Profit & Losss Standard

What's on this report?

A profit and loss statement (P&L), also known as an income statement, is a financial report that shows a company's revenues and expenses over a given period of time, usually a fiscal quarter or year.

            Dec 13
  Ordinary Income/Expense  
      Income    
        Construction Income 81,536.50
      Total Income 81,536.50
      Cost of Goods Sold  
        Direct Cost of Goods Sold  
          Direct Labour Costs 0.00
        Total Direct Cost of Goods Sold 0.00
      Total COGS 0.00
    Gross Profit   81,536.50
      Expense    
        Insurance  
          Liability Insurance 120.00
        Total Insurance 120.00
        Interest & Bank Charges  
          Loan Interest 400.00
          Interest & Bank Charges - Other 0.00
        Total Interest & Bank Charges 400.00
        Payroll - Office and Admin.  
          Employee Benefits  
            Subcontractor Benefits 0.00
            WCB 0.00
            Employee Benefits - Other 0.00
          Total Employee Benefits 0.00
          Payroll - Office and Admin. - Other 0.00
        Total Payroll - Office and Admin. 0.00
        Professional Fees  
          Consulting fees 250.00
          Accounting 428.57
          Legal 0.00
        Total Professional Fees 678.57
        PST Expenses 0.00
        Rent   1,450.00
        Supplies  
          Marketing 850.00
        Total Supplies 850.00
        Utilities  
          Electricity 371.75
          Phone 157.02
        Total Utilities 528.77
        Vehicles  
          Fuel 151.20
        Total Vehicles 151.20
      Total Expense 4,178.54
  Net Ordinary Income 77,357.96
Net Income       77,357.96