How to Use the Profit & Loss Report in the Finance Planner for Creatives

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How to Use the Profit & Loss Report in the Finance Planner for Creatives

Your Profit & Loss Report (P&L) in the Finance Planner for Creatives is a ready-to-print, auto-generated snapshot of your business finances—perfect for tax time, quarterly reviews, or client records.

Profit Loss Report

 

🧾 What It Does

This report automatically pulls in all taxable income and business expenses you’ve entered throughout the year—no manual input needed.

 

🗓️ Date Range

The report is set to span January 1 to December 31, or adjusts based on your earliest taxable income entry. This ensures your totals reflect only the relevant tax year.

Note: The year shown on the sheet is autopopulated based on your income entries.

 

🧍 Add Your Info

Simply add your name or business name at the top of the sheet before printing or saving it as a PDF.

 

📊 Two Report Formats

The sheet provides two easy-to-read summaries:

1. Annual Totals

  • Condensed year-end summary of taxable income and business expenses

  • Organized by subcategory, with clear category breaks for easy scanning

2. Monthly Breakdown

  • A more detailed view showing totals per subcategory by month

  • Helps you track trends, identify high-cost periods, and compare monthly patterns

⚠️ Note: If you add or remove subcategories in your dropdowns, the category dividers may not align perfectly. The report will still function, but the visual grouping might need minor adjustments.

Learn about the taxes sheet here.

 

🖨️ Ready to Print

Whether you're prepping for taxes or sending records to an accountant, just review and print—no extra formatting needed. See here for more printing tips  →