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Income Statement with Guidelines

ABOUT THIS DOCUMENT

An income statement, also known as a profit and loss statement, is a financial statement that summarizes a company's revenues and expenses during a specified period of time. An income statement allows managers to see a company's net income (the bottom line) once costs, expenses, and taxes have been taken out of revenues (top line). This document includes guidelines instructing the user on what values should be used in this template spreadsheet.

Reads: 483 times
Used: 19 times
Pages: 3
Size: 40 kb
Format: Excel Spreadsheet

Text Version

GUIDELINES



Ordinary Income/Expense

Income

Book Sales Income (Income is the price of units or services multiplied

Educational Services Income volume projected to sell. Projections are often based

Events Income

on previous sales performance or benchmarks.)

Membership Income

Affiliate

Retail Partnership Income

General Sales

Total Income

Cost of Goods Sold

Cost of Goods Sold (Cost of Goods Sold are the costs associated with

Event Cost producing the product such as materials, supplies,

Merchant Account Fees

event locations, labor etc.)

Total COGS

Gross Profit

Expense

Advertising and Promotion (Expenses include general operating expenses)

Automobile

Computer and Internet Expenses

Dues and Subscriptions

Office Supplies

Printing and Reproduction

Professional Fees

Payroll Expenses

Continuing Education

Meal & Entertainment

Telephone Expense

Total Expense

Net Ordinary Income









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TOTAL



Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total



Ordinary Income/Expense

Income

Book Sales Income 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Educational Services Income 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Events Income 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Membership Income 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Affiliate 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Retail Partnership Income 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

General Sales 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Total Income 7.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.00





Cost of Goods Sold

Cost of Goods Sold 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Event Cost 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Merchant Account Fees 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Total COGS 3.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.00





Gross Profit 4.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.00





Expense

Advertising and Promotion 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00

Automobile 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
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