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?
- Service revenue
- Interest revenue
- Other revenue
- Total Revenues
- Bad debt
- Cost of goods sold
- Employee benefits
- Furniture and equipment
- Interest expense
- Maintenance and repairs
- Office supplies
- Payroll taxes
- Research and development
- Salaries and wages
- Web hosting and domains
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