Download Yearly Profit and loss statement in Excel Format by Excel Downloads. Create overall financial performance summary for a financial year profession or personal venture. This is a printable Profit and Loss Statement format in Excel.
Introduction to Profit and Loss statement
An income statement or profit and loss account is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit. (Source : Wikipedia)
Additionally, Profit and Loss Account is a period statement which is prepared to show the profit or loss incurred by the Organization in the year for which it is prepared. It is prepared to disclose the result of operations of all the business transactions during a given period of time. It is also known as profitability statement. Thus, the application of Profit and loss statement is to aware the stakeholders on the financial performance of the company or entity.
Furthermore, it helps the business managers, owners and relevant parties to make decisions.
About yearly profit and loss statement excel format
Profit and Loss Statement is also sometimes called an “income statement” or “earnings statement.” The template and categories included in the template will be relatively the same as a P&L statement.
The P&L statement contains different categories of sales and expenses, including:
- Net sales
- Cost of goods sold
- Gross margin
- Selling and administrative expenses/operating expenses
- Net profit
The Profit and Loss statement template will give you, as a manager or business owner, a feel for your cash flow and regular expenses.
There are multiple reasons to prepare a Profit and Loss statement template. Primary reason for any sort of business owner is to find answer to “Am I making any money?”
All of your credits and debits are laid out accordingly in the statement, allowing you to look at regular expenses and your return on investment when it comes to advertising and marketing. In other words, as a business owner or manager, it is a valuable tool to monitor operations. Most of the time, you will prepare the P&L statement on a quarterly or monthly basis.
Thus, this template for Profit and Loss statement helps business owners, managers and decision makers to understand the financial growth, performance and stability.
Download and use printable yearly profit and loss statement excel template
Now, To download and use this free printable profit and loss excel template, follow the instructions below –
- Firstly, 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 WinRAR or 7Zip decompressing software.
- Once extracted, you can open the file using Excel and start entering data or customizing the format.
