Printable Profit and Loss Statement for Companies
Every company needs to issue printable profit and loss statement every specific period of time. The statement is incredibly important, especially when the company is already well-established and has a lot of investors and shareholders within it. The statement is going to clearly state whether or not it has been making money or losing money. Without such statement, it can be hard to track the actual financial condition of the company.
The Key Elements of Profit and Loss Statement
In a printable profit and loss statement, there are two key elements that have to be there and written very clearly. Because the statement is generally just like a financing report, it has to be completed by the two most essential elements: incomes and expenses. These are two most general elements in money-related reports.
- Company’s Incomes
The company’s income is basically the money that company makes during particular period of times. It includes the money from sales and other sources of money. It has to be written very clearly to make sure that every single cent produced by the company is actually recorded.
- Company’s Expenses
The company’s expenses should always be the longer list on the statement. The expenses are generally numerous, unlike the income. It covers everything the company pays for during the period. It is including the expenses for accounting and advertising. It also shows how much money the company spends for wages, interest, utilities, rent, and many more.
Different Types of Profit and Loss Statement
- Quarterly Profit and Loss Statement
When a company’s money flow is quite heavy, the statement has to be made more frequently. It is common to issue the statement once a year, but in this case, the report will be made four times a year. It means that every single statement covers three months period. If this is the format that you want the statement to have, you can get the templates and examples here.
- Annual Profit and Loss Statement
In average, a lot of companies tend to choose making this statement once in a year. The report is usually made by the end of the year and then issued just after the beginning of the New Year. For those who want to make this annual report, get the printable profit and loss statements using this concept right here.
- Two-year Profit and Loss Statement
Two-year statement about profit and loss of a company does not mean that the statement is made every two year. It means that the statement has a feature to compare this year’s report to the previous’ year report. The side-by-side report will make it easier to tell whether or not the company gets better from last year, financially.
Any company, whether it is big or small, needs to make this type of statement. It is going to detect the continuity of the company, too. Naturally, profitable company has big chance to go beyond and forward. On the contrary, company with frequent loss won’t surprise everyone inside of it when at some point it goes bankrupt. This is why the printable profit and loss statement is always needed right from the start.
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