Your Profit & Loss report — often called a P&L or Income Statement — is one of the most useful reports in your accounting software. But if you normally open it, glance at the bottom-line profit figure and close it again, you’re probably missing most of its value. A Profit & Loss report tells you much more than whether your business made a profit. When reviewed regularly, it can help you understand where your money is coming from, where it’s going and whether anything is start