What is P&L Template ?

A P&L template, also known as a profit and loss statement or income statement, is a financial document that summarizes a company's revenues, costs, and expenses during a specific period of time. This template is commonly used by restaurant owners to track their financial performance and profitability. The P&L template calculates the net profit or loss of a business by subtracting expenses from revenue. It is a valuable tool for analyzing financial performance, identifying areas for improvement, and making informed business decisions.