Starting a Business: Sample Profit And Loss Statement
When you are seeking financing for your small business, it is a good idea to provide your potential lender with financial statements for your business, including a profit and loss statement. This information will help your lender evaluate your loan application. The following form contains information generally tracked in a profit and loss statement.
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Income Total net sales $__________ Costs of sales $__________ Gross profit $__________ Expenses Fixed Expenses Rent $__________ Utilities $__________ Equipment leases $__________ Depreciation $__________ Insurance $__________ License/permits $__________ Loan payments $__________ Miscellaneous $__________ Total Fixed Expenses $__________ Controllable Expenses Salaries/wages $__________ Payroll expenses $__________ Supplies $__________ Advertising $__________ Dues/subscriptions/fees $__________ Legal and accounting $__________ Repairs/maintenance $__________ Total Controllable Expenses $__________ Total Expenses $__________ Net profit (Loss) $__________ Before taxes $__________ Taxes $__________ Net Profit (Loss) After Taxes $__________ |
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