The 12-Month Profit and Loss Projection Worksheet is used by companies to project profits and losses for up to 12 months in the future.

Let's prepare a profit and loss statement using the sales forecast developed earlier. The sales figures will give us our "top line", i.e. the total revenue (or "Gross Revenue") that we might be able ...

This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.