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Hello there welcome to another video this is the book you can master on YouTube this is another video that impart of the business planning series in this video IN×39’m going to show you how to create a template like this one here for a projected profit and loss statement the projected profit and loss statement gives an annual summary of projected profit or loss going to be made in that year in that 12 months, so it's likable×39’ll make three of these if you'redoing a three-year business plan you would create a projected profit loss statement for each year and then perhaps final one that summarizes all threaders now a lot of people will get confused to why you do a projected profit and loss statement once you'redone a cash flow statement the reason being is the projected profit and loss statement focuses on the profit or loss that is going to be made annually whereas a cash flow statement focuses on cash, and it takes into consideration assets liabilities such as loans going into the business loans being paid back projected profit loss statementdoesn'’t take into consideration assets ts or liabilities it×39’s purely just sales and expenses which equals your profit another difference is a cashflow stemming can be month to month or even week to week whereas a profit loss statement and generally especially a projected profit and loss statement generally is a year is twelve months sole×39’s creation this statement, and I'll show you how to do ITAs create a new tab first I'going to click print preview okays I just get these lines up on the spreadsheet, so I know where it's going to print this top row and second row downs merge and center them and let's put in projected profit and loss statement, and then we can put the business name so BPS that×39’s my business'm going to make that bold and underline I'll do the same underneath merge and sent to them not put the Herein here so 2015 to 2016 the first line of information we need to put on to this projected profit loss statement is sales information so let×39’s creation a heading sales bold and underline and say we×39;reselling products I'm actually going to list cells or projected sales reach products or product a product B and product C now as mentioned in previous videos when you project sales you just have to use a well-educated guess andthat'’s all it is done your researcher make a well-educated guess taught sales figures are going to be up here on column H must put a pound signal in Ora dollar signal some sort of currency signal center that we highlight the whole column was Center at Center allied×39’s make that bold and underline anklets×39’s put some information here Seymour projected sales for product an arguing to be five thousand three thousand three thousand two hundred if we highlight the column again column Right click format sales go down tocurrencyselect your symbol IN×39’m using pound sterling two decimal places okay well then have the monetary of value showing we×39’ll put another...
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