Profit & Loss Statement Generator
Revenue
Cost of Goods Sold
Expenses
Notes
Total Revenue: $0.00
Cost of Goods Sold: $0.00
Gross Profit: $0.00
Total Expenses: $0.00
Net Profit: $0.00
Disclaimer: This tool is intended for informational purposes only and does not constitute financial, legal, or tax advice. The accuracy of the generated profit and loss statement depends on the accuracy of the data entered by the user. This tool does not guarantee compliance with accounting standards or tax regulations. Users are strongly encouraged to consult a certified accountant or financial professional before making any business or tax-related decisions. The creators of this tool are not responsible for any financial decisions, losses, or misinterpretations that may arise from its use.
How to Use the Profit & Loss Statement Generator
Welcome to the Profit & Loss Statement Generator. Follow these simple steps to generate a profit and loss statement for your business.
Step 1: Select Your Currency
Choose your preferred currency from the available options (USD, Euro, or Pound) before entering financial data.
Step 2: Enter Your Revenue
- Click on the “+ Add Revenue” button to enter your income sources.
- Provide a description for each revenue stream.
- Enter the amount earned from each source.
Step 3: Input Cost of Goods Sold (COGS)
- Click on “+ Add COGS” to enter the cost associated with producing goods or services.
- Describe each cost and input the corresponding amount.
Step 4: Record Operating Expenses
- Click on “+ Add Expense” to list all business expenses.
- Enter a description and the amount for each expense.
Step 5: Add Notes (Optional)
Use the “Notes” section to add any additional details or comments about your financial entries.
Step 6: Review Your Calculations
The tool will automatically calculate and display:
- Total Revenue
- Cost of Goods Sold (COGS)
- Gross Profit (Revenue minus COGS)
- Total Expenses
- Net Profit (Gross Profit minus Expenses)
Step 7: Finalize Your Statement
- Click “Calculate” to ensure all entries are updated.
- Choose “Download PDF” or “Print Statement” to save your report.