Sheet 1: Monthly Expenses

	
	
	
	
	
	

		
Fixed Monthly Expenses
		
Cost
		


		
Monthly Payroll 
		
Cost
	
	

		
Electricity
		
$0.00
		


		
 Net Payroll
		
$0.00
	
	

		
Gas
		
$0.00
		


		
Commisson on Sales
		
$0.00
	
	

		
Water
		
$0.00
		


		
Federal Witholdings
		
$0.00
	
	

		
Internet
		
$0.00
		
 
		
Social Secruity
		
$0.00
	
	

		
Phone
		
$0.00
		


		
Medicare
		
$0.00
	
	

		
Office Rent
		
$0.00
		


		
California Income Tax
		
$0.00
	
	

		
Proper Management
		
$0.00
		


		
SDI
		
$0.00
	
	

		
Custodial Services
		
$0.00
		


		
TOTAL
		
$0.00
	
	

		
Workmans Compensation
		
$0.00
		


		


		


	
	

		
Vehicle Insurance
		
$0.00
		


		
Miscellanous Expenses
		
Cost
	
	

		
Vehicle Payment
		
$0.00
		


		
Benefits -Company Portion
		
$0.00
	
	

		
Software Licenses
		
$0.00
		


		
Benefits -Employee Portion
		
$0.00
	
	

		
Warehouse Rent
		
$0.00
		


		
Charity 
		
$0.00
	
	

		


		


		


		


		


	
	

		
Monthly Company Expenses
		
Cost
		


		
Small Business Loan
		
Cost
	
	

		
 
		
$0.00
		


		
Principal
		
$0.00
	
	

		
Vehicle Maintainence
		
$0.00
		


		
Interest
		
$0.00
	
	

		
Inventory Restock
		
$0.00
		


		
TOTAL
		
$0.00
	
	

		
Office Supplies
		
$0.00
		


		


		


	
	

		
Repair/Maintainence
		
$0.00
		


		


		


	
	

		
Printing Costs
		
$0.00
		


		


		


	
	

		
Advertsiing
		
$0.00
		


		


		


	
	

		
Travel Expenses
		
$0.00
		


		


		


	
	

		
Registration Fees
		
$0.00
		


		


		


	
	

		
Insurance
		
$0.00
		


		


		


	
	

		
Gasoline
		
$0.00
		


		


		


	
	

		
Depreciation
		
$0.00
		


		


		


	
	

		
Accounting Services
		
$0.00
		


		


		


	
	

		
Legal Services
		
$0.00
		


		


		


	



Sheet 2: BP Income Statement

	
	
	
	
	
	
	

		
PROJECTED FIRST YEAR INCOME STATEMENT
		


		


		


	
	

		
BUSINESS NAME
		


		


		


	
	

		
Time Periods
		


		


		


	
	

		


		


		


		


		


		


		


		


		


		


		


		


	
	

		
 
		


		
October
		
November
		
December
		
January
		
February
		
March
		
April
		


		
 
		


	
	

		
Sales
		


		


		


		


		


		


		


		
 
		


		
Monthly
		


	
	

		
Business to Business
		


		
0
		
0
		
0
		
0
		
0
		
0
		
0
		


		
0
		
Business to Business Contract
	
	

		
Trade Show Sales
		


		
0
		
0
		
0
		
0
		
0
		
0
		
0
		


		
 
		


	
	

		

		Income received from selling products or services.  Also called revenue.

		Internet Sales
		


		
0
		
0
		
0
		
0
		
0
		
0
		
0
		


		


		


	
	

		

		The cost of direct labor and/or direct materials

		Cost of Goods Sold
		


		
0
		
0
		
0
		
0
		
0
		
0
		
0
		


		


		
0
	
	

		

		Sales minus Cost of Goods Sold.  

		GROSS PROFIT
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		


		


	
	

		


		


		


		


		


		


		


		


		
 
		


		


		


	
	

		

		The ongoing costs of running your business

		Operating Expenses
		


		


		


		


		


		


		


		
 
		


		


		


	
	

		

		An amount of money or compensation paid to an employee by an employer in return for work performed.

		Salary (Office & Overhead)
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	An amount of money or compensation paid to an employee by an employer in return for work performed.

	Salary (Office & Overhead)
	
	

		

		The amount of payroll taxes paid by your company.
		Payroll (taxes, etc.)
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	The amount of payroll taxes paid by your company.
	Payroll (taxes, etc.)
	
	

		

		Amount paid to sub-contractors, freelancers, etc.

		Outside Services
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Amount paid to sub-contractors, freelancers, etc.

	Outside Services
	
	

		

		Amount paid for general office supplies.  Note:  This is NOT supplies for creating a product, that should go under  Cost of Goods Sold

		Supplies
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Amount paid for general office supplies.  Note:  This is NOT supplies for creating a product, that should go under  Cost of Goods Sold

	Supplies
	
	

		

		Total amount paid for maintenance and repair work

		Repairs & Maintenance
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Total amount paid for maintenance and repair work

	Repairs & Maintenance
	
	

		

		Annual amount spent on advertising

		Advertising
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Annual amount spent on advertising

	Advertising
	
	

		

		Total amount paid for car, delivery, and travel services

		Car, Delivery, Travel
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Total amount paid for car, delivery, and travel services

	Car, Delivery, Travel
	
	

		

		Amount paid to Accounting services

		Accounting Expenses
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Amount paid to Accounting services

	Accounting Expenses
	
	

		

		Amount paid to legal services

		Legal Expenses
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Amount paid to legal services

	Legal Expenses
	
	

		

		Annual rent expense

		Rent
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Annual rent expense

	Rent
	
	

		

		Annual telephone expense

		Telephone
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Annual telephone expense

	Telephone
	
	

		

		Total annual utility bills

		Utilities
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Total annual utility bills

	Utilities
	
	

		

		Total annual insurance bill

		Insurance
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Total annual insurance bill

	Insurance
	
	

		

		The total amount paid for all taxes, except payroll and income taxes.

		Corporate Taxes (real estate, etc)
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	The total amount paid for all taxes, except payroll and income taxes.

	Corporate Taxes (real estate, etc)
	
	

		

		The total amount of interest paid on loans.

		Interest
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	The total amount of interest paid on loans.

	Interest
	
	

		

		The amount of expense allocated  for assets this year.

		Depreciation
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	The amount of expense allocated  for assets this year.

	Depreciation
	
	

		

		Fill in other expenses that may pertain to your business

		Other Expenses:
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	Fill in other expenses that may pertain to your business

	Other Expenses:
	
	

		

		The total for miscellaneous costs that do not fit into any other category on this sheet.

		Miscellaneous
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		

	The total for miscellaneous costs that do not fit into any other category on this sheet.

	Miscellaneous
	
	

		
Benefits
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		
Benefits
	
	

		
(other 3)
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		
0
		
(other 3)
	
	

		

		The total of all your operating expenses.

		TOTAL OPERATING EXPENSES
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		


		


	
	

		


		


		


		


		


		


		


		


		
 
		


		


		


	
	

		

		Gross profit minus operating expenses before paying federal, state and local income taxes.

		NET PROFIT/LOSS BEFORE TAXES
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		


		


	
	

		


		


		


		


		


		


		


		


		
 
		


		


		


	
	

		

		The total amount of federal, state and local government income taxes you pay.

		Income Taxes
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		


		


	
	

		

		The total profit that your company has earned after paying taxes.

		NET PROFIT/LOSS AFTER TAX
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		


		


	
	

		


		


		


		


		


		


		


		


		
 
		


		


		


	
	

		

		The payments to investors or owners taken from your net profit after taxes. Dividends can take the form of cash, property, or stock.

		Owner draw or dividends
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


		


		


	
	

		

		Your remaining profit after withdrawals and dividends are distributed.

		RETAINED EARNINGS
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-