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Otherwise you have to write a P&L statement then pay someone to audit it. A fully audited P&L is a financial statement signed by a public accounting firm. They come in and look at your books and certify that your B/S, P&L, SOCF, Shareholder's Equity and footnotes are materially accurate.
P/L, or P&L, stands for profit and loss statement. It is one of three key financial statements for a business. The other two statements are the balance sheet and statement of cash flows. The P/L calculates the profit or loss for a time period, usually a month or year.It shows whether the business is generating cash and making money or losing money.hese expenses are known as the cost of goods sold on the P/L. For analytical purposes cost of goods sold is expressed as a percentage of revenue. For example, if revenue is $1,500 for the month and the cost of goods sold is $800, the percentage would be 53 percent.