It is extremely important for a company to know its financial health and for that profit and loss statement is an important report to prepare. By using a profit and loss account Excel template, you can easy create your own income statement within no time. The purpose of profit and loss template is to summarize all the expenses, revenues and costs incurred by a company during a specific period of time. The profit and loss statement template forms the basis of all the important accounting documents that a company is required to prepare. With the help of profit and loss format sample, you can have a quick statement ready for your company to view its financial health without requiring help from any kind of professional.
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