The income statement, or 'profit-and-loss' (P&L) financial statement, is a report that shows how a construction company's total revenue and expenses add up to either a profit or loss for a given time period. A series of P&L statements can indicate which direction a contractor is trending in and how fast they're getting there. The formula for the P&L is "income minus expenses equals profit (or loss)."
Complete breakdown of every Intuit Enterprise Suite Spring 2026 feature for construction companies. Certified payroll (WH-347), refreshed WIP reports, flexible job costing, Workforce Elite HCM, transaction-level eliminations, AI cost insights for budgets, and what RedHammer wants next from Intuit.
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