Interior Design Profit & Loss Statement
This statement is an overview of our financial performance over the reporting period. This document captures our revenue, cost of goods sold, and other expenses, ultimately reflecting our profitability during this time.
Period Ending [Date]
| Amount ($) |
|---|
Revenue: | |
Design Services | 120,000 |
Consultation Fees | 30,000 |
Sale of Furniture Items | 50,000 |
Total Revenue | 200,000 |
Cost of Goods Sold: | |
Direct Materials | (40,000) |
Direct Labor | (30,000) |
Total Cost of Goods Sold | (70,000) |
Gross Profit | 130,000 |
Operating Expenses: | |
Salaries and Wages | (60,000) |
Rent and Utilities | (20,000) |
Depreciation | (5,000) |
Marketing and Advertising | (15,000) |
Total Operating Expenses | (100,000) |
Net Operating Income | 30,000 |
Other Income/Expenses: | |
Interest Income | 2,000 |
Interest Expense | (2,000) |
Net Other Income | 0 |
Net Income Before Taxes | 30,000 |
Taxes | (9,000) |
Net Income | 21,000 |
Key Highlights
Revenue from our core activities like design services and furniture sales remains strong, driving a healthy gross profit margin.
We have managed operating expenses carefully to ensure they are in line with our strategic financial goals.
The net income of $21,000, after accounting for taxes, shows our ability to maintain profitability in a competitive market.
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