Sample Balance Sheet and Income Statement Excel - Free Download
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Sample Balance Sheet and Income Statement Excel
Sample Balance Sheet and Income Statement Excel
Example using "Normalization" on an Individual's "Income Statement" and "Balance Sheet"
Jane Doe's Normalized Personal "Income Statement"
Note: This is similar (NOT identical) to what you will do when you normalize your company's income statement and balance sheet
20% raise, slight increases in expenses
Monthly Monthly
Average Annual Normalized Average Annual
Normalized
Income:
Base Salary 4800 57600 83% 4000 48000 80%
Bonuses/Consulting 1000 12000 17% 1000 12000 20%
Total Income 5800 69600 100% 5000 60000 100%
Expenses/Taxes:
Taxes, etc. 1740 20880 30% 1500 18000 30%
Mortgage Payment 1000 12000 17% 1000 12000 20%
Car Payment 500 6000 9% 400 4800 8%
Credit Card/Other Pay 200 2400 3% 200 2400 4%
Utilities 500 6000 9% 500 6000 10%
Gas for Car 78.48 941.76 1% 65.4 784.8 1%
Savings 870 10440 15% 500 6000 10%
Food, Misc. 800 9600 14% 800 9600 16%
Total Expenses 5688.48 68261.76 98% 4965.4 59584.8 99%
Budget "Profit/Slack" 111.52 1338.24 2% 34.6 415.2 1%
Jane Doe's Normalized Personal "Balance Sheet"
Assets
Cash 5000 1% 5000 1%
Securities 60000 10% 50000 9%
Retirement Plans/401k 115000 19% 100000 19%
Food/Personal 6000 1% 5000 1%
Total Current Assets 186000 31% 160000 30%
Fixed Assets
Car 40000 7% 30000 6%
Other Insurable Assets 50000 8% 45000 8%
Household Property 100000 17% 100000 19%
House 220000 37% 200000 37%
Total Fixed Assets 410000 69% 375000 70%
Total Assets 596000 100% 535000 100%
Liabilities & Equity:
Liabilities:
Credit Card/Other debt 8000 1% 5000 1%
Student Loan 7000 1% 8000 1%
Car Loan 35000 6% 20000 4%
Home Mortgage Balance 140000 23% 150000 28%
Total Liabilities 190000 32% 183000 34%
Equity: 406000 68% 352000 66%
Total Liabilities + Equity 596000 100% 535000 100%
Year 2000 Information
Year 2001 Information
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