At some point, you’ve probably heard the phrase, “It takes money to make money.” 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 and loss (P&L) statement. A P&L statement helps you measure your company’s financial health and see how your business is really performing. Here’s a look at what a P&L statement is, what it includes, and how to use...