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A profit and loss statement (P&L) is a document used by a business to summarise its financial standings to determine its financial health, or lack of, for a particular time period, a month, a quarter, or a year. It mainly includes an expenses section, revenue column, and net income section.
Businesses use profit and loss (P&L) templates to list revenue and expenses to determine profitability. Use a P&L template to calculate your net income (gross income minus expenses), and whether you need to increase income or reduce costs.
A profit and loss statement template, sometimes referred to as a P&L template or income statement, is a financial report that lists a company’s costs, income, and profits for a given period. A sample profit and loss statement demonstrates a company’s ability to make money, drive sales, and control costs. These templates are created based on ...
Each template is free, printable, and ready to download and edit. Included on this page, you will find a basic profit and loss template, a sample annual profit and loss statement, a profit and loss dashboard, and profit and loss templates organized by small business type.
Get FreshBooks profit and loss statement template that helps you quickly create P&Ls and determine the net income of your business.
Use this free profit and loss statement template to analyze performance over time and improve your company's health. Download Free Template. Available for Excel & Google Sheets & PDF. Template Highlights. The template includes sample line items with common income sources and expenses.
A profit and loss (P&L) statement, also known as an income statement, shows your company's revenues, expenses, and profits and losses over a given period of time. It is used to determine the profitability of your business.