Laura Pomfret has a handy budget template to help manage your finances, like a 'profit and loss' account. Here is the budget ...

A profit and loss statement, or income statement, is a financial document commonly prepared by a business to reflect the profitability of the business during a specific period of time. For example, a ...

One important form for growing businesses is called the trading profit and loss account. This account is a broad review of the profits a business made in an annual period, and can be divided into the ...