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The following Excel spreadsheet provides a template of a typical Profit and Loss statement also known as a Statement of Income which may be useful for your small business accounts. Youll find profit and loss templates in Excel are easy to use and configure to any business in minutesno accounting degree necessary. If there is a risk of being loss you can check which income sources or variable expenses you should adjust. The Profit and Loss account Excel template is a pre-formatted layout built to help you manage transactions and accounting data for the year ending X where X is a variable number of the year of the transaction. If you want to create a profit and loss statement you can use our income statement template and change the title. You can also check a simple project management template excel. The templates are Excel based and each come with a 5 year profit and loss balance sheet and cash flow projection along with a number of graphs and tables to visualize your projections. A Profit and Loss Statement is another name for the Income Statement. Furthermore It enables you to summarize the revenues costs and expenses that a company incurs a specified period. The profit and loss statement template excel is designed to help keep track of profits and losses within your business.
