SAMPLE PROFIT & LOSS STATEMENT

FOR SMALL & MICRO BUSINESSES IN SERVICE INDUSTRY Income from Service – Total income derived during a year from operation of service business.

OPERATING INCOME
Rent – Rental expenses incurred for renting the vehicle, building and rent paid for assets used under operating lease for business purpose only.
Income from Service $ -
Wages/Salaries - Gross value of salaries and wages incurred to staffs involved in business related activity during the year.
LESS EXPENSES
OPERATING EXPENSES Fuel – Total cost of fuel incurred during a year for motor vehicle used in business activity.
Rent $ -
Wages/Salaries $ - Repairs & Maintenance – Cost incurred in repairing the vehicles and buildings owned during the year, used in business operation.

Fuel - Motor Vehicle $ -

Depreciation - Total amount of depreciation for a year for assets used in the business.
Repair & Maintenance $ -
Depreciation $ - Utility – Total of electricity, water and telephone expenses incurred during a year for business purpose.
Utility $ -
Other Operating Expenses - Total of other operating expenses incurred in the business during the year.
Other Operating Expenses $ -
TOTAL OPERATING EXPENSES $ - Total Operating Expenses – Total all the operating expenses.

FINANCIAL EXPENSES Bank Charges – Total bank charges incurred in having the business bank account.
Bank Charges $ -
Interest – Total interest incurred in the year on loan taken to acquire the business assets or fund the business operation.
Interest $ -
TOTAL FINANCIAL EXPENSES $ -
Total Financial Expenses - Total all the financial expenses.
OTHER EXPENSES Town & City Rates – Town and city rates paid in relation to business activity for a year.
Town & City Rates $ -
Miscellaneous Expenses $ - Miscellaneous Expenses – Total of small expenses incurred in the business operation during the year that is not specific to any other category.

TOTAL OTHER EXPENSES $ -

Total Other Expenses – Total all other expenses.
TOTAL EXPENSES $ -
NET PROFIT BEFORE TAX $ - Total Expenses – Total operating expenses plus total financial expenses plus total other expenses.

Net profit before tax – Total Income minus total expenses.