Income statement by recording all expenses. Pay attention to salary wages. Total amount should be allocated based on the percentage from previous month.
YTD $685,965 58,953 $58,953 F&B Revenue Adjustments/Discounts 744,918 0 $744,918 Total Income Cost of Goods Sold 75,850 35,000 45,000 25,000 180,850 75,850 Rooms Supply Kitchen Supply Cost of Food 45,000 Cost of Beverages Total Cost of Goods Sold Gross Profit All Departments Operating Expenses 0 564,068 564,068 Salaries & Wages Employee Benefits ADP Payroll Related Expense Meals & Entertainment Training Expense 200,015 28,482 28,482 25,445 8,500 Professional Fees Payroll Expense Employee Events 5 5 Building Maintenance 1,265 Equipment Lease 5,000 Telephone Expense-Mobile Phone Telephone Expense-Regular Ser Repair& Maintenance 6,524 9,074 6,524 3 ROOMS Salaries & Wages Employee Benefits Meals & Entertainment Equipment Lease Compliance & Quality Assessment Computer Expense Telephone Expense-Mobile Phone License Expense Dues & Subscriptions 66,687 9,793 66,687 9,793 642 5,000 1.400 1.400 129 Total Rooms Expenses G & A Expenses Salaries & Wages ADP Payroll Related Expense Employee Benefits Meals & Entertainment Employee Events Legal Fees Professional Fees Payrol Expense Bank Charges Office Expenses Postage-Overnight Mail Internet Expense Telephone Expense- Mobile Phone Telephone Expense - Regular Ser Repair & Maintenance 55,829 8,500 394 170 2,377 394 170 1,265 6,071 Rent or Lease 4,805 2,011 6,524 2,011 Dues & Subscriptions Total G& A Expenses Salaries & Wages Employee Benefits 25,083 5,861 Meals & Entertainment Employee Events Training Expense Grounds Expenses Telephone Expense Mobile Phone 100 Total Engineering Expenses Sales & Marketing Expenses 52,417 Salaries & Wages Employee Benefits Meals & Entertainment Employee Events Computer Expense Telephone Expense - Mobile Phone Dues & Subscriptions Total Sales Expenses Other Operating Expenses Bad Debt Expense Total Other Operating Expenses Total Operating Expenses Total Operating Expenses- Detailed 318,121 318,121 318,121 318,121 0 318,121 0 318,121 Total Operating Expenses-Summary Net Income from Operations Other Income and Expense Income Statement For the Two Months Ending 2/29/2016 Interest Eamed Total Other Income 155 155 155 155 Amortization Expense Depreciation Expense Interest Expense Property Taxes Taxes&Licenses 5,072 18,133 4,949 1,333 1,966 31,453 5,072 18,133 4,949 1,333 1,966 31,453 Total Other Expenses 214,649 Net Income 214,649 YTD $685,965 58,953 $58,953 F&B Revenue Adjustments/Discounts 744,918 0 $744,918 Total Income Cost of Goods Sold 75,850 35,000 45,000 25,000 180,850 75,850 Rooms Supply Kitchen Supply Cost of Food 45,000 Cost of Beverages Total Cost of Goods Sold Gross Profit All Departments Operating Expenses 0 564,068 564,068 Salaries & Wages Employee Benefits ADP Payroll Related Expense Meals & Entertainment Training Expense 200,015 28,482 28,482 25,445 8,500 Professional Fees Payroll Expense Employee Events 5 5 Building Maintenance 1,265 Equipment Lease 5,000 Telephone Expense-Mobile Phone Telephone Expense-Regular Ser Repair& Maintenance 6,524 9,074 6,524 3 ROOMS Salaries & Wages Employee Benefits Meals & Entertainment Equipment Lease Compliance & Quality Assessment Computer Expense Telephone Expense-Mobile Phone License Expense Dues & Subscriptions 66,687 9,793 66,687 9,793 642 5,000 1.400 1.400 129 Total Rooms Expenses G & A Expenses Salaries & Wages ADP Payroll Related Expense Employee Benefits Meals & Entertainment Employee Events Legal Fees Professional Fees Payrol Expense Bank Charges Office Expenses Postage-Overnight Mail Internet Expense Telephone Expense- Mobile Phone Telephone Expense - Regular Ser Repair & Maintenance 55,829 8,500 394 170 2,377 394 170 1,265 6,071 Rent or Lease 4,805 2,011 6,524 2,011 Dues & Subscriptions Total G& A Expenses Salaries & Wages Employee Benefits 25,083 5,861 Meals & Entertainment Employee Events Training Expense Grounds Expenses Telephone Expense Mobile Phone 100 Total Engineering Expenses Sales & Marketing Expenses 52,417 Salaries & Wages Employee Benefits Meals & Entertainment Employee Events Computer Expense Telephone Expense - Mobile Phone Dues & Subscriptions Total Sales Expenses Other Operating Expenses Bad Debt Expense Total Other Operating Expenses Total Operating Expenses Total Operating Expenses- Detailed 318,121 318,121 318,121 318,121 0 318,121 0 318,121 Total Operating Expenses-Summary Net Income from Operations Other Income and Expense Income Statement For the Two Months Ending 2/29/2016 Interest Eamed Total Other Income 155 155 155 155 Amortization Expense Depreciation Expense Interest Expense Property Taxes Taxes&Licenses 5,072 18,133 4,949 1,333 1,966 31,453 5,072 18,133 4,949 1,333 1,966 31,453 Total Other Expenses 214,649 Net Income 214,649
