Welcome back to Money in Life TV, the place where people come to learn about finances, investing, and taxes. How's it going, YouTube? How are you all doing out there in the vast lands of the internet? I hope you're having a wonderful day and feeling chipper. I have some fantastic information to share with you today, as well as a new free downloadable spreadsheet. I had hoped to release this video earlier in the tax season, but unfortunately, it didn't happen. However, here it is! Many of you out there are hustling and running your own businesses. Some of you may be farmers with a Schedule F or sole proprietors. I thought it would be a great idea to share a spreadsheet that I created for myself. As a YouTuber, I needed a way to track my revenue and expenses to assist me in filling out my tax forms. So, I wanted to share this spreadsheet with you. I believe it will help you better manage your books and provide an overview of your business's financial ance, such as profitability. This is a simple way to keep track of your finances, especially if your business is small and has fewer transactions. It's like a "poor man's version" of bookkeeping but can definitely get the job done. I often like to explain things using examples. So, for this example, we'll be using Chipper's awesome YouTube channel. Please note that this is a fictional example, but Chipper may actually leave me someday because that bird thinks he's too good and doesn't need me anymore. Sometimes, even I amaze myself. The example we're looking at here is based on a fictitious YouTube channel. However, it doesn't matter what kind of business you have. Whether you're in the landscaping, hairdressing, or plumbing industry, you can still...
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Free p&l template Form: What You Should Know
Profit and Loss Statement Template — Free Download — QuickBooks This free profit and loss statement form can help you quickly and easily begin the process of creating one for your business. In the P&L, you have the opportunity to see and track your businesses financial condition through the use of graphs such as a P-curve and the L-curve that shows the growth of revenue. As the profit and loss form allows you to easily review your entire business, you can also use it during audit phases to review your performance during the previous years financial reporting periods. Profit and Loss Statement Template — Microsoft Office — Fillable Use the Profit And Loss Statement template, which you can change based on your needs, to set up and edit your profit and loss statements. You can save the income statement for a specific year and the expense statement for a specific period of time. It can also track business performance and track expenses for a specific time period. Profit-and-Loss Statement Template — Fillable — QuickBooks Save your receipts and make sure you have proper records of income and expenses. You can import your annual profit and expenses statement (Form 990) and the tax forms (Forms 940) into this P&L template. If you need to make changes to your income statements, make small changes to the profit and loss statement and edit it. Use it for receiving and issuing income statements, and it can be used on completing your invoices. How It Works To make a profit with a business, you want to: Identify risk and make sure you understand it. Use your business knowledge. Profit and loss statements help you make the decision whether it is time to quit a business or not. They can identify when you have made profit and losses over a time period and how much profit you have made. Download this P&L template to quickly generate a profit and loss statement based on your financial condition so that you can easily review your overall financial position.
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