The answer largely depends on the size of your business, but P&L statement generation is one key aspect of most accounting job descriptions. Whether you have an in-house accountant, have a CPA on retainer, or pay a local accountant by the hour, the accountant you work with should be able to handily throw together an income statement in no time. We always recommend meeting with an accountant or other financial advisor at least once when you first start creating financial documents for your business. From there, you can create your own P&L statements if you'd like to. Accounting software, including free accounting software, can draw up income statements for you with little effort on your part.