Line Company Name:
# Date:
Profit & Loss Template
Revenue: 1 2 3 4 5 6 8 7
2019 amounts
from tax return Total Jan & Total March
(if available) Jan 2020 Feb 2020 Feb March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 To August Instructions
1 Gross Sales - - - - - - - - - - - Enter gross sales or gross services income
2 Other Income - - - - - - - - - - - Enter other sources of income
3 Other income - - - - - - - - - - - Enter other sources of income
4 - - - - - - - - - - -
TOTAL GROSS RECEIPTS - - - - - - - - - -
Expenses:
Gross wages for employees only NOT 1099 contractors. This
5 Gross payroll - - - - - - - - - - - should only include payroll amounts reported to IRS and/or
Texas Workforce Commission.
6 Payroll taxes - - - - - - - - - - - Payroll taxes and other payroll-related expenses
7 Independent contractors - - - - - - - - - - - Payments made to 1099 independent contractors
Other payroll-related expenses such as health premiums and
8 Other payroll - - - - - - - - - - - paid retirement included in payroll. Enter description.
9 Rent/lease real estate - - - - - - - - - - -
10 Rent/lease equipment - - - - - - - - - - -
11 Utility 1- Commercial - - - - - - - - - - -
12 Utility 2- Commercial - - - - - - - - - - -
Enter type of utility in Column C
13 Utility 3-Commercial - - - - - - - - - - -
14 Utility 4-Commercial - - - - - - - - - - -
15 Business liability insurance premium - - - - - - - - - - -
16 COVID-19 expenses - - - - - - - - - - - Costs of PPE, enhanced sanitation, signage, etc.
17 Other expense 1 - - - - - - - - - - -
18 Other expense 2 - - - - - - - - - - -
19 Other expense 3 - - - - - - - - - - -
20 Other expense 4 - - - - - - - - - - - Enter other miscellaneous expenses such as marketing, meals,
21 Other expense 5 - - - - - - - - - - - fuel, etc.
22 Other expense 6 - - - - - - - - - - -
23 Other expense 7 - - - - - - - - - - -
24 All other expenses not categorized - - - - - - - - - - -
TOTAL EXPENSES - - - - - - - - - - -
TOTAL INCOME (LOSS) - - - - - - - - - - -
The National Development Council and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to
provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors when preparing financial statements.
P&L-Commercial Location
Line Company Name:
# Date:
Profit & Loss Template
Revenue: 1 2 3 4 5 6 8 7
2019 amounts
from tax return Total Jan & Total March
(if available) Jan 2020 Feb 2020 Feb March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 To August Instructions
1 Gross Sales - - - - - - - - - - - Enter gross sales or gross services income
2 Other Income - - - - - - - - - - - Enter other sources of income
3 Other income - - - - - - - - - - - Enter other sources of income
TOTAL GROSS RECEIPTS - - - - - - - - - -
Expenses:
Gross wages for employees only NOT 1099 contractors. This
4 Gross payroll - - - - - - - - - - - should only include payroll amounts reported to IRS and/or
Texas Workforce Commission.
5 Payroll taxes - - - - - - - - - - - Payroll taxes and other payroll-related expenses
6 Independent contractors - - - - - - - - - - - Payments made to 1099 independent contractors
Other payroll-related expenses such as health premiums and
7 Other payroll - - - - - - - - - - - paid retirement included in payroll. Enter description.
8 Rent/lease equipment - - - - - - - - - - -
9 Business liability insurance premium - - - - - - - - - - -
10 Direct business exp 1 - - - - - - - - - - -
Enter only expenses incurred directly by your home-based
11 Direct business exp 2 - - - - - - - - - - - business. See below for indirect expenses.
12 Direct business exp 3 - - - - - - - - - - -
13 Total Indirect business exenses - - - - - - - - - - Enter indirect home business expenses below.
TOTAL EXPENSES - - - - - - - - - - -
TOTAL INCOME (LOSS) - - - - - - - - - - -
This section is for "indirect" home-based business expenses. Please enter the business percentage use of your home.
Home/business % <<--Enter % here
Total Jan & Total March
0.00% Jan 2020 Feb 2020 Feb March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 To August Instructions
14 Mortgage/rent payment <<--Enter description - - - - - - - - - - <<--Enter monthly amounts
15 Indirect utility 1 <<--Enter description - - - - - - - - - -
16 Indirect utility 2 <<--Enter description - - - - - - - - - - <<--Enter monthly amounts
17 Indirect utility 2 <<--Enter description - - - - - - - - - -
- - - - - - - - - -
The National Development Council and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to
provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors when preparing financial statements.
P&L-Home-Based
March to August
2019 Average average
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
P&L-Home-Based
HOME OFFICE 400 SQ.FT
TOTAL HOME = 2,000
Computation
Total livable area
Home office area
Business %
GARAGE
TOTAL HOME = 2,000 SQ FT
Computation
Total livable area 2,000
Home office area 400
Business % 0.20 (home business portion divided by total livable area)
GARAGE
