Simple guidance to demystify your finances

Resource

Simple guidance to demystify your finances

Use this free restaurant income statement template to understand your restaurant’s net profit or loss — pinpointing the areas that are contributing to or hurting your business.

Free Profit and Loss Statement Template

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What's inside?

An Excel spreadsheet template that will help you easily create a profit and loss statement that summarizes the revenue, costs, and expenses your restaurant incurred during a specific period of time

What is a profit and loss statement for restaurants?

A P&L statement, often referred to as an income statement, is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time.

A P&L statement serves two key purposes for restaurant operators:

To understand net profit or loss
To identify areas that are contributing to or hurting the business

How do you create a profit and loss statement for a restaurant?

There are several steps involved in creating a profit and loss statement — from choosing a timeframe, to entering Cost of Goods Sold (COGS), to calculating depreciation.

It’s easier to create a restaurant income statement by using a template you can plug your data into and have automatically calculate key data and financial points about your business.

How do you read a restaurant P&L report?

Based on the data you provide, the template will calculate key data and financial points — like percent of sales, gross profit and gross profit and margin, and net profit/loss — to help you understand your restaurant’s revenues, costs, and expenses incurred during a specific period of time.

To learn more about analyzing a profit and loss statement, follow along with this guide.

Download the Restaurant Profit & Loss Statement Template

Ready to evaluate your restaurant's financial strengths and weaknesses? Download the free P&L and income statement template.