Example of step-by-step preparation of a PnL report

[hrsibar4405]

The total revenue of the trading enterprise for the month was 1.5 million rubles, including VAT at the general rate of 20%. Accordingly, we must isolate the share of funds attributable to VAT, for which we divide the revenue by a coefficient of 1.2 (this is 120% together with a 20% tax). It turns out that the PnL report should indicate 1.25 million rubles (1,500,000 / 1.2).
The company's expenses such as purchasing raw materials, materials, etc. are also entered without VAT. So, if the amount with VAT was 600 thousand rubles, then 500 thousand rubles remain in the PnL report (600,000/1.2).
VAT paid by a company can be reimbursed by the state, so it is shown separately in the balance sheet without affecting the amount of profit.
The difference between VAT on sales and on guatemala telegram number database purchases is the amount that the organization must pay in tax. This indicator is also not included in the profit report.
The final calculation is made after deducting VAT values. This means that if revenue was 1.25 million rubles, and expenses were 500 thousand rubles, then operating profit is 750 thousand rubles.


The PnL report is usually compiled in the form of a standard table, where all financial flows in the form of income and expenses are recorded. If the company is small, then you can make PnL calculations manually, but in large organizations special programs are used.

Let's assume that we are talking about a small gadget repair shop, where only the business owner works. Monthly revenue is 200 thousand rubles. Operating expenses include: purchase of spare parts and consumables - 40 thousand rubles, rent - 20 thousand rubles, taxation - 8 thousand rubles, marketing campaigns - 2 thousand rubles per month.