The Profit and Loss, or Income Statement, is a financial statement typically presented alongside a Balance Sheet and Statement of Cash Flow.

Usually produced monthly, the Profit and Loss (P&L) measures a company's sales and expenses over a specified period. The statement typically starts with all revenue earned throughout ordinary business activities and subtracts expenses. The P&L will inform whether the business made or lost money for the period under review.

Other terms used to describe the Profit and Loss include: statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

All companies in Fathom have access to Summary Reports. You can add a summarised version of your Profit and Loss to Summary Reports generated from the Insights Dashboard.

For companies on a Fathom Pro plan, you can access their Profit and Loss in additional ways:

You can view your Profit and Loss from the Financials Analysis tool.

Add a Profit and Loss financial table to your customisable Pro Reports.

You can download Financial Results for your Profit and Loss from Fathom’s Excel Reports.

Fathom allows you to view your Profit & Loss in two different layouts; the standard P&L layout and the EBITDA layout. These statement layouts are available in the 'Financials' Analysis tool area and the Fathom Report Centre.

Closely aligned to statutory reporting, the standard P&L starts with all revenue from operating activities and subtracts operating expenses to end with Gross Profit. Then, the statement subtracts the remaining expenses and adds any remaining income to arrive at retained income. 

You can go to the bottom of this article for more information on where to find your Profit and Loss within Fathom.

 EBITDA, or earnings before interest, tax, depreciation and amortisation, is a metric commonly used by accountants and analysts to determine the profitability of the core business. 

Fathom’s EBIT starts with revenue from operating activities and breaks out the income before interest, tax, depreciation and amortisation as a separate line item before subtracting the remaining expenses and ending with Net and Retained Income. 

EBITDA is used by businesses and accountants to analyse a company's profitability before non-operating expenses such as interest and non-cash charges (depreciation and amortisation). EBITDA can indicate the health of the company's operational performance.

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