Profit and Loss Statement Template For Small Businesses

Are you a self-employed individual looking for an affordable and effective way to track your income and expenses without monthly software fees?

Do you want to avoid the expense of hiring an accountant or bookkeeper to create a Profit and Loss statement for your business?

Small business financial expert and Certified Public Accountant Jamie Trull has created a simple-to-use Excel Spreadsheet for your Profit and Loss Statements with a dashboard to help you easily see your net income and expenses. 

This user-friendly and customizable template allows you to easily track your business's financial performance without the need for specialized software or outside help. Whether you're just starting out or have been in business for years, our template is the perfect solution for keeping your finances organized and on track.

Organize your business finances in just 15 minutes a month

Create professional-looking financial statements your tax accountant will love you for

Fully customize your accounts to create a P&L that is actually useful to you

Easily view your P&L by month and Year-to-Date

Make informed business decisions based on accurate financial data

Identify areas where you can cut costs and increase profits

Avoid overly complicated and expensive bookkeeping software

With this Profit and Loss Account Template and Dashboard you'll be able to: 

• Organize your business finances in just 15 minutes a month
• Create professional-looking financial statements your tax accountant will love you for
• NEW! Ability to do reconciliations to your bank and credit card statements
• Fully customize your accounts to create a P&L that is actually useful to you
• Easily view your P&L by month and Year-to-Date
• Make informed business decisions based on accurate financial data
• Identify areas where you can cut costs and increase profits
• Avoid overly complicated and expensive bookkeeping software

The Profit and Loss Template and Dashboard is an affordable and easy-to-use solution for self-employed individuals looking to take control of their business finances. No more scrambling at tax time! Try it out today and see the difference it can make for your business!

Here are some popular FAQs about the Profit & Loss Template and Dashboard

What is a P&L template, and how can it help my business?
A P&L (Profit and Loss) template is a financial tracking tool that allows you to record and monitor your business's revenue and expenses. It can help you understand your business's financial performance and make informed decisions about budgeting, forecasting, and planning. It also serves as the basis of tax preparation.

Is the P&L Template and Dashboard suitable for all types of small businesses?
Our P&L Template and Dashboard are best suited for small business owners who are sole proprietors or LLCs (not S or C Corporations) who are looking to simplify their bookkeeping and avoid ongoing software fees.

It may not be suitable for those with over 500 transactions a month or who have more advanced needs, like a balance sheet or inventory tracking.

Can I customize the P&L template to fit my specific business needs?
Yes, our P&L template is fully customizable, so you can tailor it to your business's specific needs. We provide you with a starting chart of accounts, however, you are able to customize it to include more specific income and expense accounts to your needs.

Are there any instructions or guidelines on how to use the P&L template and dashboard?
Yes, we provide detailed instructions and a video walkthrough on how to use the P&L Template and Dashboard to get the most out of the tool.

Is the P&L Template and Dashboard compatible with Excel and Google Sheets?
Yes, our P&L template and dashboard are compatible with both Excel and Google Sheets. Make sure to save your progress somewhere you will remember it so you don’t lose it!

What are the benefits of using the P&L template and dashboard over other financial tracking tools?
Our P&L Template and Dashboard are built with simplicity in mind and designed to be user-friendly and straightforward. You can quickly and easily create a P&L and analyze your data using the Dashboard, making it easy for small business owners to understand their financial data. It is also affordable and customizable, allowing you to tailor it to your business's specific needs.

What kind of support is available if I have trouble using the P&L template and dashboard?
If you have any technical issues with the template, shoot us an email at support@balancecfo.com and we’d be happy to assist.

How frequently should I update my P&L Statement?
We recommend updating the P&L template and dashboard on a monthly basis to ensure that your financial data is up to date.

How Spreadsheet-savvy do I need to be to use this?
No spreadsheet savviness required, that's what we’re here for! We have simplified the process to make it completely plug-and-play, and provide help and tutorials along the way!

What summary information is included in the P&L and Dashboard?
You’ll be able to see a Monthly and Year-to-Date P&L. Additionally, the Dashboard will show you charts and graphs illustrating the following: 1) Revenue by Month, 2) Expenses by Month, 3) Revenue by Category, 4) Top 5 Expenses, 5) Profit (Loss) by Month, and 6) Profit by Quarter

How will I get access to the Profit and Loss Template and dashboard? 

The Profit and Loss Template and Dashboard is a downloadable product. Once you complete your purchase, you will receive access to a digital download, allowing you to obtain and use the template.

Is there a refund policy for the P&L Template and Dashboard?
We want you to be happy with your purchase, therefore we have a satisfaction guarantee on the product. For more information, see our full terms and conditions here: https://powerinnumbersshop.com/policies/refund-policy 

The Profit and Loss Template and Dashboard is an affordable and easy-to-use solution for self-employed individuals looking to take control of their business finances. No more scrambling at tax time! Try it out today and see the difference it can make for your business!

Ready to level up your Financial Fitness? Check out our Financial Fitness Basics Course and take your  business to the next level! Our comprehensive course covers everything from budgeting and forecasting to tax tips and financial planning. Purchase the course alongside your P&L Template and Dashboard for even better results!