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Excel Trap

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MS templates are pre-designed documents that you or someone else (such as Microsoft) creates to use as a pattern for a project. The template could be for a business card, brochure, resume, presentation...the list goes on. Regardless of the purpose, templates provide the design consistency that any organization (or individual) needs to look professional. 

The template contains a specific layout, style, design and, sometimes, fields and text that are common to every use of that template. Some templates are so complete (such as business cards), you only have to change the individual’s name, phone number, and email address. Others, such as business reports or brochures, could require that everything is changed except the layout and design.

Once you create a template, you can use it over and over. Remember that while you open a template to start a project, you save the project as another file type, such as the basic .docx Word format, for editing, sharing, printing, and more. The template file stays the same, unless or until you want to change it (more on that later)

A Profit and Loss Statement is another name for the Income Statement. A profit and loss statement is an important way of working out not only how your business has been performing in the past, but for predicting how it will perform in the future. It can be valuable in helping you create an annual income projection, and can be used to help show investors and creditors why they should get on board with your business.

A Income Statement is one of the major financial documents t hat is prepared by business owners or their accountants. Business owners and accountants use it alike. This is important because it can very clearly show the financial success of your business over a period of time – and it can also show where you’re coming up short.  For example, many online retailers consider the Xmas season to be the most important time of year for their trade, and keeping an income statement for this time period can help them check their own profits against the current trends in their industry. However, for much of the rest of the year, retailers tend to do much less business overall. Some months, a retailer will find that they are barely breaking even. However, if you include an entire quarter’s worth of sales, expenses, and profits, you may find that overall, your business is excelling.

You need to download the templates and edit in MS Office

Income Statement Templates

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