General Profit&Loss Template

This template serves as a general Profit and Loss (P&L) statement for small and medium enterprises, tracking month-on-month trends in revenue, costs, and various other expenses. At the top of the template, a Net Income Bridge provides a clear illustration of how the net income evolves from the prior year to the current year. The bridge begins with the starting net income, and it details the contributions and deductions that lead to the current net income. Key contributors such as total income, cost of goods sold (COGS), and total expenses are prominently displayed, allowing for a comprehensive understanding of what drives changes in profitability. By breaking down each component, the template helps identify areas of growth and concern, enabling more informed decision-making. The P&L template, therefore, not only offers a snapshot of financial performance but also provides insights into the factors influencing net income over time. This makes it an essential tool for maintaining financial health and guiding strategic planning.