root. Business Templates. November 13th , 2020.
A Profit and Loss Statement is another name for the Income Statement. If you want to create a profit and loss statement, you can use our income statement template and change the title. The Profit and Loss Template below is used for creating a 3-year projection, or an estimate of how you expect your business to perform from year to year. The profit and loss projection template is based on our Business Budget Template and uses the same income and business expense categories.
If you'd like to perform a cash flow analysis, and are looking for a 12-month profit and loss template, try the 12-Month Business Budget Template. All you would need to do is change the title to "12-Month Profit and Loss Projection." You can also use the profit and loss template below for a monthly cash flow analysis by changing the column labels from years to months.
The Profit and Loss Projection Template helps you create a 3-year projection of income and expenses for your business. It uses the same list of categories as the business budget, but also includes columns for calculating the Percentage of Total Sales, which helps you to analyze cost of goods sold and operating expenses.
This workbook contains two profit and loss templates designed for companies providing services or selling goods. The main difference is that the Goods worksheet includes a Cost of Goods Sold section for recording inventory and purchases and calculating Gross Profit.
Using the Profit and Loss Template
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.
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