Profit and Loss Statement (P&L)

A profit and loss statement (P&L or income statement) is a financial statement summarising a company's revenues, costs, and expenses over an accounting period — showing whether the business made a profit or a loss.

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Structure of a P&L

Revenue → minus Cost of Goods Sold (COGS) = Gross Profit → minus Operating Expenses = Operating Profit (EBIT) → minus Interest and Taxes = Net Profit.

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P&L and UAE Corporate Tax

The P&L is the starting point for calculating taxable income under UAE corporate tax rules — adjusted for disallowed expenses and qualifying income for free zone entities.

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Monthly P&L for UAE Business Owners

A monthly P&L is the most important document for a UAE business owner — showing profitability, cost drivers, and which services generate value. It forms the core of your monthly management accounts.

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How Finanshels Prepares Your P&L

Finanshels delivers a monthly P&L as part of every management accounts package — in clear language for founders, not accountants. See our bookkeeping and accounting services.

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