The Profit and Loss 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 of time. The P&L will inform whether the business made or lost money for the period under review. The statement typically starts with all revenue earned throughout the course of ordinary business activities and subtracts out expenses. 

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.

Fathom allows you to view your Profit & Loss in two different layouts; the standard P&L layout and the EBITDA layout. Both of these statement layouts are available in the ‘Financials’ Analysis tool area and in 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 up with Gross Profit. From here the statement subtracts the remaining expenses, as well as adding any remaining income to arrive at retained income. 

Proceed 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 EBITDA layout, starts with revenue from operating activities, and breaks out the income before interest, tax, depreciation and amortisation as a separate line item before continuing on to subtract the remaining expenses and ending with Net income and Retained Income. 

EBITDA is used by businesses and accountants to analyse a company's operating profitability before non-operating expenses (such as interest and "other" non-core expenses) and non-cash charges (depreciation and amortisation). This can provide an indication as to the health of the core business. 

You are able to access your Profit and Loss from the following locations within Fathom:

You’re able to dynamically view your Profit and Loss from the Financials Analysis tool

You’re able to add a Profit and Loss financial table to your customisable Fathom reports

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