Toolbox | 04 Sales | 01 Profit & Loss

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Pofit & Loss

By the end of every accounting year, normally around March,
you must go through your past year’s profit and loss.
Preferably, before you create a new budget for the coming
business year. Here is a template to help you remember all
posts considered.

Detailed Profit And Loss Account For the year ended [ ]

Income

Equalisation:
Income from Art Sale:
Income from Event:
Investment Interest:

Expenses

Accounting:
Art Work Sold:
Bank Charges:
Business Rates:
Events:
Investment Gains/Losses:
Investment Mgr Fee:
Marketing & Advertising:
Office Supplies:
Postage:

Staff – Contracted Stationary:
Travel Utilities:
Workspace Management:

Net (loss)/profit