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    How To Use A Profit & Loss Statement

    Uploaded by

    Jinney Abadano Aliling
    The document provides instructions for using a profit and loss statement template to analyze the financial performance of a business over time. It explains how to select a consistent timeframe, record sales revenue and expenses, and calculate key metrics like gross profit, prime cost, and net profit/loss to identify trends and make informed business decisions. The template allows entering sales and cost of goods sold data by category, as well as labor, operating, occupancy, and depreciation expenses to calculate profitability.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    How To Use A Profit & Loss Statement

    Uploaded by

    Jinney Abadano Aliling
    48 views3 pages
    The document provides instructions for using a profit and loss statement template to analyze the financial performance of a business over time. It explains how to select a consistent timeframe, record sales revenue and expenses, and calculate key metrics like gross profit, prime cost, and net profit/loss to identify trends and make informed business decisions. The template allows entering sales and cost of goods sold data by category, as well as labor, operating, occupancy, and depreciation expenses to calculate profitability.

    Original Title

    Restaurant-Profit-Loss-Statement-Template

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    The document provides instructions for using a profit and loss statement template to analyze the financial performance of a business over time. It explains how to select a consistent timeframe, record sales revenue and expenses, and calculate key metrics like gross profit, prime cost, and net profit/loss to identify trends and make informed business decisions. The template allows entering sales and cost of goods sold data by category, as well as labor, operating, occupancy, and depreciation expenses to calculate profitability.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    48 views3 pages

    How To Use A Profit & Loss Statement

    Uploaded by

    Jinney Abadano Aliling
    The document provides instructions for using a profit and loss statement template to analyze the financial performance of a business over time. It explains how to select a consistent timeframe, record sales revenue and expenses, and calculate key metrics like gross profit, prime cost, and net profit/loss to identify trends and make informed business decisions. The template allows entering sales and cost of goods sold data by category, as well as labor, operating, occupancy, and depreciation expenses to calculate profitability.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    How to Use a Profit & Loss Statement

    Welcome to your Profit & Loss Statement Template.


    Here, you can create a quick P&L for a selected
    timeframe to analyze what may be contributing to
    or hurting your business over time.

    Select a Timeframe
    1 Generate P&L statements at a consistent timeframe,
    either weekly, monthly, quarterly, or annually.

    Record Sales and Expenses


    Enter record sales, cost of goods sold, labor,
    2 operating expenses, occupancy costs, and more.

    Calculate Depreciation
    Depreciation refers to the decreasing value of an asset
    over time, in this case the physical restaurant establishment.
    3
    Analyze Key Data Points
    Track percent of sales, gross profit, prime cost, and net profit
    and loss to recognize trends and make data-driven decisions.

    For more details, follow along in this blog post.

    CLICK HERE TO GET STARTED ar


    Profit & Loss Statement
    My Restaurant Name
    Time Period ex. March 2015

    My Restaurant Name Percent of Sales


    Sales
    Sales by category

    Food #DIV/0!
    Wine #DIV/0!
    Liquor #DIV/0!
    Beer #DIV/0!
    Soft Drinks #DIV/0!
    Other Sales #DIV/0!
    Total Sales $0.00

    COGS
    Cost of Goods Sold

    Food #DIV/0!
    Wine #DIV/0!
    Liquor #DIV/0!
    Beer #DIV/0!
    Soft Drinks #DIV/0!
    Total COGS $0.00 #DIV/0!
    Gross Profit $0.00 #DIV/0!

    Labor Costs
    Wages paid to employees

    Salaried #DIV/0!
    Hourly #DIV/0!
    Payroll Tax #DIV/0!
    Benefits #DIV/0!
    Total Labor Cost $0.00 #DIV/0!
    Prime Cost $0.00 #DIV/0!

    Operating Expenses
    Incidentals of business

    Supplies #DIV/0!
    Repairs #DIV/0!
    Advertising #DIV/0!
    Other Expenses #DIV/0!
    Total Operating Costs $0.00 #DIV/0!

    Occupancy Expenses
    Fixed location costs

    Rent #DIV/0!
    Real Estate Tax #DIV/0!
    Property Insurance #DIV/0!
    Utilities #DIV/0!
    Total Occupancy Costs $0.00 #DIV/0!

    Depreciation
    Diminishing value over time

    Value Lost #DIV/0!

    Net Profit/Loss $0.00

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