Profit and loss template

Profit and loss template

What is a profit and loss statement?

A profit and loss (P&L) statement, also known as an income statement, is a financial statement that summarises the revenues, costs, and expenses incurred during a specified period, usually a quarter or fiscal year. It provides a snapshot of a company’s sales and expenses over a period of time, showing company revenues, expenses, and net income. It is used by company managers, investors, and analysts to analyze the financial health of a company and evaluate its profitability.

Create your profit and loss statement

What is a profit and loss statement?

Why is a profit and loss statement so important?

Understanding your business’s financial performance is crucial for sustainable growth. A profit and loss statement allows you to:

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Get started on the path to financial clarity by downloading our Simple Profit and Loss Statement Template. It’s free, user-friendly, and tailored for small businesses like yours.

Profit and loss statement template free

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How to create a profit and loss statement with our free template

Decide reporting period

Choose whether you want to generate a monthly, quarterly, or yearly report. Tailor the template to your business’s unique needs.

Add revenues and expenses

Input your income and costs accurately. Our template is designed to accommodate various revenue streams and expense categories, ensuring comprehensive coverage.

Add/remove line items as necessary

Customize the template to align with your specific business model. Add or remove line items to reflect the nuances of your operations.

Control calculations

Rest easy knowing that our template handles the complex calculations for you. Instantly see your net profit or loss without the headache of manual computations.

Example profit and loss statement

Below is a profit and loss statement example:

Profit and loss statement

Why you should use our free profit and loss statement template

Simple and straightforward

Our Profit and Loss Statement Template is crafted with simplicity in mind, ensuring that even if you’re not a financial expert, you can effortlessly navigate and input your financial data.

Time-saving template

Save valuable time by utilising our template, which streamlines the process of creating a comprehensive Profit and Loss Statement. No need to start from scratch or deal with intricate calculations – we’ve got you covered.

Automatic calculations

Forget the hassle of manual computations. Our template takes care of intricate calculations, giving you instant insights into your net profit or loss. This automation allows you to focus on strategic decision-making rather than number crunching.