Free Restaurant Profit and Loss (P&L) Statement Template
Get insights into your restaurant’s financial health with a free P&L statement template
- See how your sales compare to your expenses
- Identify areas to lower expenses and increase revenue
- Completely customizable to your restaurant
Profit & Loss Statement Template.xlsx
How to use your restaurant profit and loss template
1. Add in your sales numbers.
2. Add in all your costs: CoGS, labor and operating expenses.
3. Calculate your total profits and losses.
4. Make adjustments accordingly to improve your restaurant’s financial health.
What is a profit and loss statement?
Also known as an income statement, the profit and loss statement (or P&L for short) measures a company’s total revenues, costs (expenses), and net profit over a period of time.
How often should you update your restaurant’s P&L statement?
We recommend that you update this template every week. This will let you catch anything abnormal before it has a negative impact on your business. We also recommend a monthly and yearly view to track all trend
That is just one piece of the puzzle
How does this free template stack up to 7shifts?
Compare how functionality of this Excel sheet against a robust team management platform like 7shifts.
 | Food Cost Template | |
| Easy schedule builder |  |  |
| Customizable to your restaurant | | |
| Free | | |
| Free mobile apps | |  |
| Communication tools (chat, announcement) | | |
| Automatic sales and labor reporting | | |
| Robust labor, sales, and compliance reports | | |
| Online manager log book | | |
| Labor budgeting tool | | |
| Labor compliance tools | | |
“It is SO easy to use. It is intimidating at first familiarizing yourself with the platform but after a few minutes it feels so natural using it. I used to do all of my scheduling on an excel spreadsheet. It would take two or three times as long as it takes me now on 7shifts.”
Eddie Cuellar
Restaurant owner, Tower Burger
“I was originally drawn to 7shifts because of their simple and easy interface for scheduling, but when I found out they also did payroll, it was a no-brainer. My employees onboarded via the 7shifts mobile app in 10 minutes and I'm already saving hours of time when it comes to processing payroll. Total game changer.”
Fahad Hanif
Owner/Operator, Halal Guys
“If you're a restaurant professional, this is a mandate. If this is a hobby for you, by all means, use something else. Use Excel, use post-it notes if you write it down. But if you're a professional and this is your career and your actual goal is to earn profit for your business, then there's no viable solution or anything that would make sense other than this. There just isn't.”
Mike Bausch
Owner, Andolini's
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