20 Profit and Loss Statement Template for Small Business

20 Profit and Loss Statement Template for Small Business

•

Updated: January 30th, 2022

Do you need a guide on creating your business profit and loss statement?

Profit and Loss Statement (P&L Statement), also known as Income Statement is helpful to summarize your business revenues and expenses during a specific time. It helps you analyze and compare your business performance monthly, quarterly, semi-annual, or annually. It helps determine whether you're gaining or losing.

In this article, we’ve researched and collected the best profit and loss statement templates to help you streamline your profit and loss statement process.

Here they are:

1. Simple Profit & Loss Statement

Here's a sample template of a simple profit and loss statement you can edit according to your income and cost. (source)

See a preview of this template:

2. Monthly Profit & Loss Statement

The monthly Profit & Loss Statement shows all the detailed information in a series of monthly columns. (source)

See a preview of this template:

3. Annual Profit & Loss Statement

The Annual Profit & Loss Statement summarizes the revenues, costs, and expenses incurred and is best for a business that's been operating for years. (source)

See a preview of this template:

4. Single Step Profit & Loss Statement

Single-Step Profit & Loss Statement is a straightforward form of P&L Statement. It has only subtotals for revenue and expenses. (source)

See a preview of this template:

5. Common Size Profit & Loss Statement

The Common-Size Profit & Loss Statement expresses all income and expenses as a percentage of total revenue. It helps identify trends or anomalies, either positive or negative, and shows the historical performance over multiple periods. (source)

See a preview of this template:

6. Self Employed Profit & Loss Statement

Self-Employed Profit & Loss Statement is a freelancer's report for gross income from self-employment and gross expenses (source)

See a preview of this template:

7. Day Care Center Profit & Loss Statement

It is a sample of a Daycare Profit & Loss Statement showing the revenue sources and detailed expenses for one month. (source)

See a preview of this template:

8. Quarterly Profit & Loss Statement

A quarterly Profit & Loss Statement is a statement that summarizes the business revenues, costs, and expenses incurred quarterly. (source)

See a preview of this template:

9. Multi-Step Profit & Loss Statement

This type of income statement is more detailed compared to single-step. It categorizes incomes and expenses into operating and non-operating subtotals. (source)

See a preview of this template:

10. Comparative Profit & Loss Statement

A Comparative Profit & Loss Statement compares the operations over the different periods. It helps you analyze profitability over time, the financial trends, and measure performance. (source)

See a preview of this template:

11. Contribution Margin Profit & Loss Statement

Contribution Margin Income Statement is the unit price minus all variable costs per unit. This statement shows whether the efforts for the period have been profitable or not. It helps determine a business' break-even point. (source)

See a preview of this template:

12. Pro forma Profit & Loss Statement

Pro Forma Income Statement is based on predictions or possibilities forecasting what may happen in anticipating an event. (source)

See a preview of this template:

13. Projected Profit & Loss Statement

A Projected Profit & Loss Statement uses projected figures for a future period assuming the operation is continuous. They use this for decision-making and budgeting purposes. (source)

See a preview of this template:

14. Absorption Income Statement

Absorption Costing Profit and Loss Statement is the standard format for preparing an income statement for external reporting required by GAAP (Generally Accepted Accounting Principles). Here, manufacturing expenses (variable included) are considered part of product costs. (source)

See a preview of this template:

15. CVP Income Statement

The Cost-Volume-Profit Income Statement (CVP) is an internal use report used to analyze the effects of changes in volume and costs on profit. (source)

See a preview of this template:

16. Variable Costing Income Statement

Variable Costing Income Statement is for internal reporting of financial statements. Only direct costs like materials, labor, overhead variances are considered part of product costs, and remaining overhead manufacturing expenses are considered periodic expenses and deducted from the gross profit for that period. (source)

See a preview of this template:

17. Rental Property Profit & Loss Statement

You can use this rental property profit and loss statement to monitor your income from your rental properties and incurred expenses. (source)

See a preview of this template:

18. Service Business Profit & Loss Statement

When you're a service provider, use this service business profit and loss statement template to keep track of your income. Here, the revenue comes from services rendered by individuals hence the calculation of the cost of goods is a smaller task. (source)

See a preview of this template:

19. Vehicle Profit & Loss Statement

Are you in the car business? you can use this vehicle profit and loss statement to monitor your income (source)

See a preview of this template:

20. Juice Bar Profit & Loss Statement

Are you in the bar business? Use this juice bar profit and loss statement sample to monitor your business income. (source)

See a preview of this template:

meet the author

Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.

See full profile

Starter Story

See exactly how online businesses get to millions in revenue

Join Starter Story