Profit and Loss template

This accounting statement template allows you to calculate your profit or loss, which is input for the balance sheet or simply to provide the income statement. 

How do I make a financial Profit & Loss (P&L) statement?

A Profit & Loss (P&L), also known as Income statement, is one of the most common financial statements of a company or project, which lists the revenues and expenses during a specific period of time. You may calculate it by totaling all of a business's revenue sources and subtracting from that all the business's expenses that are related to revenue. This Financial statement template includes sections for their debits and credits, and pre-built formulas to calculate the total balances for each column.

What is included in a profit and loss statement?

Income

• Revenue
• Service revenue
  
• Interest revenue
• Other revenue
• Total Revenues

Expenses

• Advertising
• Bad debt
• Commissions
• Cost of goods sold
• Depreciation
• Employee benefits
• Furniture and equipment
• Insurance
• Interest expense
• Maintenance and repairs
• Office supplies
• Payroll taxes
• Rent
• Research and development
• Salaries and wages
• Software
• Travel
• Utilities
• Web hosting and domains
• Other

The total sum of those revenues and expenses will state the net income or net profit. This Profit and Loss Statement (P&L) Google Docs and Excel worksheet are ready to print and fully editable according to your own needs.