To take it from there to a more formal projected Profit and Loss is a matter of collecting forecasts from the lean plan. The profit and loss template includes the same set of categories as the business budget, and information about income categories and expense categories can be found on the Income Statement and Business Budget pages.
The format and math start with sales at the top. After creating a profit and loss projection, you could simply change the title of your spreadsheet to "Budget". I explained that choice and depreciation and amortization as well in Financial Projection Tips and Trapsin the previous section.
And projections are always different from statements, because of Planning not accounting.
You should seek the advice of qualified professionals regarding financial decisions. It uses the same list of categories as the business budgetbut also includes columns for calculating the Percentage of Total Sales, which helps you to analyze cost of goods sold and operating expenses.
Founder or co-founder of several others, ranging from successful to failure and in-between. While a Profit and Loss Statement or Projected Profit and Loss affects the Balance Sheet because earnings are part of capital, it includes only sales, costs, expenses, and profit.
I post on 8 different sites. All those posts are consolidated at blog. The sales and costs of sales go at the top, then operating expenses.