PROFIT and LOSS STATEMENT Template

Profit and Loss Statement Chart profit-and-loss-statement-sample

The Template below is a Monthly Profit and Loss Statement Worksheet sample for small business.

People have made small business succeed with little start up cash. The most important is having a great service or product to sell, along with dedication, hard-work and a creative and efficient marketing.

Also, the low overhead (not having to meet high fixed costs) is a huge advantage small business have. It's a lot easier to recover from small, low cost mistakes.

The purpose of the Income Statement or Profit and Loss Statement is to:

  • run efficient book keeping service
  • show managers and investors whether the company made or lost money during the period being reported.
  • find out and capitalize on the real needs of the market

SAMPLE PROFIT and LOSS STATEMENT

Date ___/___/___

Total Sales (excluding sales taxes) - Month:__________________________
or for dates submitted between _______________ and _________________

PROFITS

Services ......................................................(________________)
Cost of goods sold.........................................(________________)
Rent revenues...............................................(________________)
Interest returns on investments........................(________________)
Other ..........................................................(________________)

Gross Profit..............................................................................(________________)

EXPENSES

Operating Expenses:

Salaries .......................................................(________________)
Advertising and promotion................................(________________)
Accounting....................................................(________________)
Payroll Taxes.................................................(________________)
Auto and Travel.............................................(________________)
Telephone and Utilities....................................(________________)
Small Assets..................................................(________________)
Supplies.......................................................(________________)
Postage and Printing.......................................(________________)
Bank Charges................................................(________________)
Repairs and Maintenance.................................(________________)
Training and Seminars.....................................(________________)
Other...........................................................(________________)
Total Operating Expenses............................................................(________________)

Fixed Expenses

Depreciation...................................................(________________)
Write-offs......................................................(________________)
Insurance......................................................(________________)
Rent.............................................................(________________)
Total Fixed Expenses..................................................................(________________)

TOTAL Expenses........................................................................(________________)

NET PROFIT (Income before taxes and partner draw) ..................(________________)


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