Evaluate Your Company with a Profit Loss Template
For those who run a business, make financial statements in a quarter or a fiscal year maybe not so hard, but if you are a newcomer in the business world, there are three types of statements you should know about. They are balance sheet cash flow and profit loss. Well, let’s just focus on the last types. As one of three types of statements in business that should be mastered by. Profit loss template refers to the income summarize where you can see revenue and the expense of the given time. In other words, you can see whether your company makes money or not by seeing these financial statements.
Typically, profit loss is divided into three variations, as like monthly, quarterly, and annually. Some can be simple, but others can be so long which extend to pages. Small business usually uses monthly statements where it is used for regular and detail reporting. Meanwhile, big company and organizations which have run for several years tend to use quarterly and annually statements. By issuing this kind of statement, you can make some big decisions such as hiring new employees, moving to a bigger office, taxes future plan, effective development strategy for your company. Investors and lenders may consider these statements before they decide to make a contract with your company.
Other Samples of Profit Loss Template :
Therefore, what you should put in the profit loss template plays an important role since it gives clear sight into the ‘health’ of the companies’ condition. Revenue is the first thing. It describes the income during a given period. The second is an expenditure, then direct cost or cost of goods sold and gross profit and gross margin which is used to stated that the business is in health. Operating expense or OPEX refers to the cost for normal operations including payroll, insurance, utilities, and administrative cost, advertising, rent, and office supplies. Depreciation, EBIT (earnings before interest and tax), EBT (earnings before tax), and net income are other parts that should be put in. If you are interested in using this type of template, you can download one at the bottom of this page.
Profit Loss Template | Excel – download
