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  • Projected Income Statement Easy

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    Ma. Jewon LAGGUI
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    This document contains a projected income statement and cash flow statement for a business's first year broken down by month. It lists projected income from sales and costs including cost of goods, operating expenses like wages, rent, supplies, taxes, and depreciation. It then calculates net profit before taxes and projected changes to cash each month accounting for things like taxes, loan payments, owner's draw, and depreciation.

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    This document contains a projected income statement and cash flow statement for a business's first year broken down by month. It lists projected income from sales and costs including cost of goods, operating expenses like wages, rent, supplies, taxes, and depreciation. It then calculates net profit before taxes and projected changes to cash each month accounting for things like taxes, loan payments, owner's draw, and depreciation.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    35 views1 page

    Projected Income Statement Easy

    Uploaded by

    Ma. Jewon LAGGUI
    This document contains a projected income statement and cash flow statement for a business's first year broken down by month. It lists projected income from sales and costs including cost of goods, operating expenses like wages, rent, supplies, taxes, and depreciation. It then calculates net profit before taxes and projected changes to cash each month accounting for things like taxes, loan payments, owner's draw, and depreciation.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Projected Income Statement: Year 1 (By Month) and Changes to Cash

    Yearly
    1 2 3 4 5 6 7 8 9 10 11 12 Total
    Income
    Sales
    <Less Cost of Goods>*
    Gross Profit
    Operating Expenses
    Salary/Wages
    Payroll Taxes
    Employee Benefits
    Rent
    Telephone
    Utilities
    Car/Delivery
    Supplies
    Marketing
    Legal/Accounting
    Insurance
    Property Tax
    Interest
    Other
    Depreciation*
    Total Operating Expenses
    Net Profit Before Income
    Tax

    Changes to Cash
    Less Soc Sec & Income Tax
    Less Principal on Loan
    Less Owner’s Draw (take
    home)
    Plus Depreciation
    Total Changes to Cash

    *Cost of Goods: Costs associated with the units sold such as cost of inventory, raw material, shipping, storage, packaging and production-related labor.
    *Depreciation: For tax purposes, an allowable deduction made for a loss in assets’ value (wear, age). M:/~/sbdc//forms/projected income statement easy (in Word)

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