Sample Profit & Loss Statement

This sample report will show you the basic structure of a Profit & Loss Statement.

Sample Company, Inc.
Sample Profit & Loss Statement

August 1-31, 2012

Revenue and Expenses Amount
Operating Revenue
Product sales $12,000
Service sales $3,000
Total Operating Revenue $15,000
Operating Expenses
Cost of goods sold $7,000
Gross Profit $8,000
Rent $1500
Insurance $250
Office supplies $150
Utilities $100
Total Overhead $2,000
Operating Income $6,000
Other Income (Expenses)
Loan interest ($500)
Earnings Before Income Taxes $5,500
Income Taxes $500
Net Earnings $5,000

Note that a business organized as a C corporation almost always shows income tax expense, but S corporations, partnerships, LLCs, and sole proprietorships rarely list income tax on the P&L.

For more about small business financial management, read the articles.

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