Profit Loss Statement Form PDF Details

Are you a small business owner or freelance contractor? Running your own enterprise can be an exciting journey filled with opportunities and risks. One of the most important tools for tracking the success (or losses) of your small business is profit loss statements. A profit loss statement form helps to provide key insights into operations, financials, expenditure and revenue streams from month-to-month or quarter-to-quarter. In this blog post we'll provide an overview of what a profit loss statement form is and how it works. Plus, we'll explain how you can create a simple yet effective one on your own to aid in your future decision making endeavors!

QuestionAnswer
Form NameProfit Loss Statement Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesprofit loss statement, loss and profit statement forms, how to profit and loss statement sample, chase bank statement

Form Preview Example

SAMPLE PROFIT & LOSS STATEMENT

Any borrower(s) who is/are self-employed or an independent contractor should complete this form if they do not already have their own proit and loss form.

Company Name: _________________________________________________ Percent of Ownership_________%

Company Address:______________________________________________________________________________

Type of Business: _______________________________________________________________________________

Borrower Name(s): _____________________________________________________________________________

Loan Number: _________________________________________________________________________________

Dates Reported (MM/DD/YY - MM/DD/YY) _______________________________________________________

(MUST BE MINIMUM OF 3 FULL MONTHS)

Please fill in the fields that apply to your business

GROSS INCOME

Gross Sales

$

(Total amount of income from sales or service before subtracting expenses)

 

 

 

Other Income

$

(Any other additional funds earned through the company such as payments

 

from people leasing space or payments from investors)

 

 

 

Total GROSS INCOME BEFORE TAXES

$

EXPENSES

 

 

 

Cost of Goods Sold

$

(Direct costs to produce or obtain the goods sold by the company)

 

 

 

Accounting and Legal Fees

$

 

 

Advertising

$

 

 

Insurance

$

(Do not include homeowner insurance)

 

 

 

Maintenance and Repairs

$

 

 

Supplies

$

 

 

Payroll Expenses

$

(Salaries and wages for borrower(s) on the mortgage loan)

 

 

 

Payroll Expenses

$

(Salaries and wages for employees who are not borrower(s)

 

on the mortgage loan)

 

Postage

$

(Over, please)

SAMPLE PROFIT & LOSS STATEMENT

Please fill in the fields that apply to your business

Rent

$

 

 

Licenses

$

 

 

Taxes

$

(Do not include Real Estate taxes on the property; do not include Income

 

Taxes on the business - include the total of any other taxes that you have to

 

pay for the business)

 

 

 

Telephone

$

 

 

Travel/Transportation

$

 

 

Utilities

$

 

 

Other

$

(Total and explanation of any other expenses not already listed)

 

________________________________________________________________

 

________________________________________________________________

 

________________________________________________________________

 

 

 

Total EXPENSES

$

 

 

 

 

NET INCOME

 

 

 

Net Income Before Taxes

$

 

 

Taxes

$

(Paid on Business Income)

 

Total NET INCOME AFTER TAXES

$

By signing this document, I/we certify that all the information is truthful. I/we understand that knowingly submitting false information may constitute fraud.

Borrower Name(s) ______________________________________________________________________________

Signature ___________________________________________________ Date_____________________________

Signature ___________________________________________________ Date_____________________________

D16205 PL 0812

How to Edit Profit Loss Statement Form Online for Free

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Step 1: First of all, access the editor by pressing the "Get Form Button" in the top section of this webpage.

Step 2: The editor will give you the opportunity to work with PDF forms in a variety of ways. Improve it by including personalized text, correct what's originally in the document, and place in a signature - all when it's needed!

Filling out this document calls for attentiveness. Make sure every blank is filled in properly.

1. You will want to fill out the forms profit loss statements correctly, so take care when filling in the parts comprising all of these fields:

Stage # 1 in filling out profit and loss statement forms

2. Soon after filling out this section, go on to the subsequent step and fill in the essential particulars in all these fields - Total GROSS INCOME BEFORE TAXES, EXPENSES, Cost of Goods Sold Direct costs to, Accounting and Legal Fees, Advertising, Insurance Do not include homeowner, Maintenance and Repairs, Supplies, Payroll Expenses Salaries and, and Payroll Expenses Salaries and.

profit and loss statement forms completion process outlined (portion 2)

In terms of Insurance Do not include homeowner and Advertising, ensure you don't make any mistakes here. Those two are considered the most significant fields in this form.

3. The following portion is about Payroll Expenses Salaries and, Postage, and Over please - fill out each one of these empty form fields.

Filling out part 3 of profit and loss statement forms

4. To move forward, your next form section will require filling out a few fields. These include Rent, Licenses, Taxes Do not include Real Estate, Telephone, TravelTransportation, Utilities, Other Total and explanation of any, and Total EXPENSES, which are crucial to going forward with this process.

profit and loss statement forms conclusion process outlined (portion 4)

5. Lastly, this last segment is precisely what you will have to wrap up prior to finalizing the PDF. The blank fields you're looking at include the next: NET INCOME, Net Income Before Taxes, Taxes Paid on Business Income, Total NET INCOME AFTER TAXES, By signing this document Iwe, Borrower Names, Signature Date, Signature Date, and D PL.

Filling out section 5 in profit and loss statement forms

Step 3: Check everything you've entered into the blanks and then click on the "Done" button. Try a 7-day free trial plan with us and obtain direct access to forms profit loss statements - readily available in your personal cabinet. FormsPal offers protected document tools devoid of data recording or distributing. Feel at ease knowing that your data is safe here!