In this article, you can download the full functional Profit and loss account for a professional service company. This P&L is prepared based on the functions of the service company and contains few profit levels such as gross margin, commercial margin, EBITDA, and net profit.
This Income statement is prepared in excel and includes all formulas for the calculation of each indicator. In addition to the above-presented column, the file contains:
- Vertical analysis – additional columns for budgeted amounts and variance analysis between actual figures and budgeted figures and between actual figures and previous period figures.
- Horizontal KPI analysis: 35+ KPIs for service company
- Service line contribution to growth graph
P&L Development and KPIs improvement in a service company is much easier if you have a (billable) time tracking system implemented. In that case, you can know where your team’s time goes, and improve people’s productivity and profitability of projects.
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