Preparing a Financial Plan (Part 2)

Projected Income Statement

Projected Income Statement
 
Historical
Year 1
Year 2
Year 3
Sales        
Cost of goods sold        
Gross margin (sales - cost of goods sold)        
Expenses        
Business support        
Advertising & promotion        
Automobile & travel expense        
Bad debts        
Business tax, fees, licenses, etc.        
Property tax        
Professional fees        
Management salaries        
Other salaries & wages        
Employee benefits        
Rent        
Insurance        
Bank charges & interest        
Maintenance and repair        
Freight        
Telephone        
Utilities        
Office expenses, postage        
All other operating expenses        
Depreciation & amortization        
Total Expense        
Net profit from operations (gross margin minus expenses)        
Other income        
SBA        
Net profit before taxes        
Estimated tax rat (%)        
Net profit after taxes