Sample monthly report
This is the kind of report pack you get each month. Click through the tabs to see each report and which plan includes it.
Example Co.
Month ended June 30
Included inStarterGrowthPremium
Profit and Loss
| Income | |
|---|---|
| Product sales | 48,000 |
| Service income | 2,000 |
| Total income | 50,000 |
| Cost of goods sold | |
| Product costs | 18,000 |
| Shipping and fulfillment | 2,000 |
| Total cost of goods sold | 20,000 |
| Gross profit | 30,000 |
| Expenses | |
| Payroll | 12,000 |
| Marketing | 4,000 |
| Rent | 3,000 |
| Software | 1,000 |
| Professional fees | 1,000 |
| Other expenses | 1,000 |
| Total expenses | 22,000 |
| Net income | 8,000 |
Included inStarterGrowthPremium
Balance Sheet as of June 30
| Assets | |
|---|---|
| Cash | 40,000 |
| Accounts receivable | 10,000 |
| Inventory | 20,000 |
| Equipment | 10,000 |
| Total assets | 80,000 |
| Liabilities | |
| Accounts payable | 8,000 |
| Credit card | 2,000 |
| Loan payable | 20,000 |
| Total liabilities | 30,000 |
| Equity | |
| Owner investment | 20,000 |
| Retained earnings | 22,000 |
| Net income this month | 8,000 |
| Total equity | 50,000 |
| Total liabilities and equity | 80,000 |
Total assets of 80,000 equal total liabilities and equity of 80,000, so the balance sheet balances.
Included inStarter (not included)GrowthPremium
Statement of Cash Flows
| Operating activities | |
|---|---|
| Net income | 8,000 |
| Increase in accounts receivable | (2,000) |
| Decrease in inventory | 1,000 |
| Increase in accounts payable | 1,000 |
| Cash from operating activities | 8,000 |
| Investing activities | |
| Equipment purchased | (3,000) |
| Cash used in investing activities | (3,000) |
| Financing activities | |
| Loan repaid | (1,000) |
| Cash used in financing activities | (1,000) |
| Net increase in cash | 4,000 |
| Cash at the start of the month | 36,000 |
| Cash at the end of the month | 40,000 |
Cash at the end of the month matches the 40,000 of cash on the balance sheet. Numbers in brackets are cash going out.
Included inStarter (not included)GrowthPremium
Written Month-End Summary
The month in brief
- Income was $50,000 and gross profit was $30,000, a gross margin of 60%.
- Net income was $8,000, which is 16% of income.
- Cash went up by $4,000 to $40,000.
Things to know
- Customers owe $10,000, up $2,000 from last month. Two invoices are more than 30 days overdue.
- New equipment costing $3,000 was bought and recorded as an asset.
- $1,000 of the loan was repaid this month.
Questions for you
- Please send the receipt for the $250 card charge on June 14.
Sample with example data. Example Co. is not a real business and the numbers are made up to show the layout. Your reports are prepared from your own books.
Which plan includes each report
Every plan includes monthly reconciliations. The reports you get depend on your plan.
| Report | Starter | Growth | Premium |
|---|---|---|---|
| Profit and Loss | Included | Included | Included |
| Balance Sheet | Included | Included | Included |
| Statement of Cash Flows | Not included | Included | Included |
| Written Month-End Summary | Not included | Included | Included |
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