Profit and Loss Statement
Excel and Google Sheets Template
What's Inside the Profit and Loss Template?
Details | 2 Sheets
Supported Versions (All Features) | Excel 2016, 2019, Office 365 (Mac)
Supported Versions (Significant Features) | Excel 2010, 2013, 2016, 2019, Office 365 (Mac), Google Sheets
Category | Finance
Tags | Reporting, Profitability, Expenses, Income, Taxes
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Inside Our Profit and Loss Statement
Excel and Google Sheets Template
What is a Profit and Loss (P&L) Statement?
A Profit and Loss statement (also known as a P&L or Income Statement) is a financial document that summarizes the revenues, costs, and expenses incurred during a specific period. Using our p&l template in either Google Sheets or Excel allows managers to visualize profitability trends, set accurate budgets, and formulate long-term business policies.
If you find this template useful, you’ll also want to check out our other financial templates like Balance Sheet, Cash Flow and Break Even Analysis.
Why Use This Professional P&L Spreadsheet?
Making use of our profit and loss excel template empowers you to see trends and plan for both the short and long term. If you find this template useful, you’ll also want to check out our other financial tools like the Balance Sheet, Cash Flow, and Break Even Analysis.
- Customize in Seconds: Simply input your company name and year. Start populating income, expenses, and tax details to see your dashboard update instantly.
- Visual Reporting: Use the built-in slicers to view total expenses for a specific month or group of months, allowing for quick cost-driver analysis.
- No Subscriptions: Unlike complex accounting software, this is a one-time purchase for a permanent p&l excel template.
Professional Profit and Loss (P&L) Statement Template for Excel & Google Sheets
Financial performance is the lifeblood of any business. Our professional profit and loss statement empowers you to organize revenue, expenditures, and taxes with zero manual formula creation. Whether you need a simple profit and loss template for a startup or a detailed p&l spreadsheet for an established company, this tool is built to deliver investor-ready insights instantly.
Expert Walkthrough: How it Works
This profit and loss template is designed by financial experts to ensure data integrity and professional reporting standards:
- Automated Net Income Logic: Formulas automatically subtract expenses and taxes from your revenue to calculate net income without errors.
- Real-Time Dashboards: Includes a "Month Over Month Gross" chart and "Expense Analysis" slicers for instant visual cost-driver analysis.
- Multi-Platform Ready: Fully optimized as a profit and loss template google sheets users can collaborate on in real-time.
How to customize this spreadsheet for your business
1. Begin by inputting your company name and the period year.
2. Start populating the Income Details, Expenses, and Tax Details by replacing the existing placeholder entries for the categories on the leftmost column and filling up the corresponding rows for the appropriate month.
3. Note that the Gross Profit and Total Non-Operating Income rows are grayed out and centered, indicating that they contain formulas.
4. Other rows which contain formulas are the total rows on the bottom of every table as well as the total column on the rightmost column.
About This Template
| Feature | Specification |
|---|---|
| File Format | .xlsx (Excel), Google Sheets |
| Compatibility | Excel 2010+, Office 365, Google Sheets |
| Key Visuals | Automated Charts & Expense Slicers |
Frequently Asked Questions
Is this a one-time purchase or a subscription?
This is a one-time purchase. There are no recurring fees or subscription costs for your profit loss template.
Can I use this as a google sheets profit and loss template?
Yes! This template is fully compatible with Google Sheets. You can collaborate with your team in real-time with cloud auto-save functionality.
Is the spreadsheet customizable?
Absolutely. You can replace placeholder categories for income and expenses to match your specific business model.
Do I need advanced Excel skills?
No. All formulas are locked and automated. You only need to input your raw data into the clearly labeled cells.
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