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The document provides an income statement template for a company called Artwork covering the period from September 1, 2017 to August 31, 2022. The template includes sections to report revenue, cost of goods sold, expenses and gross profit/loss and is intended to be a simple tool for small and medium enterprises to assess financial performance and for use in applications like loans or tax filings. Fields are provided to input sales data by product as well as costs of goods sold by material to automatically calculate totals.
The document provides an income statement template for a company called Artwork covering the period from September 1, 2017 to August 31, 2022. The template includes sections to report revenue, cost of goods sold, expenses and gross profit/loss and is intended to be a simple tool for small and medium enterprises to assess financial performance and for use in applications like loans or tax filings. Fields are provided to input sales data by product as well as costs of goods sold by material to automatically calculate totals.
The document provides an income statement template for a company called Artwork covering the period from September 1, 2017 to August 31, 2022. The template includes sections to report revenue, cost of goods sold, expenses and gross profit/loss and is intended to be a simple tool for small and medium enterprises to assess financial performance and for use in applications like loans or tax filings. Fields are provided to input sales data by product as well as costs of goods sold by material to automatically calculate totals.
The income statement measures a company's financial performance
over a specific accounting period.
Financial performance is assessed by giving a summary of how the
business incurs its revenues and expenses through both operating and non-operating activities. It also shows the net profit or loss incurred over a specific accounting period. The income statement is important because it shows the profitability of a company during the time interval specified in its heading. The period of time that the statement covers is chosen by the business and can vary. The income statement is sometimes referred to as the profit and loss statement (P&L), statement of operations, or statement of income.
How to use this tool
This is intended to be a simple and practical tool to be adjusted and used
by SMEs working in all sectors. You may adapt it to reflect your business needs, type of clientele, products and services you offer. It provides the minimum information required by financial institutions for assessing loan applications, tax authorities and potential investors.
Fill in the white cells, totals will be calculated automatically
INCOME STATEMENT Artwork For the year ended 09/30/18 September 1, 2017 - August 31, 2022 Revenue: 89,889,968.75 Gross Sales 90,091,968.75 Less: Sales Returns and Allowances 202,000.00 Cost of Goods Sold: 85,048,125.00 Materials 85,048,125.00 Other direct expenses 0.00 Gross Profit (Loss) 4,841,843.75
Other Income: 0.00
Discount received 0.00 Rental income 0.00 Gain (Loss) on Sale of Assets 0.00 Interest received 0.00 Gross Income 4,841,843.75 Expenses: Financial expenses 0.00 Bank Charges and commissions 0.00 Interest 0.00 Personnel expenses 1,500,000.00 Wages 1,500,000.00 Payroll Taxes 0.00 Marketing expenses 460000 Sponsorships 90000 Magazine Ad 250,000 Mall Rental fee 100,000 Social Media Boost 20000
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