Sample Income Statement (P&L)

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Small Business Finances and other Small Businesses topics.

How can I manage my expenses?

Sample Income Statement (P&L)

Revenue:
Gross Sales
Less: Sales Returns and Allowances
Net Sales

Cost of Goods Sold:
Beginning Inventory
Add:
Purchases
Freight-in
Direct Labor
Indirect Expenses
Less:
Ending Inventory
Cost of Goods Sold

Gross Profit (Loss)

Expenses:
Advertising
Amortization
Bad Debts
Bank Charges
Charitable Contributions
Commissions
Contract Labor
Credit Card Fees
Delivery Expenses
Depreciation
Dues and Subscriptions
Insurance
Interest
Maintenance
Miscellaneous
Office Expenses
Operating Supplies
Payroll Taxes
Permits and Licenses
Postage
Professional Fees
Property Taxes
Rent
Repairs
Telephone
Travel
Utilities
Vehicle Expenses
Wages
Total Expenses

Net Operating Income

Other Income:
Gain (Loss) on Sale of Assets
Interest Income
Total Other Income

NET INCOME (LOSS)

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Small Businesses Tip Site? Request a Tip Now!


Guru Spotlight
Ray Lokar