Does Pl Mean Income Statement?
Your company’s interest expenses and income, if applicable, are part of your P&L. The former is the amount of interest you pay on loans, while the latter is the money coming in from certificates of deposit, money market accounts, and similar interest-bearing sources.
Why does my P & L show no cash?
No cash is exchanged, no value is exchanged. The problem is that when we create an invoice with a retention line, the cash P&L shows income of 10% of the invoice. I would really like to keep track of our retention amounts for forecasting purposes.
