First Year Profit & Loss Projection + 3 Year Profit Financial Projection & History Bundle

The P&L is comprised of two main parts: the income earned during the period of the statement and the expenses during the same period. These two parts are broken down into the various entries relevant to your business. Not every P&L will have the same lines.

What is the difference between a balance sheet and a P&L?

Here's the main one: The balance sheet reports the assets, liabilities, and shareholder equity at a specific point in time, while a P&L statement summarizes a company's revenues, costs, and expenses during a specific period of time.

Use our Excel spreadsheets to enter your business information to see if you are making a profit or incurring losses, so you can quickly fix your errors, which ultimately could be your current pricing model being incorrect!