You’ll often see the advice that you should make a profit and loss forecast for your business, so you can set appropriate prices for your products and services, and accurately predict your expenses. But what does such a forecast look like for an independent professional?

Here’s a sample P & L forecast for a professional services business that includes projected sales revenue, direct cost of sales, and typical overhead expenses, entered in an Excel spreadsheet that you can modify for your own use.

Profit and Loss Forecast (Excel)

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