P&L template
A profit and loss statement is a major element in any business that shows its financial health.
A profit and loss template, or P&L template, shows your business’s revenue against expenditures, which aids in determining profit.
P&L templates may be used to examine and compare a company’s performance over a particular period of time. This is in addition to being useful tools for reviewing cash flow and forecasting potential company success.
The formula for profit and loss statement is:
Net Income = Total Revenues – Total Expenses
P&L Template in Excel
You can get the P&L templates over time, like monthly, quarterly, or yearly.
Here, in this article, we will show you the P&L templates for quarterly and yearly.
First, we will show you a simple format for a profit and loss statement template.
Simple Profit And Loss Statement Template
| Profit and Loss Template | |||
| Company Name | Statement Reporting Period | ||
| Your company name | dd/mm/yy – dd/mm/yy | ||
| Revenue (deduction for returns and discounts) | Expenses | ||
| Sales Revenue | $642,754 | Wages and Benefits | $287000 |
| Other Revenue | $37, 765 | Internet and Phone | $6500 |
| Gross Revenue | 680519 | Utilities | $10900 |
| Office supplies | $2650 | ||
| Rent/Mortgage | $21100 | ||
| Cost of Goods Sold (COGS) | Insurance | $2800 | |
| COGS | $84600 | Interest | $1800 |
| Total COGS | $84600 | Depreciation | $4950 |
| Taxes | $17800 | ||
| Travel | $3000 | ||
| Gross Profit | Other Expenses | $25000 | |
| Gross Profit = Gross Revenue – COGS | $595919 | Total Expenses | $383500 |
| Net Income | |||
| Gross Profit – Total Expenses | $212419 | ||
Quarterly Profit and Loss Template
| Quarterly Profit and Loss Template | ||||
| Company Name | ||||
| Revenue | Q1 | Q2 | Q3 | Q4 |
| Sales Revenue | $650975 | $689245 | $605425 | $732178 |
| Service Revenue | $52856 | $88924 | $52645 | $65327 |
| Interest Revenue | $37698 | $79800 | $62650 | $40750 |
| Others | $15876 | $29542 | $27850 | $19874 |
| Total | $757405 | $887511 | $748570 | $858129 |
| Less Sales Returns/Allowances | $20200 | $23650 | $27900 | $18540 |
| Total Revenue | $737205 | $863861 | $720670 | $839589 |
| Expenses | Q1 | Q2 | Q3 | Q4 |
| Expense 1 | $26800 | $37632 | $32540 | $74327 |
| Expense 2 | $65429 | $53297 | $57327 | $71100 |
| Expense 3 | $62200 | $51265 | $37511 | $42600 |
| Expense 4 | $51500 | $55789 | $47923 | $39875 |
| Expense 5 | $53875 | $37837 | $46245 | $81200 |
| Total Expenses | $259804 | $235820 | $221546 | $309102 |
| Net Income Before Taxes | $497601 | $651691 | $527024 | $549027 |
| Tax Rate (%) | 7.25 | 7.25 | 7.25 | 7.25 |
| Income Tax Expense | $36076 | $47248 | $38209 | $39804 |
| Net Income | $461525 | $604443 | 488815 | 509223 |
Annual Profit and Loss Template
Annual Profit and Loss Template | ||||
Company – Jack’s Cafe | Statement Reporting Period | |||
Revenue | 2020 | 2021 | 2022 | 2023 |
Gross Sales ($) | 20190 | 57440 | 86325 | 11265 |
Less Sales Return and Allowances ($) | – | – | – | – |
Net Sales ($) | 20190 | 57440 | 86325 | 11265 |
Cost of Sales | ||||
Beginning Inventory ($) | 200 | 210 | 220 | 230 |
Plus Goods Purchased/Manufactured ($) | 120 | 150 | 160 | 190 |
Total Goods Available ($) | 320 | 360 | 380 | 410 |
Less Ending Inventory ($) | 200 | 230 | 240 | 260 |
Total COGS ($) | 100 | 130 | 160 | 170 |
Gross Profit (Loss) ($) | 20090 | 57310 | 86165 | 11095 |
Operating Expenses | ||||
Selling | ||||
Salaries and Wages ($) | 650 | 700 | 750 | 800 |
Commissions ($) | 10 | 11.13 | 14.75 | 15 |
Advertising ($) | 525 | 560 | 647 | 720 |
Depreciation ($) | 20 | 25 | 29 | 35 |
Others ($) | – | – | – | – |
Total selling Expenses | 1205 | 1296.13 | 1440.75 | 1570 |
General | ||||
Employee Benefits ($) | 4 | 4.12 | 4.13 | 4.15 |
Payroll Taxes ($) | 2 | 3 | 3 | 4 |
Insurance ($) | 450 | 470 | 500 | 560 |
Total General Expenses ($) | 456 | 477.12 | 507.13 | 568.15 |
Total Operating Expenses ($) | 1661 | 1773.25 | 1947.88 | 2138.15 |
Net Income Before Taxes ($) | 18429 | 55536.75 | 84217.12 | 8956.85 |
Taxes on Income ($) | 3562 | 5425 | 7654 | 7721 |
Net Income After Taxes ($) | 14867 | 50111.75 | 76563.12 | 1235.85 |
Extraordinary Gain/Loss ($) | 19 | – | 20 | – |
Income Tax on Extraordinary Gain | 4 | – | 3 | – |
Net Income ($) | 14890 | 50111.75 | 76586 | 1235.85 |
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