Profit & Loss (P&L) Statement - A Notion Template

Easily create P&L statements for your business!

Profit-and-loss (P&L) statement is a summary of a company's revenues, costs, and expenses over a period of time, typically a fiscal quarter or a fiscal year.

P&L statement is one of financial statements, also known as the Income Statement.

A P&L statement shows how profitable a company was, or it can be used to estimate the future profitability of a company.

The template is designed to make creating P&L statements quick and easy, with pre-populated categories for revenue, expenses, and taxes. Simply input your financial data and our template will automatically calculate your net profit. No more spending hours organizing data or worrying about making errors in your calculations.

FAQ

• What is Notion?

Notion is a highly configurable productivity and note-taking tool.

• How do I use this template?

Create a free Notion account (if you don't have one already), purchase the template, open the link to the template, and duplicate it. Enter your own financial data, either for planning or to get an overview of how your business is doing.

• Why do I need P&L statement?

Some say without a P&L you don't have a business. While this may sound extreme, it does make you better understand where the money is going. Relying solely on revenue may be misleading since it does not tell you if your business is profitable or not. When you gather both income and expenses, you can only see how much of the revenue remains.

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