Steps to assess an interim profit and loss statement 043-03080040

Example

This example is of a profit and loss statement adjusted for non-allowable income and deductions. The example shows the original and the adjusted profit and loss statements. The adjustments have been made as if the profit and loss statement is from a sole trader or partnership business.

Note: this example is not to work out what adjustments are required for a business profit and loss statement. See Business deductions.

Example of profit and loss statement with notes

Forms - Services Australia website

Profit and Loss Statement (SU580)

Calculators

Interim profit and loss calculator for trusts and companies

Interim profit and loss calculator for sole traders and partnerships