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hello and welcome to this walkthrough on how to use the profit and loss statement template the profit and loss statement is a financial statement when you summarize revenue and expenses in order to get your net income it is a very useful tool which allows you to identify trends in your businesses profitability make a quick cost driver analysis or just keep tabs on your taxes all of which allows you to create better business strategies for your company without further ado lets get started here in the introduction tab we have a quick guide on the different inputs and variables of a profit and loss statement below we have a customization difficulty a quick explanation of the tabs included in this template and some instructions on how you can customize this template lets get to the main worksheet to do that you can just click this hyperlink on the top left or just simply click on the profit and loss statement tab here we have a very simple but very usable p
