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- Income Statement
- Income Statement | Top Examples | Template | Format | Analysis
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- Income Statement Examples
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- Income Statement Template
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- Profit and Loss Statement Template
- Profit And Loss Statement Format
- Book Profit
- Contribution Margin Income Statement
- Sales Revenue
- Net Sales Formula
- Variable Costing Income Statement
- Pro Forma Income Statement
- Purpose of Income Statement
- Income from Operations Formula
- Cost of Goods Sold
- Cost of Goods Manufactured (COGM)
- COGS Formula
- Cost of Goods Sold Examples
- Cost of Sales Formula
- SG&A Expenses (Selling, General & Administrative)
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- List of Operating Expenses
- Non Operating Income
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- Income Tax Expense
- Income Tax Accounting
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- Average Total Cost Formula
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- Gross Profit Formula
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- Duty vs Tariff
- EBITDA
- EBITDA Calculation
- Adjusted EBITDA
- EBIT (Earnings Before Interest and Tax)
- EBIT Calculation
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- Turnover vs Profit
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- Net Income Formula
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- Operating Expense Examples
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- EBIT vs EBITDA | Top Differences | Examples | Calculation
- Depreciation – Formula | Types | Most Comprehensive Guide
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- Margin vs Profit
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- Trade Discount vs Cash Discount
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- Interest vs Dividend | Top 9 Differences (with Infographics)
- EBITDA vs Net Income
- EBIT vs Net Income
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- Above the Line vs Below the Line
- Operating Income vs Net Income
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- Income Tax vs Payroll Tax
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- Gross Income vs Net Income
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- Revenue vs Net Income
- Revenue vs Income
- Profit vs Income
- Revenue vs Sales
- Revenue vs Turnover
- Capitalization vs Expensing
- Income Statement vs Balance Sheet | Top 5 Differences You Must Know!
- Statement of Comprehensive Income | Items | Colgate Example
- Variance Analysis
- Other Comprehensive Income
- Partial Income Statement
- Income Summary Account
- FOB Destination
- Explicit Cost
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- Direct cost vs Indirect Cost
- Fixed Cost
- Fixed cost vs Variable cost
- Price vs Cost
- Hard Cost vs Soft Cost
- Overhead Costs
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- Marginal Costing vs Absorption Costing
- Marginal Cost Formula
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- Markup Formula
- Contribution Margin vs Gross Margin
- Accounting Basics (80+)
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- Balance Sheet (30+)
- Assets (109+)
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- Cash Flow Statement (17+)
- Accounting Careers (26+)
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- Budgeting in Finance (31+)
Related Courses
Template of Profit and Loss Statement
The profit and loss statement or the income statement is one of the most important financial statement of the Company which provides the details of the Companies’ revenues and expenses during the particular period the income statement is created.
Every business whether big or small needs to have income statement as it will help make the business owner make financial decisions. The income statement is required while raising investment from investors or taking loans from banks.
Income statement could be of any period, monthly, quarterly, half yearly or annually. The profit and loss excel templates provided in this article are for the monthly and annual income statement.
The two excel templates of the Profit and Loss statement can help businesses to generate their own income statement after entering a few financial numbers of their business. Both the templates are look alike in terms of the contents – just the period for which the numbers are put in the template vary.
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Components of Profit and Loss Statement Excel Template
The major components to be filled by the user in the P&L Template in Excel are as below:
| Gross Sales | It is the total sales done by the Company during the time period. |
| Other revenue | Any other revenue earned by the Company from various sources like interest income etc. |
| Cost of Goods Sold (COGS) | This line item includes the Cost of total goods sold by the Company. |
| Employees’ expense | Employees’ expense includes salaries, wages, benefits and other long term benefits provided to the employees which are a direct cost to the Company |
| Marketing Expenses | Marketing expenses done by the Company to improve sales are input in this line item. |
| Rent | This line item includes the rent paid by the Company for their office, factory, manufacturing units or warehouses |
| Office Supplies and General Expenses | This line item includes the expenses done on office supplies, utilities like electricity and other general expenses |
| Other expenses | Any other expense which is not mentioned in the above expenses is input in this line item |
| Depreciation and Amortization | This includes depreciation and amortization expense on assets acquired or bought by the Company |
| Interest Expense | This line item includes the interest expense paid by the Company for loans taken by it from banks |
| Income taxes | Income tax is the tax paid on the income earned by the Company. The user can set this to (percentage tax rate* Earning Before Taxes) depending on the tax rate of his Country |
All other line items which are bold in the following templates have excel formulas which will be calculated once the user inputs the financial data for other line items. The snapshots for both the excel templates of Profit Loss Statement are given below:
Monthly Profit and Loss Template in Excel
Monthly P&L Template in Excel will look like the following:
Annual Profit and Loss Template in Excel
Annual P&L Template in Excel will look like the following:
You can download this Profit and Loss Statement Excel Template from here – Profit and Loss Statement Excel Template
Recommended Articles
This has been a guide to Profit Loss Statement Template. Here we provide you with the Profit and Loss statement excel template for the monthly and annual P&L Statement with examples. You can learn more about financing from the following articles –
- Profit & Loss Statement Examples
- Definition of Other Expenses
- How to create Inventory Template in Excel?
- Percent Error Formula | Examples | Steps
- Examples of Cost of Goods Manufactured (COGM)
- Download Personal Budget Template in Excel
- Basics of Income Statement
- What is a Multi-Step Income Statement?
- What is Pro Forma Income Statement?
