According to "Microsoft Small Business Education Module", there's NO
difference.

http://www.microsoft.com/smallbusine...e.aspx?mid=107

(See page 2 by clicking 'Next') Excerpts below:
------------------------------------------- Also known as the Income Statement, the P&L includes three general categories:
----------------------------------------------
Regards,

SNV

"Becky" wrote:

- quote -

This is probably common knowledge to everyone here, but I can't seem to
figure out the difference between the two reports as my Money 2005
home/business generates very similar looking reports for both.

i've actually asked an accountant about this and even she couldn't answer me!

Can anyone tell me the difference between the P&L and Income statement in
the information presented?

thx!