Shows the revenues, expenses, and resulting profits or losses over a specific period of time. It provides a summary of the financial performance during that period.

The P&L statement typically covers a specific accounting period, such as a month, a quarter, or a year and usually has:

  • Revenue
  • Costs
  • Gross Profit
  • Operations Expenses
  • Operations Profit
  • Interest income/ expenses
  • Investments
  • Net Income

The profit and loss statement is a valuable tool to understand how the Branch or Club is performing financially. It helps them assess the company’s profitability, identify trends, and make informed decisions regarding future operations.

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