Profit and loss statement (P&L)
Build a simple income statement for a month, quarter or year. It shows net sales, gross profit, operating income and net income, with your margins, ready to print.
How to use it
- You enter the data
- Smallo works it out
- You get the result
- Enter sales, returns and cost of goods sold for the period.
- List your operating expenses, plus interest and taxes.
- Review the results and print or save the statement as a PDF.
Frequently asked questions
What is the difference between gross profit and net income?
Gross profit is net sales minus the cost of goods sold. Net income also subtracts operating expenses, interest and taxes.
Is this a formal financial statement?
It is a simple P&L for planning and internal use. For taxes, loans or investors, ask your accountant for statements prepared under the required standards.