Blank Profit And Loss Statement Pdf

Blank Profit And Loss Statement Pdf – A profit and loss statement measures the activity of a company over a period, which is usually a month, a quarter or a year. This financial report may have different names: profit and loss statement, statement of income, statement of income and expenses or even statement of operations. The profit and loss statement basically tells you the income, expenses, profits and losses. Keep in mind that, in almost all cases, profits and cash flow are not the same thing.

The basic formula for the profit and loss statement is:

Income – expenses = net profit.

The income statements usually have the following format:

Income
– Operating expenses (variables)
= Profit gross (operating) margin
– Fixed costs
= Operating income
+/- Other income or expenses (non-operational)
= Income before taxes
– Income taxes
= Net income (after taxes)

The following are the definitions of these categories:
Income: the money you receive as payment for your products or services.

Operating expenses or variables: are the expenses that go up or down depending on the volume of sales.

Gross margin of profit or operating margin: is the amount that remains when operating expenses are subtracted from income.

Fixed expenses: are expenses that do not vary much from one month to another, and that do not increase or decrease depending on the number of sales. Examples: salaries of office staff, rent or insurance.

Operating income: these are the revenues minus the operating expenses and the fixed expenses.

Other income or expenses (non-operational): usually not related to the operational aspect of the company, but to the way in which the administration finances the business. Under “other income” the interests or dividends of the company’s investments can be included, for example. The category “other expenses” could include interest paid for loans.

Income before taxes: are the income before paying the taxes of the federal and state governments.

Income taxes: The way in which these taxes are shown in the income statement varies according to the type of legal entity. For example, a C corporation almost always shows income tax expense, but S corporations, partnerships, LLCs, and sole proprietors rarely show such expense in their income statement.

Net income (after taxes): is the final amount that appears in most income statements. It represents the total net profit of the company in the period, once all costs and related expenses have been discounted.

Here is a simple example of the statement of results:

Sample Company, Inc.
Example of profit and loss statement
August 1-31, of 2010

Blank Profit And Loss Statement Pdf

Blank Profit And Loss Statement Pdf

Blank Profit And Loss Statement Pdf

The following are the definitions of these categories:

Income: the money you receive as payment for your products or services.

Operating expenses or variables: are the expenses that go up or down depending on the volume of sales.

Gross margin of profit or operating margin: is the amount that remains when operating expenses are subtracted from income.

Fixed expenses: are expenses that do not vary much from one month to another, and that do not increase or decrease depending on the number of sales. Examples: salaries of office staff, rent or insurance.

Operating income: these are the revenues minus the operating expenses and the fixed expenses.

Other income or expenses (non-operational): usually not related to the operational aspect of the company, but to the way in which the administration finances the business. Under “other income” the interests or dividends of the company’s investments can be included, for example. The category “other expenses” could include interest paid for loans.

Income before taxes: are the income before paying the taxes of the federal and state governments.

Income taxes: The way in which these taxes are shown in the income statement varies according to the type of legal entity. For example, a C corporation almost always shows income tax expense, but S corporations, partnerships, LLCs, and sole proprietors rarely show such expense in their income statement.

Net income (after taxes): is the final amount that appears in most income statements. It represents the total net profit of the company in the period, once all costs and related expenses have been discounted.

Here is a simple example of the statement of results:

Sample Company, Inc.
Example of profit and loss statement
August 1-31, of 2018

Organizational chart
Product sales $ 12,000
Sales of services $ 3,000
Total operating income $ 15,000
Operating expenses
Cost of goods sold $ 7,000
Gross profit $ 8,000
Fixed costs
Rental $ 1,500
insurance $ 250
Office items $ 150
Public services $ 100
Total fixed expenses $ 2,000
Organizational chart $ 6,000
Other income (expenses)
Interest on loans ($ 500)
Earnings before taxes $ 5,500
Income taxes $ 500
Net earnings $ 5,000

Gallery of Blank Profit And Loss Statement Pdf

( Click Image to Enlarge )

See More!

Incoming search terms: