Home > Planning Guidelines > Income Statement This document prepared and presented by Business Resource Software, Inc. Income Statement The following is an example of a Profit & Loss Statement also known as an Income Statement. Click on any line item label and an explanation will be shown. This is a five year statement, however, your first year's projections should show monthly figures, the second year, quarterly and years three through five should show annual figures. 2011 2012 2013 2014 2015 Revenue: Product/service sales 1,760,000 2,636,000 3,425,000 4,706,000 6,139,000 Maintenance 0 0 0 0 0 Consulting Services 0 0 0 0 0 Royalties 0 0 0 0 0 Interest 0 0 0 0 0 Other 0 0 0 0 0 Total revenue $1,760,000 $2,636,000 $3,425,000 $4,706,000 $6,139,000 Expenses: Cost of Goods Sold Salaries 600,000 0 0 0 0 Production Expense 190,000 0 0 0 0 Other 0 0 0 0 0 Gross margin $970,000 $1,496,000 $1,980,000 $2,974,000 $3,914,000 Salaries 755,000 830,000 974,000 1,345,000 1,805,000 Operating Expense 288,000 448,000 580,000 755,000 985,000 Bad debt 0 0 0 0 0 Contributions 0 0 0 0 0 Depreciation 0 0 0 0 0 Loan Interest 0 33,308 27,086 20,280 12,835 Other 0 0 0 0 0 Total Oper. Expenses $1,043,000 $1,311,308 $1,581,086 $2,120,280 $2,802,835 Pre-Tax Income $(73,000) $184,692 $398,914 $853,720 $1,111,165 Pre-Tax (%) -4.15% 7.01% 11.65% 18.14% 18.10% Tax Provision 0 46,173 99,729 213,430 277,791 Net Profit $(73,000) $138,519 $299,186 $640,290 $833,374