How do you do a P&L in Excel?
Asked 3 years ago
I need to do a profit and loss report. Does anyone know how to do it on excel?
Abeeha Qasmi
Friday, January 21, 2022
Excel offers a ready-made P&L template that you can use to ease your business's financial analysis in spreadsheets. If you wish to create your own simple P&L report in Excel, follow these steps:
- Start by inserting the heading and the period you will prepare the report.
- Create three sections, namely Revenue, Expenses, and Summary.
- Add all the revenues such as service, interest, and sales revenue under the revenue section.
- Sum up all the revenues using the SUM function.
- Similarly, add all expenses like advertisements and employee expenses and compute their total using the SUM formula.
- Calculate the profit or loss under the summary section using the formula: Net Profit/Loss = Net Revenue - Total Expenditures
- Print your P&L report after completion.
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