1. GROSS SALES (Total Revenue) List Total estimated sale for each month
2. Less: Returns & Allowances Goods returned or credit given to customers
3. Net Sales (1-2) Self-explanatory
COST OF GOODS SOLD
4. Beginning Inventory Inventory on hand as beginning of month
5. Plus: Purchases Merchandise for resale or for use in product
6. Total Goods Available (4+5) Self-explanatory
7. Less: Ending Inventory Actual inventory on hand at end of month
8. Total Cost of Goods Sold (6-7) Self-explanatory
9. Gross Profit (3-8) Self-explanatory
OPERATING EXPENSES
10. Advertising This ammount should be adequate to maintain sales volume-include telephone book yellow page cost
11. Automobile If personal car is used, charge in this column-include parking
12. Depreciation Allowable by IRS. See Your Accountant
13. Dues/Subscriptions/Licenses Self-explanatory
14. Insurance Coverages on business property and products e.g. fire, liability; also workman's compensation, fidelity, etc.
15. Interest Remember to add interest on loan as it is injected
16. Legal and Professional Outside services, including, for example, bookkeeping, accounting
17. Office Supplies Items purchased for use in the business (not for resale)
18. Payroll Expenses (include taxes & benefits) Include paid vactions, paid sick leave, health insurance, unemployment insurance, etc.
19. Rent Real estate only
20. Salaries Pay to Management and executives
21. Taxes-Sales, etc. Inventory tax-sales, tax-excise tax, if applicable
22. Telephone Self-explanatory
23. Travel & Entertainment Self-explanatory
24. Utilities Water, heat, light, and/or power
25. Wages - Employees Base pay plus overtime (if any)
26. Other Expenses:____________________________ Unexpected expenditures may be included hearas a safety factor
27. ___________________________________________ Equipment expenses during the month should be included her (Non-capital equipment)
28. ___________________________________________ When equipment is rented or leased, record payments here or small expenditures for which separate accounts would
not be practical
30. TOTAL OPERATING EXPENSES (10+29) Total of all expenses
First Year
PROFIT AND LOSS
COMPANY NAME __________________________(PROJECT INCOME) STATEMENT FOR PERIOD ENDED________
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MO1 MO2 MO3 MO4 MO5 MO6 MO7 MO8 MO9 M10 MO11 MO12 TOTAL RATIO
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1. GROSS SALES (Total Revenue) ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
2. Less: Returns & Allowances ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
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3. Net Sales (1-2) ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
COST OF GOODS SOLD
4. Beginning Inventory ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
5. Plus: Purchases ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
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6. Total Goods Available ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
7. Less: Ending Inventory ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
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8. Total Cost of Goods Sold (6-7) ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
9. Gross Profit (3-8) ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
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OPERATING EXPENSES
10. Advertising ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
11. Automobile ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
12. Depreciation ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
13. Dues/Subscriptions/Licenses ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
14. Insurance ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
15. Interest ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
16. Legal and Professional ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
17. Office Supplies ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
18. Payroll Expenses (include taxes & benefits) ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
19. Rent ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
20. Salaries ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
21. Taxes-Sales, etc. ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
22. Telephone ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
23. Travel & Entertainment ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
24. Utilities ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
25. Wages - Employees ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
26. Other Expenses:_____________________________ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
27. ___________________________________________ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
28. ___________________________________________ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
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30. TOTAL OPERATING EXPENSES (10+29) ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
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PROFIT BEFORE TAXES (9-30) ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
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