (P&L) statement and forecasting is crucial.
—Evan Kirkpatrick, Forbes, 26 Feb. 2024
And Loss Statements: Start by closely analyzing the business’s profit and loss statements.
—Richard Gusmano, Forbes, 12 Feb. 2024
For mid-level company workers, issues include less access to sponsorship and profit and loss duties, which are vital for promotions.
—Sunny Nagpaul, Fortune, 9 Feb. 2024
While retailers can feel good about their profit and loss statements, our collective balance sheet isn’t looking so good.
—Phillip Molnar, San Diego Union-Tribune, 8 Dec. 2023
For business owners, a mini tax return involves gathering financial documents, calculating your income and deductions, and preparing your balance sheets and profit and loss statements to get a clear idea of where your business stands.
—Karla Dennis, Forbes, 28 Nov. 2023
Sheryl Estrada, Fortune, 19 Jan. 2024
The fact is that 95% of humanity (i.e., the less affluent majority) and the health of the planet don’t fit into the industry’s calculations of profit and loss.
—Jim Fruchterman, The Mercury News, 20 Mar. 2024
Next, dive into your profit and loss statement, meticulously analyzing your annual and ongoing turnover while setting aside funds for taxes.
—Bianca Barratt, Forbes, 29 Feb. 2024
Forecasting Understanding the nuances between reviewing your profit and loss (P&L) statement and forecasting is crucial.
—Evan Kirkpatrick, Forbes, 26 Feb. 2024
And Loss Statements: Start by closely analyzing the business’s profit and loss statements.
—Richard Gusmano, Forbes, 12 Feb. 2024
For mid-level company workers, issues include less access to sponsorship and profit and loss duties, which are vital for promotions.
—Sunny Nagpaul, Fortune, 9 Feb. 2024
While retailers can feel good about their profit and loss statements, our collective balance sheet isn’t looking so good.
—Phillip Molnar, San Diego Union-Tribune, 8 Dec. 2023
For business owners, a mini tax return involves gathering financial documents, calculating your income and deductions, and preparing your balance sheets and profit and loss statements to get a clear idea of where your business stands.
—Karla Dennis, Forbes, 28 Nov. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'profit and loss.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Profit and loss.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/profit%20and%20loss. Accessed 2 May. 2024.
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