Templates and analytical tools only - not personalized financial, tax, accounting, or legal advice. P&L line classification, revenue recognition (ASC 606 / IFRS 15), and basis-of-accounting choice materially affect the figures. Review with a CPA before sharing externally (lender, investor, tax preparer).

Finance - P&L Statement

Generate a Profit and Loss statement with period-over-period comparison and key margin metrics.

When to use

• Monthly or quarterly P&L review
• Comparing actuals to a prior period or budget
• Building a financial summary for a business partner, lender, or investor
• Checking gross margin, operating margin, and net margin trends

For advanced financial modeling (scenario analysis, DCF), load the financial-modeler skill via skill_view('financial-modeler').

Required first prompt - basis of accounting

Before generating the P&L, ask:

Basis of accounting: cash / accrual / modified cash - REQUIRED. This materially changes what counts as "revenue" and "expense" for the period and which schedule (cash vs accrual) ties to the cash-flow statement. Do not generate a P&L without this declaration.

The P&L header MUST display basis_of_accounting: <selected> so any downstream reader sees it.

ASC 606 / IFRS 15 deferred-revenue treatment (accrual filers)

For SaaS / subscription / annual-prepay / multi-element / progress-billed contracts, recognize revenue as performance obligations are satisfied, not when invoiced or cash is collected. Common SMB pitfalls: