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Finanancial statement building calculator

This calculator is designed to 'walk you through' a step by step process of creating the profit and loss statement, also known as the income statement, and then through the balance sheet.

This calculator will show you how the information is put into each document as well as how information transfers from the income statement to the balance sheet.

In order for you to use this calculator, you must have JavaScript enabled in your browser. Starting with the "Step 1" button on the right, a popup balloon will appear describing that section of the spreadsheet when you position your mouse pointer over the button. After each click of a "Step" button, the next step button will appear. Continue to position your mouse pointer over each button to display the popup balloon describing that step.
















Financial Statement
 ABCDEFGHI
1
Income Statement
 
%
 
%
 
%
 
%
2 Cash Sales $87,100.00 64.60 $79,250.00 63.00 $579,430.00 65.20 $565,200.00 64.80
3 Bankcard Sales $26,800.00 19.90 $25,400.00 20.20 $168,300.00 19.00 $163,600.00 18.80
4 In house Sales $20,900.00 15.50 $21,200.00 16.80 $140,300.00 15.80 $142,900.00 16.40
5 Total Sales $134,800.00 100.00 $125,850.00 100.00 $888,030.00 100.00 $861,700.00 100.00
6  
7 Cost of Goods Sold $80,565.00 59.80 $75,945.00 60.30 $517,675.00 58.30 $508,765.00 58.40
8 Gross Profit $54,235.00 40.20 $49,905.00 39.70 $370,355.00 41.70 $362,935.00 41.60
9  
10 Operating Expenses:  
11 Wages-General $14,835.00 11.00 $14,975.00 11.90 $103,845.00 11.70 $102,900.00 11.80
12 Wages-Management $6,800.00 5.00 $6,400.00 5.10 $47,600.00 5.40 $44,800.00 5.10
13 Payroll Taxes $1,730.80 1.30 $1,710.00 1.40 $12,115.60 1.40 $11,816.00 1.40
14 Insurance-Workmen's Compensation $1,081.75 0.80 $1,68.75 0.80 $7,572.25 0.90 $7,385.00 0.80
15 Staff Education $1,600.00 1.20 $1,450.00 1.20 $11,750.00 1.30 $11,200.00 1.30
16 Property Taxes $1,100.00 0.80 $1,050.00 0.80 $7,700.00 0.90 $7,350.00 0.80
17 Rent $6,750.00 5.00 $6,750.00 5.40 $47,250.00 5.30 $47,250.00 5.40
18 Depreciation $1,000.00 0.70 $1,000.00 0.80 $7,000.00 0.80 $7,000.00 0.80
19 Common Area Maintenance $1,000.00 0.70 $950.00 0.80 $7,000.00 0.80 $6,650.00 0.80
20 Telephone $1,425.00 1.10 $1,575.00 1.30 $9,750.00 1.10 $10,125.00 1.20
21 Electric $985.00 0.70 $90.00 0.70 $7,120.00 0.80 $6,850.00 0.80
22 Gas $250.00 0.20 $225.00 0.20 $1,525.00 0.20 $1,510.00 0.20
23 Water/Sanitation $375.00 0.30 $340.00 0.30 $2,510.00 0.30 $2,430.00 0.30
24 Repairs $525.00 0.40 $640.00 0.50 $3,400.00 0.40 $3,700.00 0.40
25 Advertising $3,704.00 2.70 $3,140.00 2.50 $29,650.00 2.30 $21,440.00 2.50
26 Accounting & Legal $370.00 0.30 $395.00 0.30 $2,510.00 0.30 $2,800.00 0.30
27 Automobile $470.00 0.30 $375.00 0.30 $3,290.00 0.40 $2,600.00 0.30
28 Bank Charges $340.00 0.30 $310.00 0.20 $2,150.00 0.20 $2,015.00 0.20
29 Computer Operations $175.00 0.10 $165.00 0.10 $1,225.00 0.10 $1,155.00 0.10
30 Dues & Subscriptions $285.00 0.20 $270.00 0.20 $1,825.00 0.20 $1,750.00 0.20
31 Insurance-General $800.00 0.60 $745.00 0.60 $5,600.00 0.60 $5,215.00 0.60
32 Licenses & Taxes (not sales tax) $100.00 0.10 $120.00 0.10 $800.00 0.10 $850.00 0.10
33 Office & Store Supplies $300.00 0.20 $260.00 0.20 $2,460.00 0.30 $1,985.00 0.20
34 Outside Services $250.00 0.20 $325.00 0.30 $1,680.00 0.20 $2,360.00 0.30
35 Travel $945.00 0.70 $1,210.00 1.00 $8,450.00 1.00 $7,290.00 0.80
36  
37 Total Operating Expenses $47,196.55 35.00 $46,388.75 36.90 $326,777.85 36.80 $320,426.00 36.80
38  
39 Operating Income $7,038.45 5.22 $3,516.25 2.79 $43,577.15 4.91 $42,509.00 4.88
40  
41 Other Income and Expenses:  
42 Miscellaneous Income $400.00 0.30 $450.00 0.36 $2,800.00 0.32 $3,100.00 0.36
43 Interest Income $265.00 0.20 $200.00 0.16 $2,050.00 0.23 $1,950.00 0.22
44 Interest Expense $700.00 0.52 $750.00 0.60 $4,900.00 0.55 $5,250.00 0.60
45  
46 Net Income Before Taxes $7,003.45 5.20 $3,416.25 2.71 $43,527.15 4.90 $42,309.00 4.85
47  
48 Federal Income Tax $0.00 0.00 $9.00 0.00 $6,529.07 0.74 $6,346.35 0.73
49  
50 Net Income (loss) $7,003.45 5.20 $3,416.25 2.71 $36,998.08 4.17 $35,962.65 4.13
51                  
52                  
53                  
54 Balance Sheet                
55                
56 Assets:                
57 Cash on hand $2,500.00   $2,500.00          
58 Cash $17,450.00   $16,980.00          
59 Savings Account $28,386.00   $29,960.00          
60 Accounts Receivable $22,590.00   $21,675.00          
61 Bank Card Receivables $3,050.00   $3,370.00          
62 Inventory $150,650.00   $139,750.00          
63 Total current assets $224,626.00   $214,235.00          
64                  
65 Investments:                
66 Cooperative Stock $24,500.00   $21,575.00          
67 Cooperative Notes $45,200.00   $41,800.00          
68 Total Investments $69,700.00   $63,375.00          
69                  
70 Long term assets:                
71 Fixtures & equipment $120,000.00   $120,000.00          
72                  
73 Total property, fixtures & equipment: $120,000.00   $120,000.00          
74                  
75 Accumulated depreciation $42,000.00   $30,000.00          
76 Total net long term assets $78,000.00   $90,000.00          
77                  
78 Other Assets:                
79 Utility deposits $1,500.00   $1,500.00          
80 Total assets: $373,826.00   $369,110.00          
81                  
82 Liabilities & net worth:                
83                  
84 Current liabilities:                
85 Accounts payable $64,200.00   $65,700.00          
86 Building mortgage - current $0.00   $0.00          
87 Note payable - current $6,750.00   $6,750.00          
88 Total current liabilities: $70,950.00   $72,450.00          
89                  
90 Long term liabilities:                
91 Building mortgage $0.00   $0.00          
92 Note payable $94,500.00   $101,250.00          
93 Current long term liabilities: $94,500.00   $101,250.00          
94 Total liabilities: $165,450.00   $173,700.00          
95                  
96 Stockholder's Equity                
97 Contributed capital $155,000.00   $125,000.00          
98 Current income $36,998.08   $55,962.65          
99 Retained earnings (beginning) $46,377.92   $34,447.35          
100 Total stockholder's equity: $208,376.00   $195,410.00          
101 Total stockholder's equity and liabilities: $373,826.00   $369,110.00          
102                  
103                  
104                  
105                  
106 Ret. Earn. (beg of yr) $46,377.92   $34,447.35          
107 Current income (1/1 - 7/31) $36,998.08   $35,962.65          
108 Current income (8/1 - 12/31) $0.00   $35,967.92          
109 Distributions $0.00   $-60,000.00          
110 Ret. Earn. (end of yr) $83,376.00   $46,377.92          
111                  
112                  
113                  
 
 
 
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Profits Plus Solutions, Inc.
PO Box 1577
St. Petersburg, Fl 33731
(727) 464-2182
Fax: (727) 898-3179