Profit and Loss Statement for Self Employed Template Free - Free Download | Page 2
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Profit and Loss Statement for Self Employed Template Free Page 2
Profit and Loss Statement for Self Employed Template Free
InstructionsforCompletingSampleProfitandLossStatementforSelfEmployedHomeowners
Thenumberedsectionscorrespondtothedefinitionsbelow.Pleasenotethatthenumbered
orderofthedefinitionsisnotnecessarilytheorderinwhichtheformshouldbecompleted.
Inthecolumns,provideeitheryourmostrecentQuarterlyorYeartodatenumbers
1. GrossMargin=(GrossProfit)/(TotalSalesRevenue)
2. Retur
nonSales=(NetProfit)/(TotalSalesRevenue)
3. TotalSalesRevenue=AllIncomefromSalesorServices.Allmoneycollectedfromthe
workyouhavedone.
4. GrossProfit=(TotalSalesRevenue)‐(TotalCostofSales)
5. TotalOper
atingExpenses=(TotalSalesandMarketingExpenses)+(TotalResearchand
DevelopmentExpenses)+(TotalGeneralandAdministrativeExpenses)
6. IncomefromOperations=(GrossProfit)‐(TotalOperatingExpenses)
7. ExamplesofOtherIncomeincludes:baddebtsrecovered,interest,taxrefundsandother
miscellaneousbusinessincome
8. NetProfit=(I
ncomefromOperations)+(OtherIncome)‐(TotalTaxes)
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