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Video instructions and help with filling out and completing Profit and loss statement template for self employed excel
Welcome back to this video in this video I'm going to show you how to create a P&L statement using Microsoft Excel all we need to do is open a new sheet on Microsoft Excel I'm going to row 2 and just go in from B to H I'm just going to merge and center those cells and I'm going to put in something like profit and loss and I'm writing with or type with one hand tense whites of it's slow profit and loss statement and then I'm going to make that bold and underline it and then I'm going to do - and then the business name so for this video I just put B PFS the name of my business you'd be it first limited something like that something nice and simple and I'm going to do the same below merge and center b2h and Row 3 and I'm going to put the date and this one so it's June it's the 16th of June today so let's do our management accounts for May for the previous month for the month of May so the 31st May 5 2022 or we could put May 2022 now at your profit and loss statements the the clue to what the statement is is in the title just like a lot of the statements in accounting it gives you a breakdown of your net profits your gross profit it or your net loss or gross loss for a certain period and as these are monthly management accounts it will be for the previous month I'm going to start let's say here B 7 I'm going to put sales make that bold and then somewhere along here let's put it in F let's put a pound sign and that's sent to that so we have this pound sign you can put a dollar sign all over your currency symbol is now we're going to lift our sales you may just have sales and into the sales figure for the month you may want to break down sales for the month into different categories you may have cells in the north snails from the south sales and east-west you may have a couple of shops shop a shop B you may sell different products you may have sells product a sales product B etc and for this video let's do products because that's quite common so let's just say sales product a and then just below I'll do sales product B and then let's do a third sales product C we will then have a total sales and this figures imports in this total sales ooh there are some vague figures on this report we want to stand out so let's make our total sales bold and underlined and we can even use a spacebar once we've underlined to make a nice line across the screen like that we go a bit further then we have this line bringing us to.