Profit & Loss Worksheet

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Profit & Loss Worksheet
Company
From
to
INCOME:
$'s
Net Sales (Gross sales minus returns & allowances)
Cost of Goods Sold:
Beginning Inventory
Purchases
Ending Inventory
Net Cost of Goods Sold (Beginning Inv. + purchases - Ending Inv.)
Gross Profit (Net sales - Cost of Goods Sold)
Gross Margin (Net sales divided by Cost of Goods Sold)
EXPENSES:
Variable (Selling/Direct)
Fixed (Administrative/Overhead)
Total Operating Expenses (Total Variable and Fixed Costs)
Net Income from Operations (Gross Profit less Total Operating Expenses)
Other Income
Other Expenses
Net profit (Loss) Before Taxes
Taxes (Federal, Self Employed, State)
NET PROFIT (LOSS)