1. PROFIT AND LOSS
Month: Year: Revised 5/1/06
SECTION 1 Expenses
OFFICE EXPENSES
1 $ Section 2 Income
2 OUTSIDE REVENUE $
3 BUYERS AGENT FEES
4 TITLE CO. REVENUE
5 REFERRAL FEES
6 PROCESSING FEES
7
8
9
10
11
12
Subtotal:
Wage Expenses
13
14
15 TOTAL OTHER INCOME $
16
17
18 SECTION 3 PERSONAL REVENUE
19 PERSONAL REVENUE
Subtotal: FROM PAY LOG $
Misc. Expenses
20 # OF UNITS
21
22 TOTAL REVENUE $
23
24 REVENUE PER UNIT $
25 divide revenue by # of units
26
Subtotal:
Personal Expenses SECTION 4 NET INCOME
27 Section 2 TOTAL $
28 Section 3 TOTAL $
29 TOTAL GROSS INCOME $
30
31 Subtract Section 1 $
Subtotal: NET GROSS INCOME $
Total Expenses $ x 20% for Uncle Sam (x.20)
Net Income $
Taxable Income
COMPANY FLOAT
BALANCE ___________________ SALARY ___________________ Net Gross Income ___________________
(from Section 4
TAX
BALANCE ___________________
COMPANY Personal Expenses run
DEBT TOTAL ___________________ PROFIT ___________________ Through Company ___________________
(Section 2-1)
PROJECTED YEAR END
GROSS TAXABLE___________________ TAXABLE PAID TO OWNER YTD ___________________________________
PAID TO OWNER GROSS (NET GROSS INCOME + SALARY from all P&L's YTD)
(Gross tax YTD divided by # of months x 12)