Professional Documents
Culture Documents
Financial Statements Template
Financial Statements Template
Hint: Only those businesses that have goods (products) to sell will use the calculation of cost of
goods sold
Joe’s Motorbike Tyres
Profit and Loss Statement
For the Period ended Year One
Income
Sales 52000
Total Sales 52000
Cost of Goods Sold
Opening Stock $ -
Stock Purchases 34320
Less Closing Stock 3120
Total Cost of Goods Sold(COGS) 31200
Gross Profit 20800
Expenses
Advertising 500
Bank Service Charges 120
Insurance 500
Payroll 13000
Professional Fees (Legal, Accounti 200
Utilities & Telephone 800
Other: Computer Software 480
Expenses total 15600
Net Profit before Tax 5200
Towards the end of the year, Joe manages to purchase 100 more tyres on credit from his sup
order in the new year. This leaves him with $3,120 of stock on hand at the end of the year.
Joe’s Cost of Goods Calculation
Opening Stock Nil
Gross Profit $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Expenses
General & Administrative
Bank charges $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Credit card commission $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Consultant fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Office Supplies $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
License fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Business insurance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Etc. $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total General & Administrative $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Marketing & Promotional
Advertising $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Promotion - General $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Promotion - Other $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Etc. $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Marketing & Promotional $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Operating Expenses
Newspapers & magazines $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Parking/Taxis/Tolls $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Entertainment/Meals $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Travel/Accomodation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Laundry/dry cleaning $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Cleaning & cleaning products $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Sundry supplies $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Equipment hire $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Etc. $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Operating Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Motor Vehicle Expenses
Fuel $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Vehicle service costs $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Tyres & other replacement costs $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Insurance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Registrations $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Motor Vehicle Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Website Expenses
Domain name registration $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Hosting expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
etc $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Website Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Employment Expenses
Permanent $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Salaries/Wages $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
PAYE $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Superannuation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Other - Employee Benefits $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Recruitment costs $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Perm. Employment Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Casual
Salaries/Wages $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
PAYE $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Superannuation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Other - Employee Benefits $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Recruitment costs $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Casual Employment Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Workcover Insurance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Employment Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Occupancy Costs
Electricity/Gas $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Telephones $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Property Insurance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Rates $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Rent $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Repair & maintenance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Waste removal $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Water $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Etc. $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Occupancy Costs $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Other Expenses
Add an expense description here $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Add an expense description here $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Add an expense description here $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Add an expense description here $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Add an expense description here $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Add an expense description here $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Add an expense description here $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Other Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Total Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Month Net Profit / (Loss) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Gross Margin
(Gross Profit / Net Income) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Net Margin
(Net Profit / Net Income) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Mark Up
((Net Income Less Cost of Goods Sold) /
(Cost of Goods Sold)) x 100 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Break Even
( Expenses/((1-(Cost of Goods Sold/ Net
Income)) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Example Balance Sheet
Joe’s Motorbike Tyres
Balance Sheet
As at end of Year One
Current Assets
Cash $5,100
Debtors $18,000
Stock $3,120
Total Current Assets $ 26,220.00
Non-current Assets
Computer $5,500
Store Fit Out $8,100
Office Equipment $15,000
Total Assets $ - $ -
Liabilities
Current Liabilities
Bank Overdraft $ - $ -
Credit Card Debt $ - $ -
Creditors $ - $ -
GST collected $ - $ -
Superannuation $ - $ -
PAYG Witholding Payable $ - $ -
Workcover Insurance Payable $ - $ -
Current portion of long term debt $ - $ -
Etc. $ - $ -
Total Current Liabilities $ - $ -
Long Term Liabilities
Motor Vehicle Loan $ - $ -
Equipment Finance $ - $ -
Long term Loans $ - $ -
Total Long Term Liabilities $ - $ -
Total Liabilities $ - $ -
Net Assets $ - $ -
Shareholders Funds ( Equity)
Owners Funds $ - $ -
Retained Earnings $ - $ -
Current Year Profit $ - $ -
Quick Ratio ( Current Assets less inventory) / (Current Liabilities less bank overdraft) #DIV/0! #DIV/0!
Working Capital Funds
(Current Assets Less Current Liabilities) 0 0
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$ -
$0.00
$0.00
$0.00
$ -
$ -
$ -
$ -
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
Example cashflow statement
Cash Flow Statement
Cashflows from Operations
Cash receipts from customers
(enter positive amounts) Cash Sales $ -
Cash collected from customers (debtors) $ -
Funding from Creditors
Stock purchased, not yet paid $ -
Cash paid for
(enter negative amounts)Total Expenses $ -
Inventory (stock)purchases $ -
Funding to Debtors
Sales made not yet collected $ -
Net Cash Flow from Operations $ -
Investing Activities
Cash receipts from
(enter positive amounts) Sale of property and equipment $ -
Matured Investments $ -
Cash paid for
(enter negative amounts)Purchase of property and equipment $ -
Purchase of investments $ -
Net Cash Flow from Investing Activities $ -
Financing Activities
Cash receipts from
(enter positive amounts) Increase in short term debt $ -
Increase in long term debt $ -
Increase in equity (proceeds from owners) $ -
Cash paid for
(enter negative amounts)Repayment of loans $ -
Dividends $ -
Net Cash Flow from Financing Activities $ -
Net Increase in Cash $ -
Cash at End of Year $ -
Date and starting cash
For the Year Ending
Cash at Beginning of Year