![]() Also, look for any line drawing or graphs that illustrate the relationship between revenue and expenses. This means there should be no question or doubt as to the classification of your items as revenue or expense. ![]() When looking for templates for profit and loss statements, make sure they are clearly laid out. If you are in need of a template, here are some tips on how to obtain them. Many companies use profit and loss statements as the basis for their annual audit. The purpose of the report is to give the management an accurate depiction of how the business spent its resources over a certain period of time. It is essentially an assessment of the profit and loss account. Free Profit and Loss Statement Templates are one of the financial reports that a company will typically have to submit to the shareholders.
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