Loading...Download the Profit and Loss Balance Sheet Template that once completed and calculated, will determine profit or loss in any business. The document will address business income and business expenses. Finally it will provide an answer to profit or loss. This should help improve the business practices to create profit and/or increased profit.
How To Write
Step 1 – Section 1 – Year To Date Profit and Loss Statement-
- Enter the following at the top of the page:
- For – Enter the name of the business
- Date – mm/dd/yyyy
Step 2 – Section 2 – Income –
- Enter the income as follows:
- Your business income
- Total Income
Step 3 – Section 3 – Business Expenses –
- Enter all business expense information as required:
- Advertising/Marketing
- Credit/Debit Card Fees
- Equipment Rental/Lease
- Insurance Expense
- License/Permits
- Office Supplies Expenses
- Postage and Delivery
- Rentals – Office Space/Storage/ Other
- Supplies/Materials Expenses
- Travel/Entertainment
- Utilities Expenses
- Vehicle Expenses
- List Any Other Business Expenses Not Listed Above
- Calculate by adding lines 3 through 17 to acquire a figure for business operating expenses to be entered into line 18
Step 4 – Section 4 – Profit or Loss –
- Subtract line 2 from line 18
- Enter final calculation in line 19 (this will show profit or loss and in what amount)
Step 5 – Section 5 – Preparation Information –
- Prepared By -(enter the name of the person who had prepared this document)
- Date mm/dd/yyyy