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P&L Statement Generator

Build a printable profit & loss statement instantly - enter your revenue and expenses to see gross profit, operating profit, and net profit in seconds.

P&L Builder
Revenue (Income)
Cost of Goods Sold / Direct Costs

Raw material, direct labour, freight. Leave blank if service-only business.

Operating Expenses
Business Finance

Why Track Your P&L?

ITR Filing

Freelancers and business owners must report income under 'Business & Profession'. A P&L statement helps calculate taxable profit after deducting all allowable business expenses.

Loan Applications

Banks and NBFCs require 2–3 years of P&L statements for business loan applications. A profitable P&L helps secure better loan terms and higher limits.

Business Health Check

Gross margin < 30% signals pricing or cost problems. Operating margin < 10% signals overhead bloat. Net margin < 5% leaves little buffer for growth or downturns.

FAQ

Frequently Asked Questions

A P&L statement summarises revenues, costs, and expenses over a period, showing whether the business is profitable. It flows from Revenue → Gross Profit → Operating Profit (EBIT) → Net Profit. Used for ITR filing, loan applications, and tracking business health.

Gross profit = Revenue − COGS (direct costs). Net profit = Gross profit − Operating expenses − Depreciation − Interest − Tax. For service businesses, COGS = 0 so gross profit = revenue. A healthy SME targets net margin of 10–20%.

Yes. Freelancers must report income under 'Business & Profession' in ITR-3/4. A P&L documents your gross income and deductible expenses (laptop, internet, software, travel). Above ₹50L revenue, you must maintain formal books of accounts.

Deductible: office rent, internet/phone, laptop depreciation, software subscriptions, professional development, travel for business, marketing, accountant/legal fees, and proportional home office costs. All must be business-related and backed by receipts.

EBIT = Operating profit (Revenue − COGS − Opex − Depreciation). EBITDA = EBIT + Depreciation + Amortisation. Banks use EBITDA for loan eligibility as it excludes non-cash charges. For asset-light freelancers and services businesses, EBIT ≈ EBITDA since depreciation is minimal.