Exceltemplates.org – Running a business could be such a difficult thing to do at times. There are plenty things that you have to take into account and monitor in order to create a successful business. And one of the most important elements in creating a successful business is by become aware of the overall profit and loss of your company. By keeping track of the total income and outcome of your company, you can act and respond to any company’s difficulties such as financial crisis and many others. And you can do all of those things above simply by using Microsoft excel template of profit and loss planner.
Profit and Loss Projection in Microsoft Excel
Microsoft excel profit and loss planner with help you track and monitor the overall financial condition of your company including the income and expenses. And you can choose to monitor your company over some period of time in order to show some growth of the business. Using excels profit and loss planner certainly provides many benefits compared to regular accounting software. Not only they are so much easier to use, profit and loss planner is also significantly so much more economic than buying accounting software.
How to Use Profit and Loss Planner Template?
The first thing you need to do is to determine the period of time in which you want to review your company in the overview part whether it is monthly or yearly. Enter the name of your company and select the fiscal year. Once you are done with the overall details and overview of your company, you can start to fill out your figure of revenue, cost, and expenses in the available columns. After that, on the profit and loss details section you will see the pie chart of your overall sources of revenue and expense made by your company.

Using Microsoft Excel to simplify your spreadsheet tasks is not as difficult as you think. I learned how to use it in less than 24 hours and rely on internet to find the solution if I got stuck. I am not an Excel expert, but here are all useful spreadsheets I have collected and created.