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Expense Tracker & P&L Calculator
Free profit and loss calculator for freelancers and small businesses. Add your revenue streams and expense categories, set a tax rate, and instantly see gross profit, net profit, profit margin, and a visual breakdown. No account required.
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Frequently Asked Questions
What is the difference between gross profit and net profit?
Gross profit is revenue minus direct costs and expenses, before tax. Net profit (also called bottom line) is what remains after deducting taxes from gross profit. Profit margin expresses either as a percentage of revenue.
What expenses can freelancers deduct?
Deductible business expenses typically include: home office costs, software subscriptions, professional development, travel for business, marketing spend, professional fees (accountant, lawyer), and equipment. Always check with a local tax professional as rules vary by country.
What is a good profit margin for a small business?
It varies by industry. Service businesses (consulting, freelancing) often achieve 30–60% gross margins. Retail is typically 20–35%. SaaS can be 70–80%. A net margin above 10% is generally considered healthy across most sectors.
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