There You’ll sometimes see profit and loss statements called an income statement, statement of operations, or statement of earnings. Common size profit and loss statements can help you compare trends and changes in your business. Income Accounts vs Expenditure Accounts. P&L statements can be created to analyze and Download our free Excel Profit and Loss (P&L) template to effortlessly track your business finances. There are various other terms that can be used to describe this document All borr