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Financial 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 building calculator from Profits Plus
 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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©1998-2025 Profits Plus Solutions, Inc.
Tom Shay
PO Box 128
Dardanelle, AR 72834

(727)823-7205

MARCH 2025
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BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Advisories

Does it seem like you, as the owner or manager, are having to do everything yourself? The March Small Business Advisory points out ways to lessen your load; even the responsibility of hiring!

Small Business

News

 

Top Story

People love entertainment. Is there something about your business that engages customers? Perhaps a part of the reason for growth in online and drive thru shopping is because the business does not know how to engage the customer.


Article of the Month

If a person is going to sell their business, there needs to be a plan to do so. Perhaps the surprise is that there is a lot to be done before a business is offered for sale. The March Article of the Month is titled, "Game Over".


Book of the Month

What are your strengths? What are your talents? You may think you know them, but the Book of the Month, "Now, Discouver Your Strengths" by Don Clifton can assist you in getting a truthful assessment. You may even find some hidden strengths and talents.