How to Calculate Projected Profit and Loss for Business, Can Use Applications!

Projection profit and loss is the key to smooth business for business people. In running a business, business actors do not only focus on the quantity of goods or services sold, but also on the quality of the overall performance of the business being undertaken.

Therefore, business actors need to understand how to make financial statements company, one of which is the profit and loss projection. Moreover, currently, there are many accounting applications that can help business actors in this regard.

The following is an explanation regarding how to calculate profit and loss projections, either manually or using an application. Read more.

Steps to Calculating Business Profit and Loss

The income statement is one type of business financial report that is commonly made by businesses in a certain period, which contains the income and expenses of the business that result in a loss or loss. net profit.

In calculating profit and loss using manual calculation formulas, business actors need to be diligent and thorough. The formula for calculating profit and loss projections is as follows:

• Cost of Goods Sold (HPP) = Initial Stock - Net Purchases - Ending Stock
• Net Sales = Sales – Sales Discounts – Sales Return
• Gross Profit = Net Sales – COGS
• Net Profit = Gross Profit – Operating Expenses (Operating Expenses + Non-Operating Expenses)

After knowing the calculation formula, there are several ways along with examples of cases in calculating business profit and loss projections, including the following:

• Calculate Profit and Loss for One Product

If the business you run only sells one type of product, then the projected profit and loss calculation can be done in the following way and case examples.

For example, store A sells water bottles for Rp. 20.000 per fruit. Meanwhile, the capital spent to produce the drinking bottle is Rp. 15.000. Thus, the calculation is as follows:

• Calculate Profit and Loss of More Than One Product

Meanwhile, if the business being carried out only sells more than one type of product, then the projected profit and loss calculation can be done using the following case examples.

For example, store B sells two different types of water bottles. The first type is a children's bottle which is sold for Rp. 50.000 with a production capital of Rp. 40.000. The second type is adult drinking bottles which are sold for Rp. 100.000 with a production capital of Rp. 80.000.

Thus, the calculation is as follows:

How to Calculate Profit and Loss with Software and Apps

In making financial reports, especially related to profit and loss projections, besides being able to do it manually using a ledger, business actors can also use tools such as and business financial recording applications. Some of them are as follows:

• ID Journal

Jurnal.id or Jurnal by Mekari is an online accounting software that is used to record, process, and display accounting transaction data, including business profit and loss projections for business actors.

By downloading the Jurnal.id application, business actors do not need to bother doing the calculation of profit and loss projections manually. The following is an example of an income statement that can be generated automatically in this application.

• Jubelio

Junelio is an omnichannel platform that has many services related to business continuity for business actors, such as marketplace services, webstores, warehouse systems, accounting systems, POS and others.

Business actors can use Jubelio as a tool in carrying out financial calculations such as profit and loss projections. The following is an example of an income statement that can be generated automatically in this application.

• Cledo

Cledo is corporate finance manager with various features that help small business actors tidy up their business finances. Some of the features it has include invoices, purchasing, costs, reports, fixed assets and inventory.

This software can make it easier for business actors to calculate profit and loss. The following is an example of an income statement that can be generated automatically in this application.

This is an explanation regarding how to calculate the projected profit and loss.