Profit & Loss Statement

There are, and some are fine. The difference is what has been checked. This file was built from scratch, then every formula in it was recalculated by a separate checker that compares each result against an independently worked-out answer — 15 of them here. A template that looks right and totals wrong is worse than no template at all, and that is the usual failing of one downloaded from a search result.

It also opens with sample rows already filled in, so you can see every formula working before you touch it, and it is set up to print without fighting the page setup. No email wall, no signup, no watermark, and you can use it commercially.

A profit and loss statement shows whether a business actually made money over a period. This Excel P&L template takes your own line items, each tagged as revenue, cost of goods sold or operating cost, and works out gross profit, net profit and both margins.

Every line is also shown as a percentage of revenue, so you can see at a glance which costs are eating into profit.

Tag every line Revenue, COGS or Opex using the dropdown — the margins depend on it.

The file opens with sample rows so you can see every formula working before you change anything. Type your own figures over them. When you need more rows, insert them inside the existing block rather than underneath it, so the totals keep covering every row.