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.
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.