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Free Profit and Loss Template (Excel, Sheets) | HelloBooks Free profit and loss statement template for Excel and Google Sheets, with formulas for gross and net profit. Or let HelloBooks Free build your P&L for you.

Free template · P&L

Free profit and loss template

Download a simple P&L template with income, cost of goods sold and operating expense rows already summed. It opens in Excel and imports into Google Sheets. Or skip the spreadsheet: HelloBooks Free builds the P&L from your bank feed.

Free Plan with unlimited invoices, bills & quotes — no credit card.

How to use the template

Enter income, cost of goods sold and each expense for the period. The totals, gross profit and net profit are formulas, so they update as you type.

In Excel, open the downloaded file directly. In Google Sheets, choose File, then Import, then Upload, and select the file.

Automated P&L on HelloBooks Free

A spreadsheet is only as current as the last time you typed into it. On HelloBooks Free, transactions arrive through a live bank feed, get categorized, and the P&L is ready to run at any time, along with the balance sheet and cash flow. Reports are unlimited. $0, no credit card.

How teams use HelloBooks

What HelloBooks does for businesses like yours

“AI categorizes every transaction automatically and learns from your corrections, so a small team keeps clean books without spending evenings on manual data entry.”
Small business · US
“For a practice managing dozens of client books, automated reconciliation turns a full day of matching into a background task — review the AI matches, approve, and move on.”
Accounting practice · US
“Snap a receipt on your phone and the AI reads, categorizes, and files it — bookkeeping stays current even for people who would rather not think about numbers.”
Freelancer · mobile-first

Illustrative scenarios describing what the product does for each business type — not attributed customer reviews.

FAQ

Frequently asked questions

Is the P&L template free?
Yes. Download it with no signup.
Does it work in Google Sheets?
Yes. Import the CSV with File, Import, Upload; the formulas carry over.
Can HelloBooks make my P&L automatically?
Yes. The Free Plan includes P&L, balance sheet and cash flow reports built from your books.

Start automating your books today

Free Plan with full access to the AI accountant — no credit card, no time limit.

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    Free Profit and Loss Template (Excel, Sheets) | HelloBooks