Cuenta de pérdidas y ganancias (profit and loss account)

The cuenta de pérdidas y ganancias is the financial statement that summarizes the year's income and expenses: the difference between the two is the result, a profit or a loss. That accounting result, adjusted by tax rules, is where the base on which the company pays corporate tax comes from.

It is part of the annual accounts along with the balance sheet and the notes, and Spanish accountants call it PyG for short. The step from accounting result to tax due happens in the Impuesto de Sociedades, through the annual modelo 200 return.

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Pricing · Calculators

Partida doble (double-entry bookkeeping)

Balance de situación (balance sheet)

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