One of the aspects of maintaining and growing a business has to do with profit and loss issues. A small business needs to keep track of this for many reasons. The biggest reason is to keep track of where the business is headed. Another reason this is an important factor for a small business is future financing. For these two reasons alone, a savvy small business owner should use a free profit loss projection Excel template. The template can help a small business owner get a better understanding about the health of the business, and be prepared for many problems.