🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 112 (from laksa133)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa112.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://lili.co/resources/accounting/profit-and-loss-statement\')), getAhrefsUnparsedNoserviceFromURL(\'https://lili.co/resources/accounting/profit-and-loss-statement\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement","crawl_time":1775484787,"first_indexed_time":1694338054,"http_code":200,"src_unparsed":"co,lili!\/resources\/accounting\/profit-and-loss-statement s443","src_root_hash":"15993776030671013112","history_drop_reason":null,"meta_title":"Profit and Loss Statement Guide and Free Templates | Lili","meta_descriptions":["Check out our free downloadable Profit and Loss statement templates and get a head start in assessing the profitability of your business."],"attrs_boilerpipe_text":"Guide & Templates\nLooking to understand the financial performance of your business? Review our guide to Profit & Loss statements and get a head start in preparing one with our free downloadable profit and loss statement templates.\nWhat is a Profit and Loss Statement?\nA profit and loss statement, or P&L statement, is a financial document that helps you understand your business’s profitability over time. By contrasting your business income with your expenses, profit and loss statements help track your overall profits and identify periods of loss.\nA P&L statement includes three primary sections: business expenses (money going out), revenue (money coming in), and net income (the difference between the two, commonly referred to as your profit margin).\nSmall businesses often use profit and loss statements to demonstrate their profitability to potential investors or when applying for a bank loan. P&L statements are one of the essential financial statements for businesses, along with balance sheets and\ncash flow statements\n. They are necessary for proving the status your business finances, and an important tool for you to assess whether your business is in the black (profitable) or the red (operating at a loss).\nProfit and Loss Statement\nexamples and templates\nCreating a Profit and Loss statement for the first time can be overwhelming, but you can use this example to understand how a P&L statement should look.\nGet a better idea about how to evaluate your business’s profitability with this P&L statement example.\nDownload\nLili prepares P&L statements for you\nLili’s Accounting Software automatically generates financial reports based on your transaction categorization, including Profit & Loss statements.\nHow to create a Profit and Loss Statement\nSet your time range\nDetermine the period of time for which you need to create a profit and loss statement. This can be anything from a month to a financial quarter or even a year.\nInput profits and losses\nIdentify all revenue and expenses for the selected period of time, and input this information into your P&L statement template.\nCustomize for your business\nAll of our free profit and loss statement templates are customizable to your needs! Edit or remove line items that are not relevant to your business, or add in lines as you go to fit with unique revenue sources and business expenses.\nCheck Excel formulas\nDon’t assume the formulas are acting as they should! Double check formulas for fields such as Total Expenses and Net Profit, making sure the calculations are filling correctly.\nSave your results\nSave a copy of this P&L statement for your business records, or convert it to a PDF and share with the appropriate parties (e.g. an investor or lender).\nWhat is the purpose of a P&L Statement?\nA profit and loss statement is helpful for your own understanding of your business’s financial health. It is a quick way to check whether your business is operating at a profit or a loss, helps you review expenses to understand where you can increase spend (or where you need to cut costs), and helps you check in on the quality of your profit margin.\nP&L statements are also a helpful way to outline your business’s current and projected profitability to any outside entities that may require it. Investors will want to see that you are operating at a profit, or have a pathway to future profitability. Lenders will need to see where your business is at financially right now, and how you plan to improve in the future. Business finances naturally will ebb and flow, and a profit and loss statement can demonstrate how these changes pan out over time.\nProfit & Loss Statement Format\nA profit and loss statement includes a number of elements that are relevant to your business finances, including:\nNet sales\/Revenue\nYour total business revenue for the given period of time. This may look different depending on your accounting processes and the type of business you are running.\nCost of Goods Sold (COGS)\nExpenses associated with producing the products or services you provide, such as raw materials, employee wages, and shipping expenses.\nBusiness Expenses\nOperating expenses related to selling and marketing, and administrative expenses associated with your business that are not directly related to the production of goods or services. Examples of such expenses include rent, advertising, and software subscriptions.\nNet Income\nYour pre-tax income.\nEarnings per Share (EPS)\nNet income divided by the number of shares for the given period of time.\nDepreciation\nValue lost by depreciating assets such as equipment, inventory, vehicles, and property during the specified period of time.\nEarnings Before Interest, Tax, Depreciation, and Amortization (EBITDA)\nEarnings for the selected period of time after subtracting all internal costs, but before subtracting external costs (interest, tax, depreciation, and amortization).\nFrequently asked questions\nYes, you can create your own profit and loss statement!\nA P&L statement can be manually prepared either by starting from scratch, or by using a statement template, like the downloadable statements templates\navailable above\n.\nStreamline your business accounting with Lili\nSimplify your bookkeeping with instant transaction categorization, and gain clarity about your business’s financial status with income & expense insights and auto-generated financial reports. Make it easier to balance your books with Lili’s Accounting Software.\nRelated Financial Report Guides","attrs_markdown":"- [Business Banking](https:\/\/lili.co\/business-banking)\n  [Business Banking Advanced banking for small businesses, with the tools to move faster, scale smarter and stay in control.](https:\/\/lili.co\/business-banking)\n  \n  - [Business Checking Powerful checking with a Lili Visa® Debit Card and no monthly fees on Lili Core 14](https:\/\/lili.co\/business-banking#online-banking \"Business Checking\")\n  - [High-Yield Savings Earn up to 4.00%% APY up to \\$1M with no minimums or lockups3](https:\/\/lili.co\/business-banking#apy-fdic \"High-Yield Savings\")\n  - [FDIC Insurance Up to \\$3M Secure large working capital balances through our sweep network12](https:\/\/lili.co\/business-banking#apy-fdic \"FDIC Insurance Up to $3M\")\n  - [International Wires Send and receive money globally in over 130 currencies9](https:\/\/lili.co\/international-payments \"International Wires\")\n  - [Fast Payments Move money quickly with Express ACH, expedited check deposits11 and domestic wires](https:\/\/lili.co\/business-banking#fast-payments \"Fast Payments\")\n  - [Business Integrations Connect banking activity with the accounting, payroll, and ecommerce tools you already use](https:\/\/lili.co\/business-banking#business-integrations \"Business Integrations\")\n- [Business Credit](https:\/\/lili.co\/business-build)\n  [Credit-Building Program A fully integrated solution to help you build, monitor, and optimize your business credit profile—in collaboration with Dun & Bradstreet.13](https:\/\/lili.co\/business-build)\n  \n  - [Credit Monitoring Monitor your business credit profile in real time with an Integrated dashboard powered by Dun & Bradstreet](https:\/\/lili.co\/business-build#Creditmonitoring \"Credit Monitoring\")\n  - [BusinessBuild Credit Card Grow your credit profile with a secured card built to support your business spending](https:\/\/lili.co\/business-build#creditcard \"BusinessBuild Credit Card\")\n  - [Alerts & Updates Receive instant alerts on changes to your business credit profile, keeping you informed at every step](https:\/\/lili.co\/business-build \"Alerts & Updates\")\n  - [Training & Education Access tools and resources to help you understand, build, and optimize your business credit with confidence](https:\/\/lili.co\/business-build#optimize \"Training & Education\")\n- [Financial Tools](https:\/\/lili.co\/accounting)\n  [Financial Tools Built-in financial capabilities to manage payments, records, and financial readiness as your business grows.2](https:\/\/lili.co\/accounting)\n  \n  - [Invoicing Software Create, send, and track invoices to get paid faster and stay organized](https:\/\/lili.co\/accounting#invoicing-bill-pay \"Invoicing Software\")\n  - [Bill Pay Pay vendors and suppliers efficiently while keeping control over outgoing cash](https:\/\/lili.co\/bill-pay \"Bill Pay\")\n  - [Smart Bookkeeping Automatically categorize transactions for cleaner books and clearer reporting](https:\/\/lili.co\/accounting#bookkeeping \"Smart Bookkeeping\")\n  - [Tax Savings Set aside funds and prepare throughout the year to stay tax ready](https:\/\/lili.co\/tax-preparation#tax-saving \"Tax Savings\")\n  \n  [Plans & Pricing Choose the plan that gives you the right financial tools to operate with confidence at every stage. See Pricing](https:\/\/lili.co\/plans)\n- [Resources](https:\/\/lili.co\/blog)\n  [Resources Explore small business guides, resourceful articles and how to get the most out of your Lili account.](https:\/\/lili.co\/blog)\n  \n  - [Blog Insights and guidance on small business banking and financial operations](https:\/\/lili.co\/blog \"Blog\")\n  - [FAQs Clear answers to common questions about accounts, features, and services](https:\/\/lili.co\/faq \"FAQs\")\n  - [Help Center Self-service support and resources to manage your account confidently](https:\/\/support.lili.co\/hc\/en-us \"Help Center\")\n  - [Customer Reviews Real feedback from businesses using Lili to run their operations](https:\/\/lili.co\/reviews \"Customer Reviews\")\n  - [Partners Learn how platforms and providers work with Lili to deliver embedded banking](https:\/\/lili.co\/lili-connect \"Partners\")\n  - [About Us Our mission to build better banking for real businesses](https:\/\/lili.co\/about-us \"About Us\")\n- [Log In](https:\/\/app.lili.co\/login)   [Get Started](https:\/\/prod.lili.co\/welcome\/)\n\n[Request Demo](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#popup_8204)   [Log In](https:\/\/app.lili.co\/login)   [Get Started](https:\/\/prod.lili.co\/welcome\/)\n\n# Profit and Loss Statement\n### Guide & Templates\nLooking to understand the financial performance of your business? Review our guide to Profit & Loss statements and get a head start in preparing one with our free downloadable profit and loss statement templates.\n\n![PL-Cover-Image 1](https:\/\/lili.co\/wp-content\/uploads\/2025\/01\/PL-Cover-Image-1.png)\n\n[![What\\_Is\\_P\\&L\\_Icon\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/What_Is_PL_Icon_50x50-1.svg) ![What\\_Is\\_P\\&L\\_Icon\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/What_Is_PL_Icon_50x50-1.svg) What is a P\\&L Statement?](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#definition)\n\n[![P\\&L\\_Template\\_Icon\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/PL_Template_Icon_50x50-1.svg) ![P\\&L\\_Template\\_Icon\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/PL_Template_Icon_50x50-1.svg) P\\&L Statement Templates](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#downloadable-templates)\n\n[![Create\\_P\\&L\\_Icon\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/Create_PL_Icon_50x50-1.svg) ![Create\\_P\\&L\\_Icon\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/Create_PL_Icon_50x50-1.svg) How to Create a P\\&L Statement](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#how-to-create)\n\n[![Importance\\_of\\_P\\&L\\_Icon\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/Importance_of_PL_Icon_50x50-1.svg) ![Importance\\_of\\_P\\&L\\_Icon\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/Importance_of_PL_Icon_50x50-1.svg) Purpose of a P\\&L Statement](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#purpose)\n\n[![Customized\\_Invoices\\_Icons\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/04\/Customized_Invoices_Icons_50x50-1.svg) ![Customized\\_Invoices\\_Icons\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/04\/Customized_Invoices_Icons_50x50-1.svg) P\\&L Statement Format](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#format)\n\n[![Help\\_Center\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/Help_Center_50x50-1.svg) ![Help\\_Center\\_50x50 1](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/Help_Center_50x50-1.svg) Frequently Asked Questions](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#faq)\n\n## What is a Profit and Loss Statement?\nA profit and loss statement, or P\\&L statement, is a financial document that helps you understand your business’s profitability over time. By contrasting your business income with your expenses, profit and loss statements help track your overall profits and identify periods of loss.\n\nA P\\&L statement includes three primary sections: business expenses (money going out), revenue (money coming in), and net income (the difference between the two, commonly referred to as your profit margin).\n\nSmall businesses often use profit and loss statements to demonstrate their profitability to potential investors or when applying for a bank loan. P\\&L statements are one of the essential financial statements for businesses, along with balance sheets and [cash flow statements](https:\/\/lili.co\/resources\/accounting\/cash-flow-statement). They are necessary for proving the status your business finances, and an important tool for you to assess whether your business is in the black (profitable) or the red (operating at a loss).\n\n![What is a Profit and Loss Statement\\_](https:\/\/lili.co\/wp-content\/uploads\/2025\/01\/What-is-a-Profit-and-Loss-Statement_.png)\n\n![What is a Profit and Loss Statement\\_](https:\/\/lili.co\/wp-content\/uploads\/2025\/01\/What-is-a-Profit-and-Loss-Statement_.png)\n\n## Profit and Loss Statement  examples and templates\n[Profit and Loss Statement Example](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement)\n\nCreating a Profit and Loss statement for the first time can be overwhelming, but you can use this example to understand how a P\\&L statement should look.\n\nGet a better idea about how to evaluate your business’s profitability with this P\\&L statement example.\n\n[Download](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/pl-statement-example-by-lili.xlsx)\n\n[Simple Profit and Loss Statement Template](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement)\n\nAnalyzing the financial performance of your business doesn’t have to be overly complicated. This simple profit and loss statement template offers a straightforward structure, including a reporting date range, a list of common line items, and built-in formulas to sum up revenue and expenses.\n\nJust plug in your numbers for the defined reporting period and get an instant assessment of the financial health of your business.\n\n[Download](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/simple-pl-statement-template-by-lili.xlsx)\n\n[Multi-Step Profit and Loss Statement Template](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement)\n\nWhen your business achieves a level of growth that necessitates a more in-depth profit and loss report, a multi-step P\\&L statement is likely more appropriate. This statement type separates operating revenue and expenses from non-operating revenue and expenses, providing an understanding of how the core activities of a business impact revenue and expenses, versus its non-essential activities.\n\nA multi-step P\\&L statement enables you to calculate gross profit and operating income, which can be especially useful for external investors evaluating a business.\n\n[Download](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/multistep-pl-statement-template-by-lili.xlsx)\n\nCreating a Profit and Loss statement for the first time can be overwhelming, but you can use this example to understand how a P\\&L statement should look.\n\nGet a better idea about how to evaluate your business’s profitability with this P\\&L statement example.\n\n[Download](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/pl-statement-example-by-lili.xlsx)\n\n## Lili prepares P\\&L statements for you\nLili’s Accounting Software automatically generates financial reports based on your transaction categorization, including Profit & Loss statements.\n\n[Learn more](https:\/\/lili.co\/accounting)\n\n![A Profit & Loss statement automatically generated by Lili](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/PL-Statement-Example-4.png)\n\n![A Profit & Loss statement automatically generated by Lili](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/PL-Statement-Example-4.png)\n\n# How to create a Profit and Loss Statement\n### Set your time range\nDetermine the period of time for which you need to create a profit and loss statement. This can be anything from a month to a financial quarter or even a year.\n\n### Input profits and losses\nIdentify all revenue and expenses for the selected period of time, and input this information into your P\\&L statement template.\n\n### Customize for your business\nAll of our free profit and loss statement templates are customizable to your needs! Edit or remove line items that are not relevant to your business, or add in lines as you go to fit with unique revenue sources and business expenses.\n\n### Check Excel formulas\nDon’t assume the formulas are acting as they should! Double check formulas for fields such as Total Expenses and Net Profit, making sure the calculations are filling correctly.\n\n### Save your results\nSave a copy of this P\\&L statement for your business records, or convert it to a PDF and share with the appropriate parties (e.g. an investor or lender).\n\n## What is the purpose of a P\\&L Statement?\nA profit and loss statement is helpful for your own understanding of your business’s financial health. It is a quick way to check whether your business is operating at a profit or a loss, helps you review expenses to understand where you can increase spend (or where you need to cut costs), and helps you check in on the quality of your profit margin.\n\nP\\&L statements are also a helpful way to outline your business’s current and projected profitability to any outside entities that may require it. Investors will want to see that you are operating at a profit, or have a pathway to future profitability. Lenders will need to see where your business is at financially right now, and how you plan to improve in the future. Business finances naturally will ebb and flow, and a profit and loss statement can demonstrate how these changes pan out over time.\n\n![Reviewing a profit and loss statement](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/PL-Fold-7-Image.png)\n\n![Reviewing a profit and loss statement](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/PL-Fold-7-Image.png)\n\n# Profit & Loss Statement Format\nA profit and loss statement includes a number of elements that are relevant to your business finances, including:\n\n### Net sales\/Revenue\nYour total business revenue for the given period of time. This may look different depending on your accounting processes and the type of business you are running.\n\n### Cost of Goods Sold (COGS)\nExpenses associated with producing the products or services you provide, such as raw materials, employee wages, and shipping expenses.\n\n### Business Expenses\nOperating expenses related to selling and marketing, and administrative expenses associated with your business that are not directly related to the production of goods or services. Examples of such expenses include rent, advertising, and software subscriptions.\n\n### Net Income\nYour pre-tax income.\n\n### Earnings per Share (EPS)\nNet income divided by the number of shares for the given period of time.\n\n### Depreciation\nValue lost by depreciating assets such as equipment, inventory, vehicles, and property during the specified period of time.\n\n### Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA)\nEarnings for the selected period of time after subtracting all internal costs, but before subtracting external costs (interest, tax, depreciation, and amortization).\n\n## Frequently asked questions\n[Can I create my own profit and loss statement?](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement)\n\n**Yes, you can create your own profit and loss statement\\!** A P\\&L statement can be manually prepared either by starting from scratch, or by using a statement template, like the downloadable statements templates [available above](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#downloadable-templates).\n\n[Is an income statement the same as a profit and loss?](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement)\n\n**Yes, an income statement is the same as a Profit and Loss statement.** “Profit and Loss statement” and “income statement” are often used interchangeably, as they are both financial statements whose purpose is to summarize the financial performance of a business during a specific financial period in order to determine its profitability.\n\n[How do I properly understand a profit and loss statement?](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement)\n\n**To read and understand your profit and loss statement, you should be intimately familiar with the primary metrics of your business, including revenue and expenses. However, in order to understand a P\\&L statement, you need to think strategically in order to put the numbers into the proper context.**\n\nConsider how a potential investor or lender would view your profits and losses, and use the following questions as guiding points to help you evaluate the financial state of your business:\n\n- Are your revenue streams aligned with your business goals?\n- Are your expenses essential to your business?\n- How is your profit margin compared to other businesses in your industry?\n- If this isn’t your first P\\&L statement for your business, how does it compare to previous statements?\n\n**Yes, you can create your own profit and loss statement\\!** A P\\&L statement can be manually prepared either by starting from scratch, or by using a statement template, like the downloadable statements templates [available above](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#downloadable-templates).\n\n## Streamline your business accounting with Lili\nSimplify your bookkeeping with instant transaction categorization, and gain clarity about your business’s financial status with income & expense insights and auto-generated financial reports. Make it easier to balance your books with Lili’s Accounting Software.\n\n[Get Started](https:\/\/prod.lili.co\/welcome\/)\n\n![The Lili mobile app showcasing Lili's accounting software, including income insights and business invoices](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/Module-BG-3-1.png)\n\n![The Lili mobile app showcasing Lili's accounting software, including income insights and business invoices](https:\/\/lili.co\/wp-content\/uploads\/2023\/06\/Module-BG-3-1.png)\n\n## Related Financial Report Guides\n[![Cash\\_Flow\\_Icon\\_50x50 1Cash Flow Icon](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/Cash_Flow_Icon_50x50-1Cash-Flow-Icon.svg) ![Cash\\_Flow\\_Icon\\_50x50 1Cash Flow Icon](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/Cash_Flow_Icon_50x50-1Cash-Flow-Icon.svg) Cash Flow Statement Guide](https:\/\/lili.co\/resources\/accounting\/cash-flow-statement)\n\n[![Expense\\_Report\\_Icon\\_50x50 1Expense Report Icon](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/Expense_Report_Icon_50x50-1Expense-Report-Icon.svg) ![Expense\\_Report\\_Icon\\_50x50 1Expense Report Icon](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/Expense_Report_Icon_50x50-1Expense-Report-Icon.svg) Expense Report Guide](https:\/\/lili.co\/resources\/accounting\/expense-report-templates)\n\n[![Balance\\_Sheet\\_Icon\\_50x50 1Balance Sheet Icon](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/Balance_Sheet_Icon_50x50-1Balance-Sheet-Icon.svg) ![Balance\\_Sheet\\_Icon\\_50x50 1Balance Sheet Icon](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/Balance_Sheet_Icon_50x50-1Balance-Sheet-Icon.svg) Balance Sheet Guide](https:\/\/lili.co\/resources\/accounting\/balance-sheet)\n\n3 steps and you’re in business\n\n[Get Started](https:\/\/prod.lili.co\/welcome\/)\n\n01\n\nTell us about yourself\n\nFill in some basic personal information.\n\n02\n\nTell us about your business\n\nShare a few details including business type, EIN and industry.\n\n03\n\nSelect a plan\n\nChoose the account plan that best fits your business.\n\n[![lili-white](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/lili-white.svg)![lili-white](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/lili-white.svg)](https:\/\/lili.co\/)\n\nLive support, 7 days a week  \n [support@lili.co](mailto:support@lili.co)  \n (855) 545-4380\n\n[![linkedin](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/linkedin.svg)![linkedin](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/linkedin.svg)](https:\/\/www.linkedin.com\/company\/hellofromlili\/)\n\n[![youtube](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/youtube.svg)![youtube](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/youtube.svg)](https:\/\/www.youtube.com\/@hellofromlili)\n\n[![fb](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/fb.svg)![fb](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/fb.svg)](https:\/\/www.facebook.com\/hellofromLili\/)\n\n[![ig](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/ig.svg)![ig](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/ig.svg)](https:\/\/www.instagram.com\/hellofromlili\/)\n\n[![wikipedia](https:\/\/lili.co\/wp-content\/uploads\/2026\/01\/wikipedia.svg)![wikipedia](https:\/\/lili.co\/wp-content\/uploads\/2026\/01\/wikipedia.svg)](https:\/\/en.wikipedia.org\/wiki\/Lili_\$platform\$)\n\n[![Frame](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/Frame.svg)![Frame](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/Frame.svg)](https:\/\/apps.apple.com\/us\/app\/lili-mobile-banking\/id1447800744)\n\n[![google](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/google.svg)![google](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/google.svg)](https:\/\/play.google.com\/store\/apps\/details?id=lili.co&hl=en&gl=US)\n\nProducts\n\n[Business Banking](https:\/\/lili.co\/business-banking) [Business Credit](https:\/\/lili.co\/business-build) [Financial Tools](https:\/\/lili.co\/accounting) [Lili AI](https:\/\/lili.co\/lili-ai) [Non U.S. Residents](https:\/\/lili.co\/us-business-account)\n\nCompany\n\n[About Us](https:\/\/lili.co\/about-us) [Customer Reviews](https:\/\/lili.co\/reviews) [Plans](https:\/\/lili.co\/plans) [Press & Media](https:\/\/lili.co\/press-page) [Partners](https:\/\/lili.co\/lili-connect) [Careers](https:\/\/www.comeet.com\/jobs\/lili\/A6.009)\n\nLearn\n\n[Blog](https:\/\/lili.co\/blog) [Guide to LLCs](https:\/\/lili.co\/llc) [Comparisons](https:\/\/lili.co\/comparisons) [Business Finance Answers](https:\/\/lili.co\/business-finance-answers)\n\nSupport\n\n[Help Center](https:\/\/support.lili.co\/hc\/en-us) [FAQs](https:\/\/lili.co\/faq) [Legal Documents](https:\/\/lili.co\/legal-documents) [Fee Schedule](https:\/\/lili.co\/legal-documents\/sunrise-account-agreement#Schedule-of-Fees) [About Customer Support](https:\/\/lili.co\/customer-support)\n\n[![linkedin](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/linkedin.svg)![linkedin](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/linkedin.svg)](https:\/\/www.linkedin.com\/company\/hellofromlili\/)\n\n[![youtube](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/youtube.svg)![youtube](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/youtube.svg)](https:\/\/www.youtube.com\/@hellofromlili)\n\n[![fb](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/fb.svg)![fb](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/fb.svg)](https:\/\/www.facebook.com\/hellofromLili\/)\n\n[![ig](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/ig.svg)![ig](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/ig.svg)](https:\/\/www.instagram.com\/hellofromlili\/)\n\n[![wikipedia](https:\/\/lili.co\/wp-content\/uploads\/2026\/01\/wikipedia.svg)![wikipedia](https:\/\/lili.co\/wp-content\/uploads\/2026\/01\/wikipedia.svg)](https:\/\/en.wikipedia.org\/wiki\/Lili_\$platform\$)\n\n[![Frame](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/Frame.svg)![Frame](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/Frame.svg)](https:\/\/apps.apple.com\/us\/app\/lili-mobile-banking\/id1447800744)\n\n[![google](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/google.svg)![google](https:\/\/lili.co\/wp-content\/uploads\/2025\/11\/google.svg)](https:\/\/play.google.com\/store\/apps\/details?id=lili.co&hl=en&gl=US)\n\n**Lili App Inc.**  \nOffices at 15 West 18th Street, New York, NY 10011, United States.\n\n**Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. The Card may be used everywhere Visa debit cards are accepted.**\n\n**Wire Transfer service provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc.**\n\n1 Eligibility for cashback awards is available to Lili Pro, Lili Smart, and Lili Premium account holders only; applicable monthly account fees apply. For details, please refer to your [Sunrise Banks Account Agreement](https:\/\/lili.co\/legal-documents\/sunrise-account-agreement).\n\n2 Accounting, tax preparation and invoicing software is available to Lili Smart and Lili Premium account holders only; applicable monthly account fees apply. For details, please refer to your [Sunrise Banks Account Agreement](https:\/\/lili.co\/legal-documents\/sunrise-account-agreement).\n\n3 The Annual Percentage Yield (“APY”) for the Lili Savings Account is variable and may change at any time. The disclosed APY is effective as of January 13, 2026. Must have at least \\$0.01 in savings to earn interest. 2.25% APY applies to balances of up to and including \\$500,000. 4.00% APY applies to balances over \\$500,000 and up to and including \\$1,000,000. Any portions of a balance over \\$1,000,000 will not earn interest or have a yield. Available to Lili plans.\n\n4 BalanceUp is a discretionary overdraft program for debit card purchases only, offered for Lili Pro, Lili Smart, and Lili Premium Account holders; applicable monthly account fees apply. You must meet eligibility requirements and enroll in the program. Once enrolled, your Account must remain in good standing with a deposit and spending history that meets our discretionary requirements to maintain access to the feature. BalanceUp overdraft limits of \\$20-\\$200 are provided at our sole discretion, and may be revoked any time, with or without notice. Please refer to our [BalanceUP Service Disclosure](https:\/\/lili.co\/legal-documents\/balanceup-service-disclosure) for more details.\n\n5 Early access to ACH transfer funds depends on the timing of the payer’s submission of transfers. Lili will generally post these transfers on the day they are received which can be up to 2 days earlier than the payer’s scheduled payment date.\n\n6 Up to \\$1,000 per cardholder per 24 hours period. Some locations have lower limits and retailer fees may vary (\\$4.95 max). Note that Lili does not charge transaction fees.\n\n7 Lili AI and other reports related to income and expenses provided by Lili can be used to assist with your accounting. Final categorization of income and expenses for tax purposes is your responsibility. Lili is not a tax preparer and does not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your specific situation.\n\n8 Lili does not charge debit card fees related to foreign transactions, in-network ATM usage, or card inactivity, or require a minimum balance. See the Master Fee Schedule, Appendix A to the [Sunrise Banks Account Agreement](https:\/\/lili.co\/legal-documents\/sunrise-account-agreement) for more detail.\n\n9 International wire transfers are only available to legal entity customers (LLCs, corporations, and partnerships). Transfers can be made to and from select countries. Please check your app for the most up to date list. Fees apply. Learn more here [Sunrise Banks Account Agreement](https:\/\/lili.co\/legal-documents\/sunrise-account-agreement).\n\n10 Access to capital is provided by our partners that offer business loans or lines of credit. Lili is a financial technology company, not a bank or lender. Underwriting required.\n\n11 Expedited availability of funds is based on individual circumstances.\n\n12 FDIC insurance only covers the failure of an FDIC insured bank. The standard FDIC deposit insurance limit is \\$250,000 per depositor, per FDIC insured bank, per ownership category through Sunrise Banks, N.A and the sweep program banks. See [Sunrise Banks Account Agreement](https:\/\/lili.co\/legal-documents\/sunrise-account-agreement) and [Addendum to Sunrise Banks Account Agreement](https:\/\/lili.co\/legal-documents\/addendum-to-sunrise-banks-account-agreement).\n\n13 BusinessBuild is an add-on feature available to all Lili Accounts, except sole proprietorships and non-US citizens. After a one-month free trial, account holders will be charged \\$18 per month for the next three months, then \\$30 per month thereafter. By integrating your Lili Account through the D\\&B Credit Insights banking integration feature, there may be potential for you to positively impact your Delinquency and Failure Scores. Dun & Bradstreet requires a minimum of six months of business banking transaction history to be able to potentially impact these scores. Customers must be enrolled in the BusinessBuild feature to access the Lili BusinessBuild Card (Card). Lili App Inc. (Lili) partners with CapitalOS and First Internet Bank of Indiana, Member FDIC, for the Card. Lili is a financial technology company, not a bank or lender. CapitalOS is a financial technology company and lender, not a bank. CapitalOS or one of its affiliates is the lender, and Cards are issued by First Internet Bank of Indiana, pursuant to a license from Visa U.S.A. Inc.\n\n14 The Core banking account has no monthly fee. Monthly fees apply to the Pro, Smart, and Premium accounts. See the fee schedule [here](https:\/\/lili.co\/legal-documents\/sunrise-account-agreement#Schedule-of-Fees) for details.\n\n15 To learn more about our fees, please check out our fee schedule [here.](https:\/\/lili.co\/legal-documents\/sunrise-account-agreement#Schedule-of-Fees)\n\n16 Figures based on a Lili survey conducted between January 1, 2025 to January 1, 2026. Information available upon request.\n\n**© 2026 Lili App Inc. All Rights Reserved.**\n### Explore the Lili platform with a guided tour\nDiscover how effortless business finance can be\n\nTake a quick tour of the tools inside the Lili account. Banking, bookkeeping, invoicing, and taxes, all in one place.\n\n[Explore Demo](https:\/\/lili.navattic.com\/bz10gja)\n\n![](https:\/\/lili.co\/wp-content\/uploads\/2025\/06\/image.svg)\n\n![](https:\/\/lili.co\/wp-content\/uploads\/2025\/06\/image.svg)","attrs_readable_markdown":"Guide & Templates\n\nLooking to understand the financial performance of your business? Review our guide to Profit & Loss statements and get a head start in preparing one with our free downloadable profit and loss statement templates.\n\nWhat is a Profit and Loss Statement?\n\nA profit and loss statement, or P\\&L statement, is a financial document that helps you understand your business’s profitability over time. By contrasting your business income with your expenses, profit and loss statements help track your overall profits and identify periods of loss.\n\nA P\\&L statement includes three primary sections: business expenses (money going out), revenue (money coming in), and net income (the difference between the two, commonly referred to as your profit margin).\n\nSmall businesses often use profit and loss statements to demonstrate their profitability to potential investors or when applying for a bank loan. P\\&L statements are one of the essential financial statements for businesses, along with balance sheets and [cash flow statements](https:\/\/lili.co\/resources\/accounting\/cash-flow-statement). They are necessary for proving the status your business finances, and an important tool for you to assess whether your business is in the black (profitable) or the red (operating at a loss).\n\nProfit and Loss Statement  examples and templates\n\nCreating a Profit and Loss statement for the first time can be overwhelming, but you can use this example to understand how a P\\&L statement should look.\n\nGet a better idea about how to evaluate your business’s profitability with this P\\&L statement example.\n\n[Download](https:\/\/lili.co\/wp-content\/uploads\/2023\/07\/pl-statement-example-by-lili.xlsx)\n\nLili prepares P\\&L statements for you\n\nLili’s Accounting Software automatically generates financial reports based on your transaction categorization, including Profit & Loss statements.\n\n## How to create a Profit and Loss Statement\n### Set your time range\nDetermine the period of time for which you need to create a profit and loss statement. This can be anything from a month to a financial quarter or even a year.\n\n### Input profits and losses\nIdentify all revenue and expenses for the selected period of time, and input this information into your P\\&L statement template.\n\n### Customize for your business\nAll of our free profit and loss statement templates are customizable to your needs! Edit or remove line items that are not relevant to your business, or add in lines as you go to fit with unique revenue sources and business expenses.\n\n### Check Excel formulas\nDon’t assume the formulas are acting as they should! Double check formulas for fields such as Total Expenses and Net Profit, making sure the calculations are filling correctly.\n\n### Save your results\nSave a copy of this P\\&L statement for your business records, or convert it to a PDF and share with the appropriate parties (e.g. an investor or lender).\n\nWhat is the purpose of a P\\&L Statement?\n\nA profit and loss statement is helpful for your own understanding of your business’s financial health. It is a quick way to check whether your business is operating at a profit or a loss, helps you review expenses to understand where you can increase spend (or where you need to cut costs), and helps you check in on the quality of your profit margin.\n\nP\\&L statements are also a helpful way to outline your business’s current and projected profitability to any outside entities that may require it. Investors will want to see that you are operating at a profit, or have a pathway to future profitability. Lenders will need to see where your business is at financially right now, and how you plan to improve in the future. Business finances naturally will ebb and flow, and a profit and loss statement can demonstrate how these changes pan out over time.\n\n## Profit & Loss Statement Format\nA profit and loss statement includes a number of elements that are relevant to your business finances, including:\n\n### Net sales\/Revenue\nYour total business revenue for the given period of time. This may look different depending on your accounting processes and the type of business you are running.\n\n### Cost of Goods Sold (COGS)\nExpenses associated with producing the products or services you provide, such as raw materials, employee wages, and shipping expenses.\n\n### Business Expenses\nOperating expenses related to selling and marketing, and administrative expenses associated with your business that are not directly related to the production of goods or services. Examples of such expenses include rent, advertising, and software subscriptions.\n\n### Net Income\nYour pre-tax income.\n\n### Earnings per Share (EPS)\nNet income divided by the number of shares for the given period of time.\n\n### Depreciation\nValue lost by depreciating assets such as equipment, inventory, vehicles, and property during the specified period of time.\n\n### Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA)\nEarnings for the selected period of time after subtracting all internal costs, but before subtracting external costs (interest, tax, depreciation, and amortization).\n\nFrequently asked questions\n\n**Yes, you can create your own profit and loss statement\\!** A P\\&L statement can be manually prepared either by starting from scratch, or by using a statement template, like the downloadable statements templates [available above](https:\/\/lili.co\/resources\/accounting\/profit-and-loss-statement#downloadable-templates).\n\nStreamline your business accounting with Lili\n\nSimplify your bookkeeping with instant transaction categorization, and gain clarity about your business’s financial status with income & expense insights and auto-generated financial reports. Make it easier to balance your books with Lili’s Accounting Software.\n\nRelated Financial Report Guides","meta_canonical":null}

3. Robots.txt Check

Query:

Response:

4. Spam/Ban Check

Query:

Response:

5. Seen Status Check

ℹ️ Skipped - page is already crawled

📄

INDEXABLE

✅

CRAWLED

15 days ago

🤖

ROBOTS ALLOWED

Page Info Filters

Filter	Status	Condition	Details
HTTP status	PASS	`download_http_code = 200`	HTTP 200
Age cutoff	PASS	`download_stamp > now() - 6 MONTH`	0.5 months ago
History drop	PASS	`isNull(history_drop_reason)`	No drop reason
Spam/ban	PASS	`fh_dont_index != 1 AND ml_spam_score = 0`	ml_spam_score=0
Canonical	PASS	`meta_canonical IS NULL OR = '' OR = src_unparsed`	Not set

Page Details

Property	Value
URL	https://lili.co/resources/accounting/profit-and-loss-statement
Last Crawled	2026-04-06 14:13:07 (15 days ago)
First Indexed	2023-09-10 09:27:34 (2 years ago)
HTTP Status Code	200
Meta Title	Profit and Loss Statement Guide and Free Templates \| Lili
Meta Description	Check out our free downloadable Profit and Loss statement templates and get a head start in assessing the profitability of your business.
Meta Canonical	null
Boilerpipe Text	Guide & Templates Looking to understand the financial performance of your business? Review our guide to Profit & Loss statements and get a head start in preparing one with our free downloadable profit and loss statement templates. What is a Profit and Loss Statement? A profit and loss statement, or P&L statement, is a financial document that helps you understand your business’s profitability over time. By contrasting your business income with your expenses, profit and loss statements help track your overall profits and identify periods of loss. A P&L statement includes three primary sections: business expenses (money going out), revenue (money coming in), and net income (the difference between the two, commonly referred to as your profit margin). Small businesses often use profit and loss statements to demonstrate their profitability to potential investors or when applying for a bank loan. P&L statements are one of the essential financial statements for businesses, along with balance sheets and cash flow statements . They are necessary for proving the status your business finances, and an important tool for you to assess whether your business is in the black (profitable) or the red (operating at a loss). Profit and Loss Statement examples and templates Creating a Profit and Loss statement for the first time can be overwhelming, but you can use this example to understand how a P&L statement should look. Get a better idea about how to evaluate your business’s profitability with this P&L statement example. Download Lili prepares P&L statements for you Lili’s Accounting Software automatically generates financial reports based on your transaction categorization, including Profit & Loss statements. How to create a Profit and Loss Statement Set your time range Determine the period of time for which you need to create a profit and loss statement. This can be anything from a month to a financial quarter or even a year. Input profits and losses Identify all revenue and expenses for the selected period of time, and input this information into your P&L statement template. Customize for your business All of our free profit and loss statement templates are customizable to your needs! Edit or remove line items that are not relevant to your business, or add in lines as you go to fit with unique revenue sources and business expenses. Check Excel formulas Don’t assume the formulas are acting as they should! Double check formulas for fields such as Total Expenses and Net Profit, making sure the calculations are filling correctly. Save your results Save a copy of this P&L statement for your business records, or convert it to a PDF and share with the appropriate parties (e.g. an investor or lender). What is the purpose of a P&L Statement? A profit and loss statement is helpful for your own understanding of your business’s financial health. It is a quick way to check whether your business is operating at a profit or a loss, helps you review expenses to understand where you can increase spend (or where you need to cut costs), and helps you check in on the quality of your profit margin. P&L statements are also a helpful way to outline your business’s current and projected profitability to any outside entities that may require it. Investors will want to see that you are operating at a profit, or have a pathway to future profitability. Lenders will need to see where your business is at financially right now, and how you plan to improve in the future. Business finances naturally will ebb and flow, and a profit and loss statement can demonstrate how these changes pan out over time. Profit & Loss Statement Format A profit and loss statement includes a number of elements that are relevant to your business finances, including: Net sales/Revenue Your total business revenue for the given period of time. This may look different depending on your accounting processes and the type of business you are running. Cost of Goods Sold (COGS) Expenses associated with producing the products or services you provide, such as raw materials, employee wages, and shipping expenses. Business Expenses Operating expenses related to selling and marketing, and administrative expenses associated with your business that are not directly related to the production of goods or services. Examples of such expenses include rent, advertising, and software subscriptions. Net Income Your pre-tax income. Earnings per Share (EPS) Net income divided by the number of shares for the given period of time. Depreciation Value lost by depreciating assets such as equipment, inventory, vehicles, and property during the specified period of time. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) Earnings for the selected period of time after subtracting all internal costs, but before subtracting external costs (interest, tax, depreciation, and amortization). Frequently asked questions Yes, you can create your own profit and loss statement! A P&L statement can be manually prepared either by starting from scratch, or by using a statement template, like the downloadable statements templates available above . Streamline your business accounting with Lili Simplify your bookkeeping with instant transaction categorization, and gain clarity about your business’s financial status with income & expense insights and auto-generated financial reports. Make it easier to balance your books with Lili’s Accounting Software. Related Financial Report Guides
Markdown	- [Business Banking](https://lili.co/business-banking) [Business Banking Advanced banking for small businesses, with the tools to move faster, scale smarter and stay in control.](https://lili.co/business-banking) - [Business Checking Powerful checking with a Lili Visa® Debit Card and no monthly fees on Lili Core 14](https://lili.co/business-banking#online-banking "Business Checking") - [High-Yield Savings Earn up to 4.00%% APY up to \$1M with no minimums or lockups3](https://lili.co/business-banking#apy-fdic "High-Yield Savings") - [FDIC Insurance Up to \$3M Secure large working capital balances through our sweep network12](https://lili.co/business-banking#apy-fdic "FDIC Insurance Up to $3M") - [International Wires Send and receive money globally in over 130 currencies9](https://lili.co/international-payments "International Wires") - [Fast Payments Move money quickly with Express ACH, expedited check deposits11 and domestic wires](https://lili.co/business-banking#fast-payments "Fast Payments") - [Business Integrations Connect banking activity with the accounting, payroll, and ecommerce tools you already use](https://lili.co/business-banking#business-integrations "Business Integrations") - [Business Credit](https://lili.co/business-build) [Credit-Building Program A fully integrated solution to help you build, monitor, and optimize your business credit profile—in collaboration with Dun & Bradstreet.13](https://lili.co/business-build) - [Credit Monitoring Monitor your business credit profile in real time with an Integrated dashboard powered by Dun & Bradstreet](https://lili.co/business-build#Creditmonitoring "Credit Monitoring") - [BusinessBuild Credit Card Grow your credit profile with a secured card built to support your business spending](https://lili.co/business-build#creditcard "BusinessBuild Credit Card") - [Alerts & Updates Receive instant alerts on changes to your business credit profile, keeping you informed at every step](https://lili.co/business-build "Alerts & Updates") - [Training & Education Access tools and resources to help you understand, build, and optimize your business credit with confidence](https://lili.co/business-build#optimize "Training & Education") - [Financial Tools](https://lili.co/accounting) [Financial Tools Built-in financial capabilities to manage payments, records, and financial readiness as your business grows.2](https://lili.co/accounting) - [Invoicing Software Create, send, and track invoices to get paid faster and stay organized](https://lili.co/accounting#invoicing-bill-pay "Invoicing Software") - [Bill Pay Pay vendors and suppliers efficiently while keeping control over outgoing cash](https://lili.co/bill-pay "Bill Pay") - [Smart Bookkeeping Automatically categorize transactions for cleaner books and clearer reporting](https://lili.co/accounting#bookkeeping "Smart Bookkeeping") - [Tax Savings Set aside funds and prepare throughout the year to stay tax ready](https://lili.co/tax-preparation#tax-saving "Tax Savings") [Plans & Pricing Choose the plan that gives you the right financial tools to operate with confidence at every stage. See Pricing](https://lili.co/plans) - [Resources](https://lili.co/blog) [Resources Explore small business guides, resourceful articles and how to get the most out of your Lili account.](https://lili.co/blog) - [Blog Insights and guidance on small business banking and financial operations](https://lili.co/blog "Blog") - [FAQs Clear answers to common questions about accounts, features, and services](https://lili.co/faq "FAQs") - [Help Center Self-service support and resources to manage your account confidently](https://support.lili.co/hc/en-us "Help Center") - [Customer Reviews Real feedback from businesses using Lili to run their operations](https://lili.co/reviews "Customer Reviews") - [Partners Learn how platforms and providers work with Lili to deliver embedded banking](https://lili.co/lili-connect "Partners") - [About Us Our mission to build better banking for real businesses](https://lili.co/about-us "About Us") - [Log In](https://app.lili.co/login) [Get Started](https://prod.lili.co/welcome/) [Request Demo](https://lili.co/resources/accounting/profit-and-loss-statement#popup_8204) [Log In](https://app.lili.co/login) [Get Started](https://prod.lili.co/welcome/) # Profit and Loss Statement ### Guide & Templates Looking to understand the financial performance of your business? Review our guide to Profit & Loss statements and get a head start in preparing one with our free downloadable profit and loss statement templates. ![PL-Cover-Image 1](https://lili.co/wp-content/uploads/2025/01/PL-Cover-Image-1.png) [![What\_Is\_P\&L\_Icon\_50x50 1](https://lili.co/wp-content/uploads/2023/06/What_Is_PL_Icon_50x50-1.svg) ![What\_Is\_P\&L\_Icon\_50x50 1](https://lili.co/wp-content/uploads/2023/06/What_Is_PL_Icon_50x50-1.svg) What is a P\&L Statement?](https://lili.co/resources/accounting/profit-and-loss-statement#definition) [![P\&L\_Template\_Icon\_50x50 1](https://lili.co/wp-content/uploads/2023/06/PL_Template_Icon_50x50-1.svg) ![P\&L\_Template\_Icon\_50x50 1](https://lili.co/wp-content/uploads/2023/06/PL_Template_Icon_50x50-1.svg) P\&L Statement Templates](https://lili.co/resources/accounting/profit-and-loss-statement#downloadable-templates) [![Create\_P\&L\_Icon\_50x50 1](https://lili.co/wp-content/uploads/2023/06/Create_PL_Icon_50x50-1.svg) ![Create\_P\&L\_Icon\_50x50 1](https://lili.co/wp-content/uploads/2023/06/Create_PL_Icon_50x50-1.svg) How to Create a P\&L Statement](https://lili.co/resources/accounting/profit-and-loss-statement#how-to-create) [![Importance\_of\_P\&L\_Icon\_50x50 1](https://lili.co/wp-content/uploads/2023/06/Importance_of_PL_Icon_50x50-1.svg) ![Importance\_of\_P\&L\_Icon\_50x50 1](https://lili.co/wp-content/uploads/2023/06/Importance_of_PL_Icon_50x50-1.svg) Purpose of a P\&L Statement](https://lili.co/resources/accounting/profit-and-loss-statement#purpose) [![Customized\_Invoices\_Icons\_50x50 1](https://lili.co/wp-content/uploads/2023/04/Customized_Invoices_Icons_50x50-1.svg) ![Customized\_Invoices\_Icons\_50x50 1](https://lili.co/wp-content/uploads/2023/04/Customized_Invoices_Icons_50x50-1.svg) P\&L Statement Format](https://lili.co/resources/accounting/profit-and-loss-statement#format) [![Help\_Center\_50x50 1](https://lili.co/wp-content/uploads/2023/06/Help_Center_50x50-1.svg) ![Help\_Center\_50x50 1](https://lili.co/wp-content/uploads/2023/06/Help_Center_50x50-1.svg) Frequently Asked Questions](https://lili.co/resources/accounting/profit-and-loss-statement#faq) ## What is a Profit and Loss Statement? A profit and loss statement, or P\&L statement, is a financial document that helps you understand your business’s profitability over time. By contrasting your business income with your expenses, profit and loss statements help track your overall profits and identify periods of loss. A P\&L statement includes three primary sections: business expenses (money going out), revenue (money coming in), and net income (the difference between the two, commonly referred to as your profit margin). Small businesses often use profit and loss statements to demonstrate their profitability to potential investors or when applying for a bank loan. P\&L statements are one of the essential financial statements for businesses, along with balance sheets and [cash flow statements](https://lili.co/resources/accounting/cash-flow-statement). They are necessary for proving the status your business finances, and an important tool for you to assess whether your business is in the black (profitable) or the red (operating at a loss). ![What is a Profit and Loss Statement\_](https://lili.co/wp-content/uploads/2025/01/What-is-a-Profit-and-Loss-Statement_.png) ![What is a Profit and Loss Statement\_](https://lili.co/wp-content/uploads/2025/01/What-is-a-Profit-and-Loss-Statement_.png) ## Profit and Loss Statement examples and templates [Profit and Loss Statement Example](https://lili.co/resources/accounting/profit-and-loss-statement) Creating a Profit and Loss statement for the first time can be overwhelming, but you can use this example to understand how a P\&L statement should look. Get a better idea about how to evaluate your business’s profitability with this P\&L statement example. [Download](https://lili.co/wp-content/uploads/2023/07/pl-statement-example-by-lili.xlsx) [Simple Profit and Loss Statement Template](https://lili.co/resources/accounting/profit-and-loss-statement) Analyzing the financial performance of your business doesn’t have to be overly complicated. This simple profit and loss statement template offers a straightforward structure, including a reporting date range, a list of common line items, and built-in formulas to sum up revenue and expenses. Just plug in your numbers for the defined reporting period and get an instant assessment of the financial health of your business. [Download](https://lili.co/wp-content/uploads/2023/07/simple-pl-statement-template-by-lili.xlsx) [Multi-Step Profit and Loss Statement Template](https://lili.co/resources/accounting/profit-and-loss-statement) When your business achieves a level of growth that necessitates a more in-depth profit and loss report, a multi-step P\&L statement is likely more appropriate. This statement type separates operating revenue and expenses from non-operating revenue and expenses, providing an understanding of how the core activities of a business impact revenue and expenses, versus its non-essential activities. A multi-step P\&L statement enables you to calculate gross profit and operating income, which can be especially useful for external investors evaluating a business. [Download](https://lili.co/wp-content/uploads/2023/07/multistep-pl-statement-template-by-lili.xlsx) Creating a Profit and Loss statement for the first time can be overwhelming, but you can use this example to understand how a P\&L statement should look. Get a better idea about how to evaluate your business’s profitability with this P\&L statement example. [Download](https://lili.co/wp-content/uploads/2023/07/pl-statement-example-by-lili.xlsx) ## Lili prepares P\&L statements for you Lili’s Accounting Software automatically generates financial reports based on your transaction categorization, including Profit & Loss statements. [Learn more](https://lili.co/accounting) ![A Profit & Loss statement automatically generated by Lili](https://lili.co/wp-content/uploads/2023/07/PL-Statement-Example-4.png) ![A Profit & Loss statement automatically generated by Lili](https://lili.co/wp-content/uploads/2023/07/PL-Statement-Example-4.png) # How to create a Profit and Loss Statement ### Set your time range Determine the period of time for which you need to create a profit and loss statement. This can be anything from a month to a financial quarter or even a year. ### Input profits and losses Identify all revenue and expenses for the selected period of time, and input this information into your P\&L statement template. ### Customize for your business All of our free profit and loss statement templates are customizable to your needs! Edit or remove line items that are not relevant to your business, or add in lines as you go to fit with unique revenue sources and business expenses. ### Check Excel formulas Don’t assume the formulas are acting as they should! Double check formulas for fields such as Total Expenses and Net Profit, making sure the calculations are filling correctly. ### Save your results Save a copy of this P\&L statement for your business records, or convert it to a PDF and share with the appropriate parties (e.g. an investor or lender). ## What is the purpose of a P\&L Statement? A profit and loss statement is helpful for your own understanding of your business’s financial health. It is a quick way to check whether your business is operating at a profit or a loss, helps you review expenses to understand where you can increase spend (or where you need to cut costs), and helps you check in on the quality of your profit margin. P\&L statements are also a helpful way to outline your business’s current and projected profitability to any outside entities that may require it. Investors will want to see that you are operating at a profit, or have a pathway to future profitability. Lenders will need to see where your business is at financially right now, and how you plan to improve in the future. Business finances naturally will ebb and flow, and a profit and loss statement can demonstrate how these changes pan out over time. ![Reviewing a profit and loss statement](https://lili.co/wp-content/uploads/2023/06/PL-Fold-7-Image.png) ![Reviewing a profit and loss statement](https://lili.co/wp-content/uploads/2023/06/PL-Fold-7-Image.png) # Profit & Loss Statement Format A profit and loss statement includes a number of elements that are relevant to your business finances, including: ### Net sales/Revenue Your total business revenue for the given period of time. This may look different depending on your accounting processes and the type of business you are running. ### Cost of Goods Sold (COGS) Expenses associated with producing the products or services you provide, such as raw materials, employee wages, and shipping expenses. ### Business Expenses Operating expenses related to selling and marketing, and administrative expenses associated with your business that are not directly related to the production of goods or services. Examples of such expenses include rent, advertising, and software subscriptions. ### Net Income Your pre-tax income. ### Earnings per Share (EPS) Net income divided by the number of shares for the given period of time. ### Depreciation Value lost by depreciating assets such as equipment, inventory, vehicles, and property during the specified period of time. ### Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) Earnings for the selected period of time after subtracting all internal costs, but before subtracting external costs (interest, tax, depreciation, and amortization). ## Frequently asked questions [Can I create my own profit and loss statement?](https://lili.co/resources/accounting/profit-and-loss-statement) Yes, you can create your own profit and loss statement\! A P\&L statement can be manually prepared either by starting from scratch, or by using a statement template, like the downloadable statements templates [available above](https://lili.co/resources/accounting/profit-and-loss-statement#downloadable-templates). [Is an income statement the same as a profit and loss?](https://lili.co/resources/accounting/profit-and-loss-statement) Yes, an income statement is the same as a Profit and Loss statement. “Profit and Loss statement” and “income statement” are often used interchangeably, as they are both financial statements whose purpose is to summarize the financial performance of a business during a specific financial period in order to determine its profitability. [How do I properly understand a profit and loss statement?](https://lili.co/resources/accounting/profit-and-loss-statement) To read and understand your profit and loss statement, you should be intimately familiar with the primary metrics of your business, including revenue and expenses. However, in order to understand a P\&L statement, you need to think strategically in order to put the numbers into the proper context. Consider how a potential investor or lender would view your profits and losses, and use the following questions as guiding points to help you evaluate the financial state of your business: - Are your revenue streams aligned with your business goals? - Are your expenses essential to your business? - How is your profit margin compared to other businesses in your industry? - If this isn’t your first P\&L statement for your business, how does it compare to previous statements? Yes, you can create your own profit and loss statement\! A P\&L statement can be manually prepared either by starting from scratch, or by using a statement template, like the downloadable statements templates [available above](https://lili.co/resources/accounting/profit-and-loss-statement#downloadable-templates). ## Streamline your business accounting with Lili Simplify your bookkeeping with instant transaction categorization, and gain clarity about your business’s financial status with income & expense insights and auto-generated financial reports. Make it easier to balance your books with Lili’s Accounting Software. [Get Started](https://prod.lili.co/welcome/) ![The Lili mobile app showcasing Lili's accounting software, including income insights and business invoices](https://lili.co/wp-content/uploads/2023/06/Module-BG-3-1.png) ![The Lili mobile app showcasing Lili's accounting software, including income insights and business invoices](https://lili.co/wp-content/uploads/2023/06/Module-BG-3-1.png) ## Related Financial Report Guides [![Cash\_Flow\_Icon\_50x50 1Cash Flow Icon](https://lili.co/wp-content/uploads/2023/07/Cash_Flow_Icon_50x50-1Cash-Flow-Icon.svg) ![Cash\_Flow\_Icon\_50x50 1Cash Flow Icon](https://lili.co/wp-content/uploads/2023/07/Cash_Flow_Icon_50x50-1Cash-Flow-Icon.svg) Cash Flow Statement Guide](https://lili.co/resources/accounting/cash-flow-statement) [![Expense\_Report\_Icon\_50x50 1Expense Report Icon](https://lili.co/wp-content/uploads/2023/07/Expense_Report_Icon_50x50-1Expense-Report-Icon.svg) ![Expense\_Report\_Icon\_50x50 1Expense Report Icon](https://lili.co/wp-content/uploads/2023/07/Expense_Report_Icon_50x50-1Expense-Report-Icon.svg) Expense Report Guide](https://lili.co/resources/accounting/expense-report-templates) [![Balance\_Sheet\_Icon\_50x50 1Balance Sheet Icon](https://lili.co/wp-content/uploads/2023/07/Balance_Sheet_Icon_50x50-1Balance-Sheet-Icon.svg) ![Balance\_Sheet\_Icon\_50x50 1Balance Sheet Icon](https://lili.co/wp-content/uploads/2023/07/Balance_Sheet_Icon_50x50-1Balance-Sheet-Icon.svg) Balance Sheet Guide](https://lili.co/resources/accounting/balance-sheet) 3 steps and you’re in business [Get Started](https://prod.lili.co/welcome/) 01 Tell us about yourself Fill in some basic personal information. 02 Tell us about your business Share a few details including business type, EIN and industry. 03 Select a plan Choose the account plan that best fits your business. [![lili-white](https://lili.co/wp-content/uploads/2025/11/lili-white.svg)![lili-white](https://lili.co/wp-content/uploads/2025/11/lili-white.svg)](https://lili.co/) Live support, 7 days a week [support@lili.co](mailto:support@lili.co) (855) 545-4380 [![linkedin](https://lili.co/wp-content/uploads/2025/11/linkedin.svg)![linkedin](https://lili.co/wp-content/uploads/2025/11/linkedin.svg)](https://www.linkedin.com/company/hellofromlili/) [![youtube](https://lili.co/wp-content/uploads/2025/11/youtube.svg)![youtube](https://lili.co/wp-content/uploads/2025/11/youtube.svg)](https://www.youtube.com/@hellofromlili) [![fb](https://lili.co/wp-content/uploads/2025/11/fb.svg)![fb](https://lili.co/wp-content/uploads/2025/11/fb.svg)](https://www.facebook.com/hellofromLili/) [![ig](https://lili.co/wp-content/uploads/2025/11/ig.svg)![ig](https://lili.co/wp-content/uploads/2025/11/ig.svg)](https://www.instagram.com/hellofromlili/) [![wikipedia](https://lili.co/wp-content/uploads/2026/01/wikipedia.svg)![wikipedia](https://lili.co/wp-content/uploads/2026/01/wikipedia.svg)](https://en.wikipedia.org/wiki/Lili_$platform$) [![Frame](https://lili.co/wp-content/uploads/2025/11/Frame.svg)![Frame](https://lili.co/wp-content/uploads/2025/11/Frame.svg)](https://apps.apple.com/us/app/lili-mobile-banking/id1447800744) [![google](https://lili.co/wp-content/uploads/2025/11/google.svg)![google](https://lili.co/wp-content/uploads/2025/11/google.svg)](https://play.google.com/store/apps/details?id=lili.co&hl=en&gl=US) Products [Business Banking](https://lili.co/business-banking) [Business Credit](https://lili.co/business-build) [Financial Tools](https://lili.co/accounting) [Lili AI](https://lili.co/lili-ai) [Non U.S. Residents](https://lili.co/us-business-account) Company [About Us](https://lili.co/about-us) [Customer Reviews](https://lili.co/reviews) [Plans](https://lili.co/plans) [Press & Media](https://lili.co/press-page) [Partners](https://lili.co/lili-connect) [Careers](https://www.comeet.com/jobs/lili/A6.009) Learn [Blog](https://lili.co/blog) [Guide to LLCs](https://lili.co/llc) [Comparisons](https://lili.co/comparisons) [Business Finance Answers](https://lili.co/business-finance-answers) Support [Help Center](https://support.lili.co/hc/en-us) [FAQs](https://lili.co/faq) [Legal Documents](https://lili.co/legal-documents) [Fee Schedule](https://lili.co/legal-documents/sunrise-account-agreement#Schedule-of-Fees) [About Customer Support](https://lili.co/customer-support) [![linkedin](https://lili.co/wp-content/uploads/2025/11/linkedin.svg)![linkedin](https://lili.co/wp-content/uploads/2025/11/linkedin.svg)](https://www.linkedin.com/company/hellofromlili/) [![youtube](https://lili.co/wp-content/uploads/2025/11/youtube.svg)![youtube](https://lili.co/wp-content/uploads/2025/11/youtube.svg)](https://www.youtube.com/@hellofromlili) [![fb](https://lili.co/wp-content/uploads/2025/11/fb.svg)![fb](https://lili.co/wp-content/uploads/2025/11/fb.svg)](https://www.facebook.com/hellofromLili/) [![ig](https://lili.co/wp-content/uploads/2025/11/ig.svg)![ig](https://lili.co/wp-content/uploads/2025/11/ig.svg)](https://www.instagram.com/hellofromlili/) [![wikipedia](https://lili.co/wp-content/uploads/2026/01/wikipedia.svg)![wikipedia](https://lili.co/wp-content/uploads/2026/01/wikipedia.svg)](https://en.wikipedia.org/wiki/Lili_$platform$) [![Frame](https://lili.co/wp-content/uploads/2025/11/Frame.svg)![Frame](https://lili.co/wp-content/uploads/2025/11/Frame.svg)](https://apps.apple.com/us/app/lili-mobile-banking/id1447800744) [![google](https://lili.co/wp-content/uploads/2025/11/google.svg)![google](https://lili.co/wp-content/uploads/2025/11/google.svg)](https://play.google.com/store/apps/details?id=lili.co&hl=en&gl=US) Lili App Inc. Offices at 15 West 18th Street, New York, NY 10011, United States. Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. The Card may be used everywhere Visa debit cards are accepted. Wire Transfer service provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc. 1 Eligibility for cashback awards is available to Lili Pro, Lili Smart, and Lili Premium account holders only; applicable monthly account fees apply. For details, please refer to your [Sunrise Banks Account Agreement](https://lili.co/legal-documents/sunrise-account-agreement). 2 Accounting, tax preparation and invoicing software is available to Lili Smart and Lili Premium account holders only; applicable monthly account fees apply. For details, please refer to your [Sunrise Banks Account Agreement](https://lili.co/legal-documents/sunrise-account-agreement). 3 The Annual Percentage Yield (“APY”) for the Lili Savings Account is variable and may change at any time. The disclosed APY is effective as of January 13, 2026. Must have at least \$0.01 in savings to earn interest. 2.25% APY applies to balances of up to and including \$500,000. 4.00% APY applies to balances over \$500,000 and up to and including \$1,000,000. Any portions of a balance over \$1,000,000 will not earn interest or have a yield. Available to Lili plans. 4 BalanceUp is a discretionary overdraft program for debit card purchases only, offered for Lili Pro, Lili Smart, and Lili Premium Account holders; applicable monthly account fees apply. You must meet eligibility requirements and enroll in the program. Once enrolled, your Account must remain in good standing with a deposit and spending history that meets our discretionary requirements to maintain access to the feature. BalanceUp overdraft limits of \$20-\$200 are provided at our sole discretion, and may be revoked any time, with or without notice. Please refer to our [BalanceUP Service Disclosure](https://lili.co/legal-documents/balanceup-service-disclosure) for more details. 5 Early access to ACH transfer funds depends on the timing of the payer’s submission of transfers. Lili will generally post these transfers on the day they are received which can be up to 2 days earlier than the payer’s scheduled payment date. 6 Up to \$1,000 per cardholder per 24 hours period. Some locations have lower limits and retailer fees may vary (\$4.95 max). Note that Lili does not charge transaction fees. 7 Lili AI and other reports related to income and expenses provided by Lili can be used to assist with your accounting. Final categorization of income and expenses for tax purposes is your responsibility. Lili is not a tax preparer and does not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your specific situation. 8 Lili does not charge debit card fees related to foreign transactions, in-network ATM usage, or card inactivity, or require a minimum balance. See the Master Fee Schedule, Appendix A to the [Sunrise Banks Account Agreement](https://lili.co/legal-documents/sunrise-account-agreement) for more detail. 9 International wire transfers are only available to legal entity customers (LLCs, corporations, and partnerships). Transfers can be made to and from select countries. Please check your app for the most up to date list. Fees apply. Learn more here [Sunrise Banks Account Agreement](https://lili.co/legal-documents/sunrise-account-agreement). 10 Access to capital is provided by our partners that offer business loans or lines of credit. Lili is a financial technology company, not a bank or lender. Underwriting required. 11 Expedited availability of funds is based on individual circumstances. 12 FDIC insurance only covers the failure of an FDIC insured bank. The standard FDIC deposit insurance limit is \$250,000 per depositor, per FDIC insured bank, per ownership category through Sunrise Banks, N.A and the sweep program banks. See [Sunrise Banks Account Agreement](https://lili.co/legal-documents/sunrise-account-agreement) and [Addendum to Sunrise Banks Account Agreement](https://lili.co/legal-documents/addendum-to-sunrise-banks-account-agreement). 13 BusinessBuild is an add-on feature available to all Lili Accounts, except sole proprietorships and non-US citizens. After a one-month free trial, account holders will be charged \$18 per month for the next three months, then \$30 per month thereafter. By integrating your Lili Account through the D\&B Credit Insights banking integration feature, there may be potential for you to positively impact your Delinquency and Failure Scores. Dun & Bradstreet requires a minimum of six months of business banking transaction history to be able to potentially impact these scores. Customers must be enrolled in the BusinessBuild feature to access the Lili BusinessBuild Card (Card). Lili App Inc. (Lili) partners with CapitalOS and First Internet Bank of Indiana, Member FDIC, for the Card. Lili is a financial technology company, not a bank or lender. CapitalOS is a financial technology company and lender, not a bank. CapitalOS or one of its affiliates is the lender, and Cards are issued by First Internet Bank of Indiana, pursuant to a license from Visa U.S.A. Inc. 14 The Core banking account has no monthly fee. Monthly fees apply to the Pro, Smart, and Premium accounts. See the fee schedule [here](https://lili.co/legal-documents/sunrise-account-agreement#Schedule-of-Fees) for details. 15 To learn more about our fees, please check out our fee schedule [here.](https://lili.co/legal-documents/sunrise-account-agreement#Schedule-of-Fees) 16 Figures based on a Lili survey conducted between January 1, 2025 to January 1, 2026. Information available upon request. © 2026 Lili App Inc. All Rights Reserved. ### Explore the Lili platform with a guided tour Discover how effortless business finance can be Take a quick tour of the tools inside the Lili account. Banking, bookkeeping, invoicing, and taxes, all in one place. [Explore Demo](https://lili.navattic.com/bz10gja) ![](https://lili.co/wp-content/uploads/2025/06/image.svg) ![](https://lili.co/wp-content/uploads/2025/06/image.svg)
Readable Markdown	Guide & Templates Looking to understand the financial performance of your business? Review our guide to Profit & Loss statements and get a head start in preparing one with our free downloadable profit and loss statement templates. What is a Profit and Loss Statement? A profit and loss statement, or P\&L statement, is a financial document that helps you understand your business’s profitability over time. By contrasting your business income with your expenses, profit and loss statements help track your overall profits and identify periods of loss. A P\&L statement includes three primary sections: business expenses (money going out), revenue (money coming in), and net income (the difference between the two, commonly referred to as your profit margin). Small businesses often use profit and loss statements to demonstrate their profitability to potential investors or when applying for a bank loan. P\&L statements are one of the essential financial statements for businesses, along with balance sheets and [cash flow statements](https://lili.co/resources/accounting/cash-flow-statement). They are necessary for proving the status your business finances, and an important tool for you to assess whether your business is in the black (profitable) or the red (operating at a loss). Profit and Loss Statement examples and templates Creating a Profit and Loss statement for the first time can be overwhelming, but you can use this example to understand how a P\&L statement should look. Get a better idea about how to evaluate your business’s profitability with this P\&L statement example. [Download](https://lili.co/wp-content/uploads/2023/07/pl-statement-example-by-lili.xlsx) Lili prepares P\&L statements for you Lili’s Accounting Software automatically generates financial reports based on your transaction categorization, including Profit & Loss statements. ## How to create a Profit and Loss Statement ### Set your time range Determine the period of time for which you need to create a profit and loss statement. This can be anything from a month to a financial quarter or even a year. ### Input profits and losses Identify all revenue and expenses for the selected period of time, and input this information into your P\&L statement template. ### Customize for your business All of our free profit and loss statement templates are customizable to your needs! Edit or remove line items that are not relevant to your business, or add in lines as you go to fit with unique revenue sources and business expenses. ### Check Excel formulas Don’t assume the formulas are acting as they should! Double check formulas for fields such as Total Expenses and Net Profit, making sure the calculations are filling correctly. ### Save your results Save a copy of this P\&L statement for your business records, or convert it to a PDF and share with the appropriate parties (e.g. an investor or lender). What is the purpose of a P\&L Statement? A profit and loss statement is helpful for your own understanding of your business’s financial health. It is a quick way to check whether your business is operating at a profit or a loss, helps you review expenses to understand where you can increase spend (or where you need to cut costs), and helps you check in on the quality of your profit margin. P\&L statements are also a helpful way to outline your business’s current and projected profitability to any outside entities that may require it. Investors will want to see that you are operating at a profit, or have a pathway to future profitability. Lenders will need to see where your business is at financially right now, and how you plan to improve in the future. Business finances naturally will ebb and flow, and a profit and loss statement can demonstrate how these changes pan out over time. ## Profit & Loss Statement Format A profit and loss statement includes a number of elements that are relevant to your business finances, including: ### Net sales/Revenue Your total business revenue for the given period of time. This may look different depending on your accounting processes and the type of business you are running. ### Cost of Goods Sold (COGS) Expenses associated with producing the products or services you provide, such as raw materials, employee wages, and shipping expenses. ### Business Expenses Operating expenses related to selling and marketing, and administrative expenses associated with your business that are not directly related to the production of goods or services. Examples of such expenses include rent, advertising, and software subscriptions. ### Net Income Your pre-tax income. ### Earnings per Share (EPS) Net income divided by the number of shares for the given period of time. ### Depreciation Value lost by depreciating assets such as equipment, inventory, vehicles, and property during the specified period of time. ### Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) Earnings for the selected period of time after subtracting all internal costs, but before subtracting external costs (interest, tax, depreciation, and amortization). Frequently asked questions Yes, you can create your own profit and loss statement\! A P\&L statement can be manually prepared either by starting from scratch, or by using a statement template, like the downloadable statements templates [available above](https://lili.co/resources/accounting/profit-and-loss-statement#downloadable-templates). Streamline your business accounting with Lili Simplify your bookkeeping with instant transaction categorization, and gain clarity about your business’s financial status with income & expense insights and auto-generated financial reports. Make it easier to balance your books with Lili’s Accounting Software. Related Financial Report Guides
Shard	112 (laksa)
Root Hash	15993776030671013112
Unparsed URL	co,lili!/resources/accounting/profit-and-loss-statement s443