Monday, November 9, 2009

Profit & Loss Statement

.$_____.___ Sales
-$_____.___ Cost of Goods
-$_____.___ Wages
-$_____.___ Accounting fees (wages paid to Accountant)
-$_____.___ rent on realty lot
-$_____.___ Rent on Ice Machine
-$_____.___ Lease (with option)
-$_____.___ Property Taxes
-$_____.___ Real Estate Taxes
-$_____.___ City Taxes
-$_____.___ State Taxes
-$_____.___ Insurance (including Interest)
-$_____.___ Utilities (Including Telephone)
-$_____.___ Licenses
-$_____.___ Entertainment
-$_____.___ Advertising
-$_____.___ Postage
-$_____.___ Janitor
-$_____.___ Trash
-$_____.___ Pest Control
-$_____.___ Miscellaneous
-$_____.___ Charity
_____________________________________________________
.$_____.___ Profit
+$_____.___ Other Income (Juke Box, Cigarette Machine, Telephone, Game Machine, etc.)
_____________________________________________________________________________________
$_____.___ NET PROFIT

You will need to be able to determine the 'Costs of Goods' percentage; divide your 'Costs of Goods' number by your 'Sales' number.

You can determine your percentages for all of the categories listed, if you wish. To find out what percentage your 'Wages' are of your total 'Sales', divide your 'Wages' number by your 'Sales' number.