2006-10-24 09:34:39 · 2 answers · asked by audrey j 1 in Business & Finance ➔ Small Business
When you are seeking financing for your small business, it is a good idea to provide your potential lender with financial statements for your business, including a profit and loss statement. This information will help your lender evaluate your loan application. The following form contains information generally tracked in a profit and loss statement.
Income
Total net sales $__________
Costs of sales $__________
Gross profit $__________
Expenses
Fixed Expenses
Rent $__________
Utilities $__________
Equipment leases $__________
Depreciation $__________
Insurance $__________
License/permits $__________
Loan payments $__________
Miscellaneous $__________
Total Fixed Expenses $__________
Controllable Expenses
Salaries/wages $__________
Payroll expenses $__________
Supplies $__________
Advertising $__________
Dues/subscriptions/fees $__________
Legal and accounting $__________
Repairs/maintenance $__________
Total Controllable Expenses $__________
Total Expenses $__________
Net profit (Loss) $__________
Before taxes $__________
Taxes $__________
Net Profit (Loss) After Taxes $__________
2006-10-24 10:17:53 · answer #1 · answered by JFAD 5 · 0⤊ 0⤋
The loan portion would show up on your balance sheet as a liability while the repayment would show up on your Profit and loss.
2006-10-24 17:07:15 · answer #2 · answered by educated guess 5 · 0⤊ 0⤋