Shutterstock A company’s statement of ... of a company’s profit or loss. Revenue and expenses are shown when they occur, not when the money actually moves into or out of the company’s ...

But if you’re not careful, it’s easy for expenses to spiral out of control — and you could end up making little to no profit. That’s why every business should track revenue and expenses with a profit ...

The equation for working out gross ... Net profit – this is calculated by taking the expenses away from the gross profit. This is the final part of the profit and loss account.