Cash Flow Issues and Record-Keeping
- Understanding Your Cash Flow
- Determining Your Family's Income Needs
- Emergency Funds
- Business Cash Flow
- Record-Keeping
- Common Expenses to Keep Track Of
- Prepare Daily, Monthly, and Annual Records
- Profit and Loss Statement
- How Long to Keep Business Records
- Finding Someone to Do Your Paperwork
- Budgeting for Your First-Year Costs
Profit and Loss Statement
As stated in the previous section, the Profit and Loss Statement below can be printed and used as a guide to preparing your own profitability analysis.
Revenue (Income)
|
Sales/Service Income |
|
|
Other Income |
|
|
Total revenue |
Operating Expenses
|
Depreciation Expense |
|
|
Interest expense |
|
|
Payroll |
|
|
Rent/Mortgage |
|
|
Utilities |
|
|
Telephone and Internet |
|
|
Maintenance & repairs |
|
|
Insurance |
|
|
Supplies |
|
|
Advertising |
|
|
Taxes |
|
|
Other expenses
|
|
|
Total |
|
|
Net Profit (or Loss) |
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