Sample Xero Income Statement
Income Statement
For the 12 months ended 31 December 2017
Dec-17
Dec-16
YTD
66,440
-
66,440
Interest Income
45
23
45
Other Revenue
1,250
-
1,250
Revenue
Coaching Income
Service Revenue
Total Revenue
1,872,138
1,352,959
1,872,138
1,939,873
1,352,982
1,939,873
Less Cost of Sales
Cost of Goods Sold
484,926
344,755
484,926
Total Cost of Sales
484,926
344,755
484,926
1,454,948
1,008,227
1,454,948
(127,297)
Gross Profit
Operating Expenses
Advertising
Co-Op Funding
(127,297)
(86,122)
Marketing and Advertising
329,752
367,788
329,752
Total Advertising
202,455
281,666
202,455
Auto
Automobile Expenses: Fuel
Total Auto
Bank / Merchant Fees
Bank Service Charges
433
85
433
433
85
433
86
73
86
Merchant Fees
29,478
20,504
29,478
Total Bank / Merchant Fees
29,564
20,577
29,564
Benefits
401K Plan - Employees
1,074
5,390
1,074
401K Plan - Officers
(2,436)
40,860
(2,436)
Total Benefits
(1,362)
46,250
(1,362)
6,085
5,986
6,085
Computer
Computer-Related Expenses
Computer-Related Expenses: Software
Total Computer
Contract Labor/Services
Contract Labor
Total Contract Labor/Services
Depreciation
Depreciation
Total Depreciation
Income Statement |
| 2 February 2018
470
-
470
6,555
5,986
6,555
2,592
1,600
2,592
2,592
1,600
2,592
21,734
30,382
21,734
21,734
30,382
21,734
Page 1 of 3
Income Statement
Dec-17
Dues / Subscriptions
Dues & Subscriptions
Total Dues / Subscriptions
Insurance
Insurance
Insurance: Health
Insurance: Property Insurance
Total Insurance
Dec-16
YTD
685
175
685
685
175
685
27
36
27
10,059
(349)
10,059
4,593
3,995
4,593
14,679
3,682
14,679
Interest
Interest Expense
-
1,340
-
Total Interest
-
1,340
-
Licenses / Fees
Licenses & Fees
Total Licenses / Fees
Office Expenses
Client Supplies
Office Expenses
Office Expenses: Office Supplies
Office Expenses: Postage & Delivery
Office Expenses: Printing & Stationery
Total Office Expenses
Payroll
Payroll Expenses: Payroll Processing Fees
Payroll Expenses: Payroll Taxes
Salaries & Wages - Employees
965
1,074
965
965
1,074
965
156
-
156
777
25
777
16,183
12,688
16,183
35
96
35
315
-
315
17,466
12,809
17,466
-
10
-
23,518
18,063
23,518
62,844
36,888
62,844
Salaries & Wages: Officers
227,703
197,014
227,703
Total Payroll
314,065
251,975
314,065
Professional Fees
Professional Fees
3,235
1,475
3,235
Professional Fees: Accounting
8,340
9,440
8,340
Professional Fees: Consulting
29,206
24,951
29,206
Professional Fees: Legal Fees
1,000
-
1,000
41,781
35,866
41,781
Total Professional Fees
Rent
Rent
Total Rent
Repairs / Maintenance
Janitorial Expenses
43,886
48,207
43,886
43,886
48,207
43,886
7,455
4,790
7,455
Laundry
3,600
2,100
3,600
Repairs and Maintenance
4,060
1,685
4,060
792
792
792
15,906
9,367
15,906
Security
Total Repairs / Maintenance
Income Statement |
2 February 2018
Page 2 of 3
Income Statement
Dec-17
Dec-16
YTD
258
Travel
Travel & Entertainment: Airfare
258
282
Travel & Entertainment: Hotel
658
2,694
658
Travel & Entertainment: Meals
2,882
2,027
2,882
2
19
2
10,878
11,563
10,878
2,451
1,530
2,451
17,128
18,115
17,128
Travel & Entertainment: Parking
Travel & Entertainment: Staff & Customer Meals
Travel & Entertainment: Transportation
Total Travel
Utilities
Telephone & Internet
7,412
5,877
7,412
7,412
5,877
7,412
Total Operating Expenses
735,945
775,033
735,945
Operating Income / (Loss)
719,002
233,194
719,002
Total Utilities
Other Income and Expense
Charitable Contributions
Income Tax Expense
Payroll Taxes
EE Taxes Paid
(1,215)
(3,900)
(1,215)
(156,202)
-
(156,202)
(162,809)
(121,652)
(162,809)
FED WH
114,980
88,506
114,980
FICA EE
21,922
17,430
21,922
State WH
25,907
15,716
25,907
-
-
-
(157,417)
(3,900)
(157,417)
Net Income / (Loss) before Tax
561,585
229,294
561,585
Net Income
561,585
229,294
561,585
Total Comprehensive Income
561,585
229,294
561,585
Total Payroll Taxes
Total Other Income and Expense
Income Statement |
| 2 February 2018
Page 3 of 3