Publication number: ELQ-95488-1
View all versions & Certificate
Profit & Loss Statement Template in Excel
P & L statement template in excel for a month or a year including a column for the previous year and budgeted figures.
This is a financial statement that is used to summarize the costs, revenues, and expenses that are incurred throughout a certain time period, typically a quarter or a year. These statements aim to provide important information about how well- or not- a company can make a profit by reducing costs, increasing revenue, or both together. The profit and loss statement is also known as the 'income statement,' 'the statement of profit and loss,' 'the statement of financial results,' 'the income and expense statement,' or the 'statement of operations.'
The most common name probably being the income statement, this statement is usually one out of three financial statements that each public company must issue every quarter and every year, alongside the cash flow statement and balance sheet. The balance statement is like a screenshot that demonstrates what is owed and owned at a single point in time, however the income statement- similarly to the cashflow statement- shows changes that have occured over a certain time period. It's worth comparing the cash flow statement with the income statement, because according to the accrual accounting method, revenues and expenses are able to be logged before cash actually exchanges hands.
The income statement generally follows a set form. It starts with the 'top line'- revenue- and then takes away business costs which include operating expenses, goods sold, interest expense, and tax expense. Net income is known as the bottom line on the statement, and can also be referred to as earnings or profit.
You should compare your profit and loss statements from different accounting periods, as the differences between each aspect on the sheet actually mean more than the actual figures. e.g. you may notice that the revenues of your company may be growing, however the expenses may also be growing and and at a faster rate.
This template allows input of own figures to make a personal profit and loss statement.
*Originally shared on kaas.ie*
This Best Practice includes
1x P & L Statement in Excel
KAAS offers you this Best Practice for free!
download for free
Add to bookmarks
- Godfrey Chivole(last updated: 05/09/2019 12:35)
- Bongani Zwane(last updated: 01/09/2019 10:27)
- Lester Chan(last updated: 18/01/2019 14:35)
- Eamon Flynn(last updated: 17/12/2018 20:37)
- John Gregg(last updated: 07/12/2018 10:31)
- Manil Karunaratne(last updated: 07/11/2018 04:12)
- Alexander Kuznetsov(last updated: 21/08/2018 13:21)
- Tajammul Syed(last updated: 30/05/2018 15:08)
People using this Best Practice also downloaded
Income Statement Template in ExcelThe SBA have provided an income statement template in MS Excel so that you can input your own values and save time.income statementp&laccountingfinancial statementsexcel245free by SBA
Sample Income Statement TemplateA sample income statement that is easy to edit and is set to easily tabulate your figures.profitlossincome statementprojectionsfinance470
Profit & Loss Statement Template in ExcelThis is a blank Profit & Loss Statement (or Income Statement) made in Excel.income statementaccountingexpensesfinancial statementtemplate616free by Sarah Booysen
E-commerce Excel Model TemplateE-commerce Model in Excel that enables you to estimate the value of the e-commerce depending on KPIsprofitlosssalesrevenuebusiness model3,069$5.00 by Asen Gyczew
Income Statement Excel Model TemplateExcel model for income/profit and loss statementincome statementp&lprofit and loss statementincome statement calculatorincome statement example188free by CFI
4-year streamlined revenue statementA simplified format of 3 business units' revenue statements over 4 years.turnoverprofitfinanciallossrevenue315$6.00 by WMI Consulting
P&L projections explanationsCreate an annotated short-term outlook of your company's P&L evolution.breakdownprofitfinancialresultsperformance547$10.00 by WMI Consulting
Startup Excel Accounting System with Auto Generated ReportsComes with a dr/cr account, income statement, balance sheet and cash flow statement, all which auto chartincome statementp&laccountingbalance sheetstartup427$10.00 by Benjamin J. Boyle
Dashboard for Budget Data (Updated Version)Detailed and extensive dashboard tool for monitoring and visualising your budgetingbudgetfinancerevenuesexpensesbudgeting231
Costing Spreadsheet - Calculate Profit per Product or ServiceA video on how to create a costing spreadsheet for a product or a service.profitproductpricingcostsspreadsheet1,888
Any questions on Profit & Loss Statement Template In Excel?
The user community and author are here to help. Go ahead!