Skip to main content
Profit & Loss template

P&L statements are essential tools for businesses of all sizes.

Laszlo Molnar avatar
Written by Laszlo Molnar
Updated over a week ago

This profit and loss template uses the matrix visual to present the numbers, and compares current fiscal quarter and year performance against their respective previous periods.

Test drive this template

You can click on the screen shots below to test drive the template with Demo Company data in Microsoft Power BI online.

Download the template

Click the button below to download the template.

Once downloaded, open the template in Microsoft Power BI Desktop and connect to your Connectorly database.

Key Tables

This template makes use of Journals, Dates and Account Views.

How to build a Profit & Loss

Watch the short video below to learn how easily the template can be built.

Why is the Profit & Loss report important?

  1. It provides a summary of a company's financial performance over a specific period of time. This allows businesses to track their progress and identify areas where they can improve their profitability.

  2. It helps businesses to make informed decisions about their pricing strategies. By understanding their costs and margins, businesses can set prices that are likely to be profitable.

  3. It can be used to forecast future financial performance. By analysing historical P&L statements, and automatically calculating future expenses and income from repeating invoices and budgets, businesses can make more informed projections about future profitability.

  4. It's required by law for many businesses. Publicly traded companies are required to file their P&L statements with the Securities and Exchange Commission (SEC), and many other businesses are required to provide them to their creditors.

  5. It can be used to compare a company's performance to its competitors. This information can help businesses to identify areas where they can improve their competitive position.

  6. It can be used to attract investors. Potential investors are interested in a company's profitability, so a strong P&L statement can help to attract new investment.

  7. It can be used to negotiate loan terms. Banks and other lenders are interested in a company's profitability, so a strong P&L statement can help to secure favourable loan terms.

Did this answer your question?