Free business template

Profit & Loss Statement
Template

A busy business can still be an unprofitable one.

See what your business earned, what it cost to earn it, and what was left as profit. Use this free Profit & Loss Statement Template to bring your revenue, direct costs and operating expenses into one clear view.

Free to use. No sign up required.

Profit & Loss Statement
Your Business Name
JanuaryFebruaryMarchQ1 Total
Revenue
Sales Revenue5,0005,8006,20017,000
Other Revenue200150300650
Total Revenue5,2005,9506,50017,650
Cost of Goods Sold
Opening Stock1,0001,2001,1003,300
Purchases1,5001,6001,8004,900
Total Cost of Goods Sold2,5002,8002,9008,200
Gross Profit2,7003,1503,6009,450
Operating Expenses
Rent5005005001,500
Marketing3003504001,050
Salaries8008008002,400
Utilities150200180530
Other Expenses200250300750
Total Expenses1,9502,1002,1806,230
Net Profit7501,0501,4203,220
Track revenue

See how much your business earned during the period.

Track direct costs

Record the costs directly connected to the products or services you sold.

See gross profit

Understand what is left after the direct cost of your sales.

Track operating expenses

Keep rent, salaries, marketing and other running costs organised.

See net profit

See what remains after your business costs and expenses have been taken into account.

Everything you need to build a clearer picture of profit.

The template gives you a simple structure for recording the numbers that make up your Profit & Loss Statement.

Revenue section
Gross Profit calculation
Cost of Goods Sold section
Operating expenses
Net Profit calculation
Monthly tracking
Annual totals
Automatic formulas
Example entries to help you get started

Choose one format that works for you.

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Google SheetsUse it online

Work in your browser, access the template from different devices and share it with someone else if you need to.

We’ll add the live Google Sheets link when it is shared.
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Microsoft ExcelDownload the spreadsheet

Prefer working from your computer? Download the Excel version and use it offline.

We’ll add the Excel file when it is shared.

How to use your Profit & Loss Statement Template

You do not need to be an accountant to use it. Start with the numbers you already have.

1

Add your revenue

Enter the money your business earned during the period. Include sales and other income that belong to that month.

RevenueJanuary
Sales Revenue5,000
Other Revenue200
Total Revenue5,200
2

Add your direct costs

Enter the costs directly connected to the products or services you sold.

Cost of Goods SoldJanuary
Opening Stock1,000
Purchases1,500
Total Cost of Goods Sold2,500
3

Add your operating expenses

Record the costs of running the business, such as rent, salaries, marketing, utilities and software.

Operating ExpensesJanuary
Rent500
Marketing300
Salaries800
4

Review your profit

The template calculates your gross profit and net profit. Compare with previous months to see what is improving and what needs attention.

Profit SummaryJanuary
Gross Profit2,700
Net Profit750

What is a Profit & Loss Statement?

A Profit & Loss Statement, also called a P&L or income statement, shows how much your business earned, what it cost to generate those sales, what you spent running the business and whether you made a profit or loss during a period.

After all the work your business did, did it actually make money?

Frequently asked questions

Is this Profit & Loss Statement Template free?

Yes. The Profit & Loss Statement Template is free to use. You can open it in Google Sheets or download the Excel version. No sign-up is required.

Can I customise the template?

Yes. Rename revenue lines, direct-cost categories and operating-expense categories to match your business, and add rows for income or costs that are specific to you.

What is the difference between gross profit and net profit?

Gross profit is revenue minus the direct cost of the products or services you sold. Net profit goes further by subtracting operating expenses such as rent, salaries, marketing, utilities and software.

What is the difference between profit and cash flow?

Profit tells you whether the business earned more than it spent over a period. Cash flow tracks when money actually enters and leaves the business. A profitable business can still be short on cash.

How often should I update my Profit & Loss Statement?

For most small businesses, monthly is a good baseline. Update it after each month closes so you can compare revenue, gross profit, expenses and net profit over time.

Keep working on your numbers.

When a spreadsheet is no longer enough

Your P&L should not have to be rebuilt every month.

A Profit & Loss template gives you a clear place to organise your numbers. But you still have to collect those numbers from your sales, stock, payments and expenses. Belvara is built to keep those parts of your business connected, so you can spend less time rebuilding spreadsheets and more time understanding what is actually happening.

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