This free Profit and Loss Excel template is useful to create a comprehensive profit and loss statement for your company or for your client’s business. It calculates the percentage change from the prior period and budget. This is useful for professionals, small business owners and managers.
Other Profit and loss statement excel template can also be useful for you.
Understanding profit and loss statement
A profit and loss statement is a record of revenue and expenses incurred by a business in a given period of time. A profit and loss statement is also called a P&L, an income statement, a statement of profit and loss, an income and expense statement, or a statement of financial results.
Differences between P&L and Balance sheet
A company’s Profit and Loss statement shows its income, expenditures, and profitability over a period of time. On the other hand, the balance sheet, provides a snapshot of its assets and liabilities up to a certain date.
The balance sheet is as of last day of the company’s fiscal year. Investors use the balance sheet to understand the financial strength of the company, comparing the amount and quality of its assets against its liabilities. Profit and loss statement helps in understanding the financial performance of the company during a financial period.
Download and use Profit & Loss Statement Free Excel Template
To use this free excel template, you should have Microsoft Office/ Microsoft Excel installed in your system. After installing Excel or Spreadsheet, download the zip file of this template.
Extract the template using WinZip, WinRAR or 7Zip decompressing software. Once extracted, you can open the file using Excel and start entering data or customizing the template.
