Accumulate all expense and revenue records throughout the month and turn them into a profit-and-loss statement, also called a financial statement or a statement of earnings. Gather carrier settlement ...

Mike Anderson says labor gross profit only makes sense when shops understand how employee costs are reflected in their P&L.

A basic understanding and ability to analyze a company's profit and loss statement, also known as an income statement, is an essential skill for any investor. The profit and loss statement is an ...