Revenue
Money earned from sales or services during the reporting period, before subtracting costs.
Free statement builder for small businesses
Profit & Loss Statement
Build a clean P&L in minutes. Add your revenue and expenses and get an instant, downloadable statement.
No signup requiredPDF and CSV downloadsSaved in your browser
BUILD YOUR STATEMENT
Turn your business activity into a clear P&L
The preset fills in relevant categories. You can rename, add, or remove every line.
Revenue and sales
Money earned before subtracting costs.
Cost to deliver what you sold (COGS)
Optional for service businesses. Enter direct delivery costs only.
Operating expenses
Costs that keep the business running.
Educational builder only. This statement uses the figures and categories you enter and does not apply a specific accounting method or verify your records.
LIVE STATEMENT
Your business
Start date to End dateNet profit$00.0 percent net margin
- Total revenue
- $0
- Cost of goods sold
- $0
- Gross profit
- $0
- Operating expenses
- $0
At a glance
Revenue$0
Total costs$0
Net result$0
Add revenue, then enter at least one cost or expense to unlock downloads and email. Enter 0 if your business had no costs or expenses for this period.
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Let Novo Bookkeeping do this
Novo Bookkeeping generates your P&Ls, tax reports, and cash flow automatically from your real transactions, free with your account.
- No hidden fees, no monthly fees, no minimums
- Novo Bookkeeping builds your P&L automatically
- Every transaction auto categorized for you
P&L assistant
Ask about categories, margins, or what to discuss with an accountant.
The business health snapshot
What is a profit and loss statement?
A P&L summarizes revenue, direct costs, and operating expenses over a specific period. It shows whether the business earned a profit or recorded a loss, and where the money went.
Cost of goods sold
Direct costs required to deliver what you sold, such as inventory, materials, or fulfillment.
Operating expenses
Costs that keep the business running, including rent, payroll, software, insurance, and marketing.
Net profit or loss
What remains after direct costs and operating expenses are subtracted from revenue.
You built this one by hand
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Novo Bookkeeping categorizes transactions and keeps Financial Insights current, so your profit and loss and top expenses are ready when you need them.
- Automatic expense categorization
- P&L and cash flow reporting
- External account transaction syncing
Profit and loss statement questions
Many owners review a P&L monthly and also prepare quarterly and annual versions. A regular schedule makes trends easier to spot and keeps records ready for taxes, lenders, and planning.
Not always. A service business may have no cost of goods sold, or it may include direct delivery costs such as contractors and job materials. Leave the section blank when it does not apply.
Profit measures revenue minus recognized expenses for a period. Cash flow tracks when money actually enters and leaves the business. A profitable business can still have a cash shortage when customers pay late or large bills come due first.
The PDF and CSV can help organize your figures, but a lender may require a statement prepared or reviewed under specific accounting rules. Confirm the required format and documentation with the lender.
No. This tool performs simple arithmetic using the entries you provide. A qualified accountant or tax professional can determine the correct accounting method, timing, and categories for your business.
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