Free Profit and Loss Statement Template for Excel 2007 – 2016
Our free profit and loss statement template will surely help guide you on the way to budgeting your costs regarding your company or business properly. Now, the importance of having this template is very invaluable, because it helps you keep a track record of everything that you’ve gained and lost due to certain entrepreneurship skills. It’s all business when you have a profit and loss document.
With this free profit and loss statement template, you’ll be able to boost the performance of your business by making sure that every choice you make for the profit and loss were recorded properly. It’s quite a manner of understanding what’s in front of your document.
Profit and Loss Statement Template
Use for Excel, OpenOffice, and Google Sheets
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The profit and loss statement template is a very document to take note of and understand. Why? Because everything has already been stated precisely with its usage in the following details that will come up. In the template itself, you have the title in bold at the very top, which is good for the document because it is easily spotted. Now, a space has been provided at the bottom of the title for the company name, address, city, state, zip code and phone number. The details are very important, just in case anybody wants to approach the company itself regarding the profit and loss of the business. The period in which the document was issued has also been clearly stated, such as when it began and when it ended.
Now, what makes this profit and loss statement template completely unique from any other template is that all the details have already been fully implemented in the document, which leaves no room for errors and misunderstandings. The income and expenses have been clearly stated out, especially with the minor but still very important details following through. The sales, service, interest and other income all fall under the Income category, which also has a total income at the very bottom. Next, there are many smaller details pertaining to the category of the expenses, such as accounting, advertising, assets small, bank charges, cost of goods sold, depreciation, electricity, hire of equipment, insurance, interest, automobile, office supplies, postage and printing, rent, repairs and maintenance, stationary, subscriptions, telephone, training/seminars, wages and salaries, software, travel, research and development, payroll taxes and others. Lastly, the total expenses will be placed under all of these details, which helps give you an overview of the entire thing in itself. At the very last part, you’ll find out just how much you’ve profited and how much you’ve lost.