| PROFIT AND LOSS STATEMENT | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Monthly and year-to-date · management template | |||||||||||||
| Account | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
| REVENUE | |||||||||||||
| Product / service revenue | $9,375.00 | $10,000.00 | $10,625.00 | $11,250.00 | $11,875.00 | $12,500.00 | $13,125.00 | $9,375.00 | $10,000.00 | $10,625.00 | $11,250.00 | $11,875.00 | $131,875.00 |
| Other operating revenue | $375.00 | $400.00 | $425.00 | $450.00 | $475.00 | $500.00 | $525.00 | $375.00 | $400.00 | $425.00 | $450.00 | $475.00 | $5,275.00 |
| Total revenue | $9,750.00 | $10,400.00 | $11,050.00 | $11,700.00 | $12,350.00 | $13,000.00 | $13,650.00 | $9,750.00 | $10,400.00 | $11,050.00 | $11,700.00 | $12,350.00 | $137,150.00 |
| COST OF GOODS SOLD | |||||||||||||
| Materials / inventory | $2,062.50 | $2,200.00 | $2,337.50 | $2,475.00 | $2,612.50 | $2,750.00 | $2,887.50 | $2,062.50 | $2,200.00 | $2,337.50 | $2,475.00 | $2,612.50 | $29,012.50 |
| Direct labor / fulfillment | $1,218.75 | $1,300.00 | $1,381.25 | $1,462.50 | $1,543.75 | $1,625.00 | $1,706.25 | $1,218.75 | $1,300.00 | $1,381.25 | $1,462.50 | $1,543.75 | $17,143.75 |
| Payment / marketplace fees | $281.25 | $300.00 | $318.75 | $337.50 | $356.25 | $375.00 | $393.75 | $281.25 | $300.00 | $318.75 | $337.50 | $356.25 | $3,956.25 |
| Total COGS | $3,562.50 | $3,800.00 | $4,037.50 | $4,275.00 | $4,512.50 | $4,750.00 | $4,987.50 | $3,562.50 | $3,800.00 | $4,037.50 | $4,275.00 | $4,512.50 | $50,112.50 |
| Gross profit | $6,187.50 | $6,600.00 | $7,012.50 | $7,425.00 | $7,837.50 | $8,250.00 | $8,662.50 | $6,187.50 | $6,600.00 | $7,012.50 | $7,425.00 | $7,837.50 | $87,037.50 |
| Gross margin | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% | 63.5% |
| OPERATING EXPENSES | |||||||||||||
| Payroll and contractors | $1,687.50 | $1,800.00 | $1,912.50 | $2,025.00 | $2,137.50 | $2,250.00 | $2,362.50 | $1,687.50 | $1,800.00 | $1,912.50 | $2,025.00 | $2,137.50 | $23,737.50 |
| Rent / occupancy | $562.50 | $600.00 | $637.50 | $675.00 | $712.50 | $750.00 | $787.50 | $562.50 | $600.00 | $637.50 | $675.00 | $712.50 | $7,912.50 |
| Marketing | $468.75 | $500.00 | $531.25 | $562.50 | $593.75 | $625.00 | $656.25 | $468.75 | $500.00 | $531.25 | $562.50 | $593.75 | $6,593.75 |
| Software / communications | $234.38 | $250.00 | $265.62 | $281.25 | $296.88 | $312.50 | $328.12 | $234.38 | $250.00 | $265.62 | $281.25 | $296.88 | $3,296.88 |
| Insurance / professional fees | $187.50 | $200.00 | $212.50 | $225.00 | $237.50 | $250.00 | $262.50 | $187.50 | $200.00 | $212.50 | $225.00 | $237.50 | $2,637.50 |
| Travel / meals | $93.75 | $100.00 | $106.25 | $112.50 | $118.75 | $125.00 | $131.25 | $93.75 | $100.00 | $106.25 | $112.50 | $118.75 | $1,318.75 |
| Other operating expense | $140.62 | $150.00 | $159.38 | $168.75 | $178.12 | $187.50 | $196.88 | $140.62 | $150.00 | $159.38 | $168.75 | $178.12 | $1,978.12 |
| Total operating expenses | $3,375.00 | $3,600.00 | $3,825.00 | $4,050.00 | $4,275.00 | $4,500.00 | $4,725.00 | $3,375.00 | $3,600.00 | $3,825.00 | $4,050.00 | $4,275.00 | $47,475.00 |
| Operating profit | $2,812.50 | $3,000.00 | $3,187.50 | $3,375.00 | $3,562.50 | $3,750.00 | $3,937.50 | $2,812.50 | $3,000.00 | $3,187.50 | $3,375.00 | $3,562.50 | $39,562.50 |
| Interest / other non-operating | $46.88 | $50.00 | $53.12 | $56.25 | $59.38 | $62.50 | $65.62 | $46.88 | $50.00 | $53.12 | $56.25 | $59.38 | $659.38 |
| Income before tax | $2,765.62 | $2,950.00 | $3,134.38 | $3,318.75 | $3,503.12 | $3,687.50 | $3,871.88 | $2,765.62 | $2,950.00 | $3,134.38 | $3,318.75 | $3,503.12 | $38,903.12 |
| Estimated income tax | $281.25 | $300.00 | $318.75 | $337.50 | $356.25 | $375.00 | $393.75 | $281.25 | $300.00 | $318.75 | $337.50 | $356.25 | $3,956.25 |
| Net profit | $2,484.37 | $2,650.00 | $2,815.63 | $2,981.25 | $3,146.87 | $3,312.50 | $3,478.13 | $2,484.37 | $2,650.00 | $2,815.63 | $2,981.25 | $3,146.87 | $34,946.87 |
| Net margin | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% |
| P&L REVIEW | ||||
|---|---|---|---|---|
| Reconcile totals before sharing | ||||
| Check | Status | Evidence / account | Adjustment | Owner |
| Revenue agrees to sales records | Review | |||
| COGS agrees to inventory / fulfillment records | Review | |||
| Payroll agrees to payroll reports | Review | |||
| Bank and card fees included | Review | |||
| Accrual vs cash basis stated | Review | |||
| One-time items identified | Review | |||
| Owner draws excluded from expenses as applicable | Review | |||
| Tax estimate reviewed separately | Review | |||
| Management template only. It is not a tax return, audited statement, GAAP opinion, loan approval, or proof of financial condition. Choose and disclose cash or accrual basis; reconcile to source records and ask a qualified accountant when required. | ||||