Income Statement Worksheet

Income Statement Worksheet

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Income Statement Worksheet

Income Statement Worksheet

Revenue Projection
	Total net sales (TNS)	$ ____________________
	Costs of sales (COS)	$ ____________________
	Gross profit (TNS-COS=GP)		$ ____________________
	Gross Profit margin (GP/TNS)	__________________ %

Controllable expenses
	Salaries/wages	$ ____________________
	Payroll expenses	$ ____________________
	Legal/accounting	$ ____________________
	Advertising	$ ____________________
	Automobile	$ ____________________
	Office supplies	$ ____________________
	Dues/Subscriptions	$ ____________________
	Utilities	$ ____________________
	Other	$ ____________________

Fixed Expenses
	Rent	$ ____________________
	Insurance	$ ____________________
	License/permits	$ ____________________
	Loan payments	$ ____________________
	Depreciation	$ ____________________
	Miscellaneous	$ ____________________

	Total expenses		$ ____________________

	Other Income or Expense		$ ____________________

	Net profit (loss) before taxes (GP-Expenses		$ ____________________

	Taxes		$ ____________________

	Net profit (loss) after taxes		$ ____________________

This form should be used to project month to month income and expenses for year one, quarterly for the next two years, and annually for the last two years.

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