P&L Management (Profit and Loss Management) 

P&L Management refers to the oversight and control of a company’s Profit and Loss (P&L) statement, which tracks revenues, costs, and expenses over a specific accounting period — usually monthly, quarterly, or annually. It is a core responsibility of business leadership to ensure that financial performance aligns with organizational goals by actively managing both income and expenditures. 

P&L management involves: 

• Forecasting revenues based on sales trends and market conditions. 

• Controlling operating expenses, overhead, and cost of goods sold (COGS). 

• Analyzing gross profit, operating income, and net profit margins. 

• Identifying financial inefficiencies and taking corrective actions. 

• Reviewing financial performance against budgets and previous periods. 

Strong P&L management improves profitability, cash flow management, and long-term financial planning. It helps organizations identify high-performing revenue streams, unprofitable operations, and opportunities for cost savings or revenue optimization.