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About the application:

1. A Profit and Loss Statement is other name for the Income Statement. If you wish to make a profit and loss statement, you can use our income statement template and change the title. The Profit and Loss Template below is used for creating a 3-year projection, or an estimate of how you expect your business to perform from year to year. The profit and loss projection template is based on our Business Budget Template and uses the same income and business expense categories. 2. If you'd like to perform a money flow analysis, and are looking for a 12-month profit and loss template, test the 12-Month Business Budget Template. All you would need to do is change the title to "12-Month Profit and Loss Projection." You can also use the profit and loss template below for a monthly money flow analysis by changing the column labels from years to months. 3. The difference between a business budget and a profit and loss projection is subtle, but necessary. After creating a profit and loss projection, you should simply change the title of your spreadsheet to "Budget". your budget will be much more conservative than your projection. A projection could be as realistic as possible 4.The profit and loss template contains the same set of categories as the business budget, and info about income categories and expense categories