Profit & Loss Statement

Sherin's Salon
January 2019

Revenue Dollars

Salon Services
Hair 16,150
Nails 13,250
Spa Services 12,680
Sale of Personal care products 3,475
Other Income 150
Total Revenue 45,705
COGS (Cost of goods sold)
Wages & payroll taxes 9,000
Leased or rented equipment 1,080
Electricity 1,050
Supplies for Salon Services 950
Purchase of Personal care products for resale 1,005
Total Cost of goods sold 13,085
Gross Profit 32,620
Other Expenses
Rent 7,100
Advertising 700
Telephone/Mobile charges 231
Insurance 738
Office Supplies 150
Furniture and fixtures purchased 125
Miscellaneous expenses 40
Total Other Expenses 9,084
Operating Profit / (Loss) 23,536
Non Operating Expenses
Interest 626
One time fraud cost 100
Total Non Operating Expenses 726
Pre-tax Profit or Income 22,810

Less Taxes 7,983

Net Profit or Income 14,827
 Profit & Loss Statement
Sherin's Salon

Revenue Nov-18 Dec-18 Jan-19

Salon Services
Hair 16,000 15,900 16,150
Nails 12,700 12,750 13,250
Spa Services 12,700 12,660 12,680
Sale of Personal care products 5,010 4,120 3,475
Other Income 80 10 150
Total Revenue 46,490 45,440 45,705
COGS (Cost of goods sold)
Wages & payroll taxes 8,680 8,880 9,000
Leased or rented equipment 1,010 1,055 1,080
Electricity 1,015 1,040 1,050
Supplies for Salon Services 950 950 950
Purchase of Personal care products for resale 1,210 1,150 1,005
Total Cost of goods sold 12,865 13,075 13,085
Gross Profit 33,625 32,365 32,620
Other Expenses
Rent 7,100 7,100 7,100
Advertising 1,000 900 700
Telephone/Mobile charges 231 231 231
Insurance - - 738
Office Supplies 10 90 150
Furniture and fixtures purchased 75 100 125
Miscellaneous expenses - 50 40
Total Other Expenses 8,416 8,471 9,084
Operating Profit / (Loss) 25,209 23,894 23,536
Non Operating Expenses
Interest on a business loan 626 626 626
One time fraud cost - - 100
Total Non Operating Expenses 626 626 726
Pre-tax Profit or Income 24,583 23,268 22,810

Less Taxes 8,604 8,144 7,983

Net Profit or Income 15,979 15,124 14,827