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Is a profit and loss statement the same as an income statement in Quickbooks?


My banker needs an 'income statement' from me, but Quickbooks doesn't have the option of generating an 'Income Statement'. Quickbooks does however, have the option of generating a Profit and Loss statement. Is this basically the same thing?

538 day(s) ago

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kimkimcpa 		Yes, it's the same thing.

Posted 538 days ago

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NessaCPA 		A year to date P&L is basically the same thing as an income statement generated by QuickBooks. Give your banker a call and verify that a P&L is what you'll be delivering. It depends on what he's doing with the information, but a P&L is probably what he wants (I'm guessing he's doing quarterly taxes).

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mikebadj 		no its not profit u win loss statement u lose

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LoveDukeDog 		Profit and Loss, Income Statement, both are the same....

Like down in the south we call Coke & Pepsi: Soda....

in the north they call it: Pop

same thing with P&L and IS.

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Question Title Is a profit and loss statement the same as an income statement in Quickbooks?
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