PROFIT & LOSS

The template generates a dynamic automated Profit and Loss Statement, also called an Income Statement. 


The Category we picked when entering the financial transactions in Transactions sheet are key to this. 

 

  • INCOME
  • COST OF SALES
  • OPERATING EXPENSE
  • OTHER

 

The template calculates profit using the following formulas

 

  • Gross Profit = (Income – Cost of Sales)
  • Operating Profit = (Gross Profit – Operating Expense)
  • Net Profit = (Operating Profit – Other)

 

Here is a screenshot of the Profit & Loss Statement. 


 

The statement shows the subcategories as well. There can be up to 33 sub categories. Total number of lines in Profit & Loss Statement is 40. 7 are taken for the subtotals in fixed lines: 1. Income, 2. Cost of Sales, 3.Gross Profit, 4. Operating Expense, 5. Operating Profit, 6. Other, 7. Net Profit. 


You can also view the trends of the key metrics in a chart.


A screenshot of a cell phone Description automatically generated

From the drop-down, you can choose one of the 7 metrics to display on chart.

The  template supports 12 periods at a time in the display. It could be 12 months, 12 quarters or 12 years. 


You can control the start date and the periods - as shown below.