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Profit & Loss Projection Ultimate ›

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Essentials Template - Excel & Google Sheets

Essentials Profit & Loss Projection Spreadsheet Template for Google Sheets & Excel

Year one is what you enter; years two and three are worked out from six assumptions you set - revenue, cost of goods sold and operating expense growth, plus a tax rate. The Essentials Profit & Loss Projection spreadsheet template runs thirteen lines from revenue through gross profit and margin, operating income, EBITDA, interest and income before tax, down to net income, with a dashboard over the top. Google Sheets and Excel. No macros, no VBA.

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$29
Essentials Profit & Loss Projection spreadsheet template - Google Sheets and Excel preview

What's Included

  • Six assumptions - revenue, COGS and operating expense growth, plus a tax rate
  • Year one entered, years two and three derived from those rates
  • Revenue, cost of goods sold and operating expenses on lines of their own
  • Gross profit and gross margin, with COGS as a share of revenue
  • Operating income, EBITDA, interest, income before tax and net income
  • A margin percentage beside each figure that has one
  • A tax line guarded so a loss year is not taxed
  • Year-over-year growth on revenue and on net income
  • A common-size column stating each line against year one revenue
  • A dashboard with six headline figures and two charts
  • A currency dropdown that relabels the money columns across both sheets
  • Works in Microsoft Excel and Google Sheets with no setup required
Ultimate Version Available

Need more from this template?

The Essentials Spreadsheet Template covers everyday tracking. The Ultimate Spreadsheet Template gives each part of the template its own sheet, with more capacity and deeper reporting on top.

Essentials - $19
  • Six assumptions - revenue, COGS and operating expense growth, plus a tax rate
  • Year one entered, years two and three derived from those rates
  • Revenue, cost of goods sold and operating expenses on lines of their own
  • Gross profit and gross margin, with COGS as a share of revenue
Ultimate - $29
  • Ten revenue streams across twelve months, each stream summarised annually
  • Cost of goods sold on its own sheet, with monthly gross profit and margin
  • Operating expense categories across the same twelve months
  • A monthly consolidated statement reading all three data sheets
  • An annual planned-against-actual block with variance in money and percent
See what's in the Ultimate version› One-time purchase. No subscription.

The FinancialAha Essentials Profit & Loss Projection Spreadsheet Template is a two-sheet workbook for Google Sheets and Excel, with a How to Use guide on a third tab. It works as an Essentials Profit & Loss Projection Excel template and an Essentials P&L Projection Google Sheets template from the same download. Year one is what you enter; years two and three are worked out from growth rates you set, through gross profit, EBITDA, tax and net income. No macros, no VBA.

Inside the workbook

What's inside the FinancialAha Essentials Profit & Loss Projection spreadsheet template

The FinancialAha Essentials Profit & Loss Projection Spreadsheet Template runs on two working sheets, with the instructions on a tab of their own. It works in both Microsoft Excel and Google Sheets and here is what the Essentials P&L Projection spreadsheet holds.

  1. 01 of 02

    P&L Statement

    Six assumptions sit at the top: how fast revenue grows in year two and in year three, how fast cost of goods sold grows in each, how fast operating expenses grow, and the tax rate. Everything in the year two and year three columns reads them. Year one you type; the other two years are consequences. Separating the revenue growth rate from the COGS growth rate is what makes the model worth building. A business whose costs grow at the same rate as its sales has a fixed margin and nothing to project; the interesting question is what happens to the bottom line when they diverge, and that question needs two rates rather than one. The statement runs the full way down. Three revenue lines to total revenue, cost of goods sold to gross profit and gross margin, operating expenses to operating income, then EBITDA with depreciation added back, interest, income before tax, the tax provision and net income - with a margin percentage beside each of the figures that has one. The tax line is guarded so a loss year is not taxed. A column down the right states each line as a percentage of year one revenue, which is what makes a cost line comparable between businesses of different sizes, and a Notes column carries whatever explanation the numbers need.

    FinancialAha Profit & Loss Projection spreadsheet template - P&L Statement sheet

  2. 02 of 02

    Dashboard

    Six figures across the top - revenue in each of the three years, year three EBITDA, year three net income, and the revenue growth between the first year and the last - all read from the statement rather than kept in step with it by hand. Underneath, two charts. One puts revenue, EBITDA and net income side by side across the three years, which is where a projection that grows revenue while thinning the bottom line shows itself. The other breaks year one expenses down by category, which is the year you actually entered.

    FinancialAha Profit & Loss Projection Google Sheets template - Dashboard sheet

  3. Included guide

    How to Use

    A step-by-step guide on its own tab, covering what each assumption drives, how the statement builds from revenue to net income, and how to change the currency. Because it ships inside the file, the instructions travel with the template wherever it is opened.

Works in both Google Sheets and Excel

Essentials Profit & Loss Projection Spreadsheet template for Google Sheets

Upload the Essentials Profit & Loss Projection Spreadsheet Template to Drive, right-click it, and choose "Open with Google Sheets". This Essentials P&L Projection Google Sheets template needs no conversion step and both charts come across intact.

Essentials Profit & Loss Projection Google Sheets template setup

A shared copy of the Essentials P&L Projection Google Sheets template suits a founder and an accountant working the same assumptions, since changing a growth rate moves both later years in front of both of them.

Running the Essentials Profit & Loss Projection Google Sheets template

The Essentials Profit & Loss Projection Google Sheet is a model rather than a log. It is opened when an assumption changes, and the three-year picture follows from that one edit.

Also available as:

Essentials Profit & Loss Projection Spreadsheet template for Excel

The Essentials Profit & Loss Projection spreadsheet Excel download is a plain .xlsx. Excel opens this Essentials P&L Projection Excel template directly, with no import step, and both charts are native Excel charts. There are no macros and no VBA in the file.

Essentials Profit & Loss Projection Excel template setup

The same Essentials P&L Projection Excel template opens in Excel on Windows, Excel on Mac, and Excel for the web. It is also the identical file you would upload to Drive, so there is no separate Essentials Profit & Loss Projection spreadsheet download to choose between.

Essentials Profit & Loss Projection spreadsheet template notes for Excel

The Essentials Profit & Loss Projection spreadsheet Excel file carries no macros and no VBA, so Excel opens it without a trust prompt.

Opening the Essentials Profit & Loss Projection spreadsheet Excel file

Nothing in the Essentials P&L Projection Excel template is version-specific, so this Essentials Profit & Loss Projection spreadsheet Excel workbook behaves identically in Excel on Windows, Excel on Mac, and older builds.

Also available as:

Spreadsheet template highlights

What the Essentials Profit & Loss Projection spreadsheet template tracks

The statement runs three years across five columns. This is what each line carries:

Year 1
what you enter, for revenue, cost of goods sold and each operating expense
Year 2 auto
derived from year one and the growth rate for that kind of line
Year 3 auto
derived from year two the same way, on its own rates
% of Y1 Rev
the line as a share of year one revenue, so a cost is comparable across sizes
Notes
whatever the number needs explaining by

Compare builds

FinancialAha Profit & Loss Projection spreadsheet template: Free, Essentials, and Ultimate compared

Feature Free View Spreadsheet Template Essentials This page Ultimate View Spreadsheet Template
Working sheets 1 2 6
Period covered One period Three years Twelve months
Revenue lines Shared with expenses 3 10
COGS lines Shared with expenses 3 4
Operating expense lines Shared with revenue 11 9
Gross profit and margin – Yes Yes
EBITDA, tax and net income – Yes Operating income and net income
Operating income line – Yes Yes
Growth assumptions drive future periods – Yes –
Planned against actual Per line – Six annual lines
Scenario comparison – – Three multipliers you set
Charts – 2 2

The Free Profit & Loss Projection Spreadsheet Template covers one period on one page, projected against actual. The FinancialAha Essentials Profit & Loss Projection Spreadsheet Template projects three years from growth assumptions you set, separates revenue, cost of goods sold and operating expenses, and works down through gross profit, EBITDA, interest, tax and net income with a margin beside each. The Ultimate Profit & Loss Projection Spreadsheet Template models twelve months instead of three years, across six sheets, with a scenario comparison driven by revenue multipliers you set.

Compare the other builds: Free Profit & Loss Projection spreadsheet template or the Ultimate Profit & Loss Projection spreadsheet template .

Good to know

Notes on working in the Essentials Profit & Loss Projection spreadsheet template

  • Revenue and cost of goods sold grow on separate rates, which is what lets the model show a margin changing.
  • Year one is typed and years two and three are consequences - editing a later year is not how the sheet works.
  • The tax line is guarded, so a loss year is not taxed.
  • The common-size column divides by year one revenue whichever year you are reading across.
  • EBITDA adds depreciation back to operating income, which is why the two lines differ.
  • The currency dropdown beside the title relabels the money columns. It changes the label only and does not convert the numbers.

How to Use the Essentials Profit & Loss Projection Spreadsheet Template

1

Set the assumptions

Growth for revenue, COGS and operating expenses, plus tax.

2

Enter year one

Revenue, cost of goods sold and each operating expense.

3

Read years two and three

They follow from the rates. Nothing there is typed.

4

Check the dashboard

Three years of revenue, EBITDA and net income, charted.

Stress-tested with AI.

Every template starts with deep research into how people actually track the topic. We design the layout, build the formulas, and polish the design until it feels like something we would use ourselves. Along the way, we use AI to stress-test the calculations: unusual inputs, edge cases, and formula behavior, checked until the numbers hold.

See Ultimate Spreadsheet Template

Instant digital delivery · Terms & Conditions apply

Frequently Asked Questions

Is the FinancialAha Essentials Profit & Loss Projection Spreadsheet Template a Google Sheets template?

Yes. Upload the file to Drive and choose "Open with Google Sheets". The Essentials P&L Projection Google Sheets template needs no conversion step and both charts come across intact.

Is the FinancialAha Essentials Profit & Loss Projection Spreadsheet Template an Excel template?

Yes. The download is a plain .xlsx, so the Essentials Profit & Loss Projection Excel template opens directly in Excel with no import step, and both charts are native Excel charts.

Will the FinancialAha Essentials Profit & Loss Projection spreadsheet Excel file open in older versions of Excel?

Yes. The Essentials P&L Projection spreadsheet Excel workbook ships as a plain .xlsx, so it opens identically in current Excel and in builds that predate dynamic arrays.

Why do revenue and cost of goods sold have separate growth rates in the Essentials Profit & Loss Projection spreadsheet?

Because a business whose costs grow at exactly the rate of its sales has a fixed margin and nothing to model. Two rates are what let the projection show a margin widening or thinning over three years.

Can I type over year two or year three in the Essentials Profit & Loss Projection spreadsheet?

Those columns are worked out from year one and the growth rates, so typing into them replaces a formula. Changing an assumption is how the later years are meant to move.

What happens in a year that makes a loss in the Essentials Profit & Loss Projection spreadsheet?

The tax line is guarded, so a negative income before tax produces no tax provision rather than a negative one.

What does the common-size column divide by in the Essentials Profit & Loss Projection spreadsheet?

Year one revenue, whichever year you are reading across. It is there to make a cost line comparable between businesses of different sizes, and the header says so.

What is the difference between EBITDA and operating income in the Essentials Profit & Loss Projection spreadsheet?

Depreciation. Operating income is gross profit less all operating expenses including depreciation; EBITDA adds that depreciation line back.

Does the FinancialAha Essentials Profit & Loss Projection spreadsheet model months?

No. This build is three years at annual grain. Monthly columns, separate sheets for revenue, COGS and operating expenses, and a scenario comparison are on the Ultimate build.

How do I open the Essentials Profit & Loss Projection spreadsheet template in Google Sheets?

Upload the .xlsx file to Google Drive, then open it with Google Sheets. All formulas and formatting will be preserved.

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Essentials
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Highlights:

Dashboard with charts and KPIs
Pre-filled categories and sample data
No sign-up, no subscription
Lifetime free updates
Works in
Excel Google Sheets

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