What Is a Profit and Loss Statement?

If you are a business owner, you probably encounter with a number of difficulties which are supposed to be unpredictable. However, there is a great possibility to evaluate all your strength and weaknesses by preparing a summarizing report. Take an advantage of using a fillable template for a Profit and loss statement, which is available on our website profit-and-loss-statement.com. Fill out the form online or download it with any Internet-connected device. It can greatly save your time and efforts. Insert all information concerning your company’s costs and expenses incurred during a specific period of time into the fillable fields. These records intend to demonstrate your company’s ability to generate financial gains by increasing revenue or reducing costs.

What Data to Include In The Profit and Loss Statement

This form should maintain the following information:

• name and address of the organization;
• date of preparing a document;
• type of your organization`s activity;
• fill in the fields that apply to your business;
• calculate the amount of income including gross sales and other types of income;
• calculate all company’s expenses including legal fees, advertising, supplies, payroll expenses etc.
• define total sum of income and spendings;
• insert the amount of net earnings including that with taxes.

Note, that the template is available in PDF, which may easily converted into any other format if needed. You can customize the form according to your needs.

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