Cash Flow Issues and Record-Keeping
- Understanding Your Cash Flow
- Determining Your Family's Income Needs
- Emergency Funds
- Business Cash Flow
- Record-Keeping
- Common Expenses to Keep Track Of
- Prepare Daily, Monthly, and Annual Records
- Profit and Loss Statement
- How Long to Keep Business Records
- Finding Someone to Do Your Paperwork
- Budgeting for Your First-Year Costs
Profit and Loss Statement
As stated in the previous section, the Profit and Loss Statement below can be printed and used as a guide to preparing your own profitability analysis.
Revenue (Income)
Sales/Service Income |
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Other Income |
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Total revenue |
Operating Expenses
Depreciation Expense |
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Interest expense |
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Payroll |
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Rent/Mortgage |
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Utilities |
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Telephone and Internet |
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Maintenance & repairs |
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Insurance |
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Supplies |
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Advertising |
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Taxes |
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Other expenses
|
|
Total |
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Net Profit (or Loss) |
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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Community Wealth Advisors is a trade name of the bank. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed by insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value. | ||