Profit Loss Calculator
Calculation Results
P&L Summary Statement
| Item | Amount () |
|---|
About our Profit Loss Calculator
Made a Profit Loss Calculator: An Easy Web App for Small Businesses
Whether you’re running a business or freelancing, keeping track of money is very important. But expensive accounting software is not everyone’s cup of tea. That’s why I made a Profit Loss Calculator, a lightweight and user-friendly web app that will help small business owners and freelancers track income, expenses, and profitability.
What are the benefits of a Profit Loss Calculator?
A Profit & Loss statement (or Income Statement) summarizes a business’s revenues, costs, and expenses over a time period. It is useful for:
. understanding profitability
. taking financial decisions
. Preparing for tax filing
. Getting a loan or investment
There are tools like QuickBooks, but these can be complicated for freelancers or small businesses. My goal was to create a simple, easy-to-use calculator that gets the job done without any hassle.
Special points of Profit Loss Calculator
Revenue Tracking
The app breaks down revenue into three categories:
. Sales Revenue (from product sales)
. Services Revenue (from consulting fees)
. Subscriptions Revenue (from recurring income)
This will let users know from which source their income is coming.
Direct Costs (COGS)
Cost of Goods Sold (COGS) includes expenses that are directly related to production, such as:
. Raw materials
. Direct labor
. Manufacturing overhead
Separating these from operating expenses helps calculate gross profit correctly.
Operating Expenses (OpEx)
These are the costs of running a daily business, such as:
. Rent & electricity
. Salaries (indirect labor)
. Marketing & advertising
. R&D
Tracking OpEx helps us identify where expenses can be reduced.
Other Income & Expenses
This section includes non-operational financial activities, such as
. Interest expenses
. Depreciation & amortization
. Miscellaneous income (one-time gains)
Adjustments & Tax
Calculator allows.
. Discounts given
. Returns & allowances
. Bad debt expenses
. Customizable income tax rate to calculate net profit
User-Friendly Interface
Clean, form-like design
. Advanced options toggle (if detailed control is required)
. Share results on WhatsApp (to discuss with accountants)
How does it work?
Input Financial Data:
Fill in Revenue, costs, and expenses in their sections.
Automatic Calculations
It will calculate.
Gross Profit: (Revenue – COGS)
Operating Profit: (Gross Profit – OpEx)
Net Profit Before Tax: (Operating Profit + Other Income – Other Expenses)
Net Profit After Tax: (Net Profit Before Tax – Income Tax)
Export or Share:
Send results on WhatsApp or save them or create PDF or CSV.
Technical Details
App has been made.
Frontend: HTML, CSS, JavaScript (for dynamic calculations)
No backend: (does not store data, privacy secure)
Mobile-responsive design: Its design is mobile responsive.
Who is this for?
Freelancers: Those who want to see the profit of their projects
Small business owners: Those who want to manage cash flow
Startups: Those who want to see a quick P&L snapshot
Try it
This is a prototype right now, but I will soon launch it as a free web tool. Focus is on simplicity, no signup, no confusion, just clear financial insights.
Would you use a tool like this? And what features would you add? Let us know in the comments.
Final Thought: Financial tools don’t need to be complicated. Sometimes, a simple calculator is enough to track your business.