Profit and Loss Statement for Small Business showing revenue, expenses, and net income over a year.

All Industries, Financial Model, General Excel Financial Models

Budgeting, Financial Model, Financial Planning, Income Statement

General Overview
The model is a profit and loss statement with variance analysis
The model is constructed for small business to be used by financials and business owners

Why the model is important for you as a business owner?

The model gives the chance to business owners to prepare the profit and loss statement in a short time on a monthly basis by recording the revenue and expenses as well as preparing the budget for 12 months
The profit and loss statement shows your business’s revenue, expenses, cost, and income on monthly basis.
Business owners can use the profit and loss statement to determine whether they need to improve their bottom line by increasing revenue or cutting costs.
As a business owner, you must track the money going in and out of your company to keep your finances on track, on the way you can do this is by monitoring your profit and loss statement for your business
The model is also a great tool for all sized enterprises but needs to add the balance sheet and cash flow
Very simple to use, the user only needs to fill the green cells in the green tabs for actual data and fill the green cells in the orange tabs for 12 months budget, and the outputs are updated instantly
When you select the current month on the front page, the budget YTD, actual YTD are updated instantly

Inputs
Update the general info on the Front Page
Select the current month by choosing the selection box in the “Front Page” sheet, column D, row 18
Fill the actual data on monthly basis in the green tabs, fill only the green cells
Fill the budget in the orange tabs, Fill only the green cells

Outcome
The data will dynamically flow into the following below

-Profit and loss statement by month including 3 major component, gross profit, operating, and net profit
-Budget for 12 months including 3 major components, gross profit, operating, and net profit
-Variance analysis actual versus budget

Conclusion and customization
Highly versatile, very sophisticated financial template and friendly user
If you have any inquiry, modification or to customize the model for your business please reach us through: [email protected]

File Types:
Excel Version – .xlsx
Free Version – .pdf

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