Updated July 2026 · 4 min read
If you drive, deliver, freelance, or sell online, your gross earnings and your actual take-home income can look very different once expenses are factored in. A profit and loss (P&L) statement bridges that gap.
A profit and loss statement lists your total income, subtracts your business expenses, and shows your net income — what you actually keep. For gig workers, this is often simpler than a full business P&L: a list of income totals and a handful of expense categories is usually enough.
| Category | Examples |
|---|---|
| Car & Mileage | Gas, maintenance, mileage for rideshare/delivery |
| Supplies | Packaging, materials, tools |
| Software & Subscriptions | Design tools, project management apps |
| Phone & Internet | Portion used for work |
| Home Office | Portion of rent/utilities used for work |
| Insurance | Business or vehicle insurance |
Showing gross income alone can overstate what you actually take home, especially for online sellers and delivery drivers with real costs. A simple P&L gives a landlord or lender a more accurate, honest picture — and it's optional if your situation doesn't need it.
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Enter your monthly income and expense categories, and get a clean profit & loss page included in your free income verification packet.
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