Build a simple P&L statement online, see gross and net profit instantly, and download a spreadsheet-ready CSV. No signup required.
A contractor with $10,000 revenue, $2,500 direct costs and $3,200 operating expenses has $7,500 gross profit and $4,300 net profit, a 43% net margin.
The free interactive tool is available above when JavaScript loads. No signup is required.
A profit and loss statement covers a defined period. Start with revenue, subtract direct costs to find gross profit, then subtract operating expenses to find net profit.
Gross profit = revenue − cost of goods sold. Net profit = gross profit − operating expenses. Contractors can put direct project costs under cost of goods sold and software, insurance, advertising and professional fees under operating expenses.
If you need a more detailed spreadsheet workflow, HISAB 360 publishes free Excel templates for accountants, including profit and loss, balance sheet, bank reconciliation, and month-end close workbooks. The files are free to download and do not require an add-in or signup.
For tradies keeping their own books, Construction Diary has a practical guide to bookkeeping tips for tradie businesses in Australia. It covers separating business and personal money, keeping accurate records, tracking invoices and expenses, and planning for seasonal ups and downs, which makes it a useful checklist to work through alongside this P&L template.
A profit and loss statement summarizes revenue, direct costs, operating expenses and net profit over a defined period. It is also called an income statement.
Gross profit equals revenue minus cost of goods sold. Net profit equals gross profit minus operating expenses.
Yes. Enter client income as revenue, direct project costs as cost of goods sold, and ordinary business overhead as operating expenses.
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General information only; reviewed August 2026.