Preparing a Financial Plan (Part 2) – Projected Income Statement

Projected Income Statement

Projected Income Statement
 
Historical
Year 1
Year 2
Year 3
Sales    
Cost of goods sold    
Gross margin (sales – cost of goods sold)    
Expenses    
Business support    
Advertising & promotion    
Automobile & travel expense    
Bad debts    
Business tax, fees, licenses, etc.    
Property tax    
Professional fees    
Management salaries    
Other salaries & wages    
Employee benefits    
Rent    
Insurance    
Bank charges & interest    
Maintenance and repair    
Freight    
Telephone    
Utilities    
Office expenses, postage    
All other operating expenses    
Depreciation & amortization    
Total Expense    
Net profit from operations (gross margin minus expenses)    
Other income    
SBA    
Net profit before taxes    
Estimated tax rat (%)    
Net profit after taxes    
Editor and Publisher: Jeff Grill

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