Understand your business's profit and loss (P&L) statement
For business owners and operators, profit and loss (P&L) statements provide critical information for assessing financial health and profitability. This indispensable tool allows you to see how well you’re doing over a specific time period, while also offering insights into how you can improve operations.
In this editable Microsoft Excel template, you’ll be able to track:
Sales and revenue breakdownÂ
Cost of goods sold (COGS)
Labor cost and prime cost percentageÂ
Operating costsÂ
Net profit or loss
