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A profit and loss statement (P&L) is a document used by a business to summarise its financial standings to determine its financial health, or lack of, for a particular time period, a month, a quarter, or a year. It mainly includes an expenses section, revenue column, and net income section.
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A free profit and loss statement template and other financial records like balance sheets and cash flow statements make it easier to track finances accurately and predict future business performance. Profit and Loss Statement Templates
We’ve compiled the most useful collection of free profit and loss (P&L) templates for company owners, corporate officers, accountants, and shareholders. Plan and track your organization’s P&L with these free, easy-to-use templates.
A sample profit and loss statement show the ability of a business to create profits, generate sales, and manage expenses. You would prepare a profit and loss statement template based on the principles of accounting which include the recognition of revenue, accruals, and matching.
We’ve compiled a comprehensive list of profit and loss templates for small businesses. Each template is free, printable, and ready to download and edit.
Download a free Profit and Loss Statement spreadsheet template which helps in keeping record and determining net profit from services or goods that business or organization generates quarterly or annually.