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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 $__________ |
FAQs
- I think an investor may be interested. What do I need to consider?
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- I've heard that my state offers special loan programs. What are they, and how can I find out more about them?
- What do I need to consider if I want to get a loan from family and friends?
- How do I go about financing my business?
Incorporation and Legal Structures Resources
Cost-effective forms to incorporate your business.| Featured Attorneys | |
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