Is there a way to produce something like a Profit and Loss (P&L) statement or report?
Yes, using Excel’s pivot table feature, you can generate a table that summarizes expenses and deposits by category. Also consider the small business edition of my checkbook template.
See this video or follow this basic summary:
- Go to the register worksheet that you want to summarize. Click on the Insert menu and choose PivotTable.
- The default settings for “New Worksheet” are best so just click OK.
- In the pivot table fields box, drag the Years (Date) field down into the Rows box. Drag the Sub-Category field into the Rows box but place it under the Years (Date) field.
- Drag the Withdrawal into the Values box. Do the same for the Deposit field.
You’ll now have a summary of expenses and deposits by year.