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Posted: Fri 27th Mar 2026
A profit and loss statement, also known as a P&L, provides a clear picture of your business' financials – how money comes in and how it goes out.
This is a simple template that helps you track all your income, such as sales revenues and interest, as well as production costs and your outgoings like shipping, utilities, supplies, payroll and transport costs.
This snapshot provides a quick view of your financial situation and makes it easy to calculate your profits.
At any point, profit and loss statements are useful for giving you a quick insight into the health of your company.
Creating P&L statements is also a legal requirement for limited companies, as they must be submitted annually.
This is a simple way to spot problems without getting overwhelmed with too much detail and can make it easier to see what's really going on with your business, helping you make decisions about the future.
You can download this template above and edit it as needed for your business.
Add any additional fields relevant to your business and skip any fields that aren't. Keep your finished file as a template for future profit and loss statements.
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