Monthly Income And Expense Report

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Monthly Business Income and Expense Report Name: Case Number: Address: Postal Code: Name of business: Type: Report for the month of / Income Sales, Gross Revenue Less: Returns and Allowances Less: Provincial Sales Tax (if included in sales) Add: Other Income - specify (include cash draw) Gross Income = Cost of Goods Sold Value of inventory at beginning of month Add: Purchased (including delivery, express, freight) Less: Value of inventory at end of month (total from page 2) Less: Cost of items withdrawn for purposes such as demonstration Cost of Goods Sold (deduct from Gross Income) = Gross Profit (Gross Income less Cost of Goods Sold) (If above is zero or less, go to page 2) Business Expenses - Please submit receipts Accounting, Legal, Collection, Consulting Business vehicle (maintain any leasing/rental agreement in force at time of application) Mortgage interest or business holdings in existence at time of application Delivery, express, freight Office expenses (postage, stationery, etc.) Rental on business property Minor equipment costs/rental for essential business operations Fuel/maintenance/repairs for business vehicles Wages Contributions to employees (C.P.P., E.I., Workers’ Compensation) Business property tax Licenses Insurance Utilities Advertising (Newspaper, Business pages, telephone directories, etc.) Mileage, Meals, and Accommodation for business trips Goods and Services Tax Other - specify Total Expenses Net Income (Gross Income less Total Expenses) Page 1 of 3 1214 Rev..

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