P and l template

The main difference is that the Goods worksheet includes a Cost of Goods Sold section for recording inventory and purchases and calculating Gross Profit. The difference between a business budget and a profit and loss projection is subtle, but important. After creating a profit and loss projection, you could simply change the title of your spreadsheet to "Budget".

However, if you are like me, your budget will be much more conservative than your projection. A projection should be as realistic as possible. The profit and loss template includes the same set of categories as the business budget, and information about income categories and expense categories can be found on the Income Statement and Business Budget pages.

Screenshot Goods. Disclaimer : This spreadsheet and the information on this page is for illustrative and educational purposes only. We do not guarantee the results or the applicability to your unique financial situation. You should seek the advice of qualified professionals regarding financial decisions. Follow Us On You can also request new templates by leaving a comment. Although we provide a lot of profit and loss templates for you to download and use with your business, sometimes manually filling out a printed template can be an arduous task.

For example, you could make a typo, a mis-calculation, or simply misplace printed documents. The easy solution is to use an online service to create your profit and loss statement that can automatically do all the calculation and storage for you.

This online accounting software features:. This is a great tool, so if you are interested, give WorkingPoint a try. Word format Profit and Loss Templates.

For those who need profit and loss statements in easy to edit and print word document format. You will need a word processor such as Microsoft Word to open these files:.