Example Profit and Loss Statement


Total revenue $ 1,000,000 100%
Less Cost of Goods Sold $         426,200 42.6%
  Gross Profit $ 573,800 57.4%
         
Less Expenses    
  Accounting and legal fees $ 11,700  
  Advertising $ 15,000  
  Depreciaion $ 38,000  
  Electricity $ 2,700  
  Insurance $ 15,200  
  Interest and bank charges $ 27,300  
  Postage $ 1,500  
  Printing and stationary $ 8,700  
  Professional memberships $ 1,800  
  Rent for premises $ 74,300  
  Repairs and maintenance $ 21,100  
  Training $ 6,900  
  Vehicle operating costs $ 20,000  
  Wages and salaries $ 223,500  
  Workers compensation $ 6,500  
  All other expenses $          14,100
Less Total Expenses $        488,300 48.8%
Equals Net Profit (BOS) $ 85,500 8.6%
         
       

BOS = Before owners salary

 

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