Hello there, welcome to another video. This is the book you can master on YouTube. This is another video that is part of the business planning series. In this video, I'm going to show you how to create a template like this one here for a projected profit and loss statement. The projected profit and loss statement gives an annual summary of projected profit or loss that is going to be made in that year, in those 12 months. So it's like you'll make three of these if you're doing a three-year business plan. You would create a projected profit loss statement for each year and then perhaps a final one that summarizes all three years. Now, a lot of people will get confused as to why you do a projected profit and loss statement once you've done a cash flow statement. The reason being is that the projected profit and loss statement focuses on the profit or loss that is going to be made annually, whereas a cash flow statement focuses on cash and takes into consideration assets liabilities, such as loans going into the business and loans being paid back. A projected profit loss statement doesn't take into consideration any assets or liabilities, it's purely just sales and expenses which equals your profit. Another difference is a cash flow statement can be month-to-month or even week-to-week, whereas a profit loss statement, generally especially a projected profit and loss statement, is usually for a year, which is twelve months. So let's create this statement and I'll show you how to do it. First, create a new tab. Then, click print preview to get these lines up on the spreadsheet so you know where it's going to print. Merge and center the top row and second row, and then let's put in "projected...
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Monthly Profit And Loss Template Form: What You Should Know
Profit and Loss Statement Templates- Pivot Tables Profit and Loss statement templates for each business section and other pages. Use this monthly P&L to calculate the profit and loss you need, and How would you like to create profit and loss statement for your business? Download here you can print out this profit and loss form template and use it on your business How do I create profit and loss sheet for my business? A. On a separate sheet of paper. B. Enter the profit and loss statements and the expenses you have incurred in that month, C. Determine net income and net profit D. Calculate gross profit and gross profit margin E. Determine net income and total expenses. F. Add up the total profits and deduct the expenses. G. Calculate the net income of the month and multiply net income by the number of months in a year H.
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