Our tutorial breaks down the process of creating a profit and loss statement in Excel for small businesses into three easy steps, so you can get started using our customizable templates. We’ve included instructions for customizing your template using basic Excel formulas.

A profit and loss statement template, sometimes referred to as a P&L template or income statement, is a financial report that lists a company’s costs, income, and profits for a given period. A sample profit and loss statement demonstrates a company’s ability to make money, drive sales, and control costs.

Profit and loss account format is built in excel and is using the excel formulas to aggregate the total profit or loss of a company even of a small business.

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.

Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button. Replace sample data with your actual data: Once the template is downloaded, open it in Excel.