Income Statement

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YOUR COMPANY NAME

Income Statement
For the Year Ending on: DD/MM/YY
LAST YEAR CURRENT YEAR
Revenue
Gross sales ₱ - ₱ -
Less: Sales returns & rebates ₱ - ₱ -
Net Sales ₱ - ₱ -

Cost of Goods Sold


Beginning inventory ₱ - ₱ -
Purchases ₱ - ₱ -
Freight ₱ - ₱ -
Direct labor ₱ - ₱ -
Indirect expenses ₱ - ₱ -
₱ - ₱ -
Less: Ending inventory ₱ - ₱ -
Total Cost of Goods Sold ₱ - ₱ -
Gross Profit (Loss) ₱ - ₱ -

Expenses
Operations
Office rent & utilities ₱ - ₱ -
Internet connection & hosting ₱ - ₱ -
Telephone service ₱ - ₱ -
Salaries & wages ₱ - ₱ -
Office supplies ₱ - ₱ -
Postage ₱ - ₱ -
Office equipments (amortization) ₱ - ₱ -
Vehicle expenses ₱ - ₱ -
Equipments (amortization) ₱ - ₱ -
Maintenance ₱ - ₱ -
Delivery expenses ₱ - ₱ -
Other: ₱ - ₱ -
Total Operations ₱ - ₱ -

Finance & Administration


Salaries & wages ₱ - ₱ -
Employee training ₱ - ₱ -
Professional fees ₱ - ₱ -
Bank charges ₱ - ₱ -
Credit card fees ₱ - ₱ -
Insurance ₱ - ₱ -
Payroll taxes ₱ - ₱ -
Permits & licenses ₱ - ₱ -
Taxes ₱ - ₱ -
Bad debts ₱ - ₱ -
Charitable contribution ₱ - ₱ -
Other: ₱ - ₱ -
Total Finance & Administration ₱ - ₱ -

Sales & Marketing


Professional services ₱ - ₱ -
Advertising ₱ - ₱ -
Prospect lists ₱ - ₱ -
Traveling ₱ - ₱ -
Sales expenses ₱ - ₱ -
Salaries & wages ₱ - ₱ -
Sales commissions ₱ - ₱ -
Other: ₱ - ₱ -
Total Sales & Marketing ₱ - ₱ -
Total Expenses ₱ - ₱ -

Operating Income - EBIT ₱ - ₱ -


Other Income (Expenses)
Gain (loss) on sale of assets ₱ - ₱ -
Interest income ₱ - ₱ -
Less: Interest expenses ₱ - ₱ -
Total Other Income (Expenses) ₱ - ₱ -
Income (Loss) Before Taxes ₱ - ₱ -

Income Tax Expenses (Savings) ₱ - ₱ -


Net Income (Loss) ₱ - ₱ -

Cumulative Net Income (Loss) ₱ - ₱ -


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