5.1 Profit & Loss Accounting
5.1.3 Profit & Loss Account
Plan profit and loss account (P&L) in Euro
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A. Income - Revenue |
Month Jan. 1 |
Month Feb. 2 |
Month X 3… |
Sum 1st year |
Sum 2nd year |
Sum 3rd year |
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Revenues |
€ |
€ |
€ |
€ |
€ |
€ |
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+ Revenues product group I |
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Product A, B... |
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+ Revenues product group II |
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Service A, B... |
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+ Revenues merchandise |
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+ other revenues |
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- Discounts/bonuses granted |
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+ Changes in inventories |
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+ other operating income |
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+ Income from reversals of Provisions |
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+ other income
ordinary |
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+ Write-ups
from |
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= Total sales revenue |
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Expenses - Expenditure |
Month Jan. 1 |
Month Feb. 2 |
Month X 3… |
Sum 1st year |
Sum 2nd year |
Sum 3rd year |
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- Material costs |
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- Raw materials and supplies |
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- Goods |
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- External services |
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+ discounts/bonuses received |
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- Personnel costs, wages, |
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- Social security contributions |
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- Employer's Liability Insurance Association |
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- Voluntary social Expenses |
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- Depreciation |
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- other operating expenses |
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- Rent, room costs |
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- Cleaning of operational rooms |
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- Maintenance of operational premises |
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- Disposal |
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- Insurances |
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- Contributions, fees |
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- Maintenance machines |
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- Maintenance of operating equipment |
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- Motor vehicle insurance, repairs, operating costs |
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- Advertising costs |
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- Travel expenses |
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- Entertainment costs |
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- Postage/telephone/fax/I-net |
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- Legal advice, tax advice |
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- Ancillary costs of monetary transactions |
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- Commissions |
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- Technical literature |
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- Leasing costs |
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- Office supplies |
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- Warranties |
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Losses from the disposal of |
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- Other costs |
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+ Interest income |
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- Interest expenses |
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= Sum of the costs |
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Result from ordinary |
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+ extraordinary income |
Month Jan. 1 |
Month Feb. 2 |
Month X 3… |
Sum 1st year |
Sum 2nd year |
Sum 3rd year |
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- extraordinary expenses |
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- Taxes |
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Total Plan income - Plan expenditure |
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= Monthly surplus / -loss Net profit for the year / -loss |
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The income statement and the profit and loss account can be summarised in the business plan to the main types of costs.
The profit and loss account is derived from the current "Betriebswirtschaftliche Abrechnung" (BWA). It is derived by determining the current income and current expenses. A monthly update is a basic requirement in order to be able to control the profit and loss.