13+ Standard P&L Templates (FREE Editables)

If you own a business you are probably required to create a profit and loss statement and other financial statements to manage the business’s accounts and to determine profit or loss, expenses, and revenues at the end of each fiscal year. To create such a statement, you can make use of a simple P&L template, which you can easily find at the end of this page. A profit and loss statement is a financial record that summarizes the incomes, costs as well as expenditures incurred over a particular period usually a monetary quarter or year. It provides information regarding a company’s efficiency or lack thereof, to create profit by growing revenue, lowering costs, and so on.

The statement of P&L is also known by other names like statement of profit or loss, income statement, statement of operations, statement of financial results, expense and revenue statements, etc. Furthermore, the statement is one of three financial statements every company or business issues often on an annual basis, before the balance sheet and cash flow statement. Just like the cash flow statement, it reveals adjustments in several accounts taking place over a particular period. However, on the other hand, the balance sheet acts as a snapshot shows that what is owned and owed in a glimpse, and helps to close all the accounts at the end.

Additionally, several money lenders or granters will prefer to review the company’s P&L statement while employing for long-term loans. A company needs to compare its income statements from its several accounting periods to determine the incomes, operating costs, spending for research and development, as well as net earnings over time. It starts with sales and proceeds to net income and earnings per share. Use our simple P&L templates to determine the earnings of your business and to run your business operations smoothly. Go ahead and select any of these simple P&L templates given below.