Income Statement Sample Of Salon

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Income statement sample of salon. For instance if you earn 200 in interest you record it in your interest revenue account. Single step income statement. Special highlights hair salon author date purpose jessica watts february 25 2016 to develop a projected. A beauty salon business plan sample helps to calculate beauty salon startup costs as well as yearly revenues and expenses development expenses.

This income statement template was designed for the small business owner and contains two example income statements each on a separate worksheet tab see the screenshots the first is a simple single step income statement with all revenues and expenses lumped together. Here is an example of how to prepare an income statement from paul s adjusted trial balance in our earlier accounting cycle examples. Income statement we expect income to hit 172 800 at the end of the first year of business it should increase to more than 262 340 by the third year as the reputation of the salon its stylists and services become apparent to the general public. As you can see this example income statement is a single step statement because it only lists expenses in one main category.

Each free business plan template is available in microsoft word doc format and many of the business plan forms are available in excel xls format as well. The second worksheet shown on the right is a multi step income statement that calculates gross profit and operating income. Salon income profit loss statement projections example sample template duration. View homework help salon income statement from computer i 114 at norco college.

The income profit loss statement projections of a salon business plan using the template with example and sample writing at. Income statement showing the costs and revenues. Examples of other income include interest earned from a bank account or money received from an insurance settlement.