Q:

Where can you find an example of a profit and loss template for a small business?

A:

Quick Answer

BBT.com has an example of a profit and loss template for a small business. The website provides a few different examples of profit and loss statements, as well as detailed explanations as to what goes into a profit and loss statement.

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Full Answer

A profit and loss statement can tell a business owner and any stockholders how the business's net assets have increased or decreased over the course of the fiscal year. It provides the inflow of net assets and provides information as to why the net assets increased or decreased during the year. These statements also allow business owners and stockholders to understand where problem areas are so they can better manage the business's finances in the coming year.

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