This report compares your actual profit and loss for a specific accounting period with a depiction of what your profit and loss would have looked like if you had met your budgeted activity during the same period.
More Details about the Profit & Loss (Budget Analysis) Report
Selected Period | Budgeted | £ Difference | % Difference | |||
_____________________________________________________________________________ | ||||||
Income | 6 | |||||
Sales | ||||||
Retail Sales | £5,318.00 | £5,000.00 | £318.00 | 6.3% | ||
Wholesale Sales | £1,567.50 | £1,500.00 | £67.50 | 6.3% | ||
Consignment Sales | £2,000.00 | £2,500.00 | (£500.00) | (2.0%) | ||
Total Income | £8,885.50 | £9,000.00 | (£114.50) | (1.2%) | ||
Cost of Sales | ||||||
Retail Cost of Sales | £3,419.31 | £3,000.00 | £419.31 | 1.4% | ||
Wholesale Cost of Sales | £1,001.33 | £1,000.00 | £1.33 | 0.01% | ||
Total Cost of Sales | £4,420.64 | £4,000.00 | £420.64 | 10.5% | ||
Gross Profit | £4,464.86 | £5,000.00 | (£535.14) | (10.7%) | ||
Expenses | ||||||
Car & Truck Expenses | £100.00 | £125.00 | (£25.00) | (20.5% | ||
Carriage Paid | £48.95 | £75.00 | (£26.05) | (34.7%) | ||
Insurance (other than health) | £45.00 | £50.00 | (£5.00) | (10.0%) | ||
Interest | ||||||
Other Interest | £750.00 | £750.00 | £0.00 | NA | ||
Legal & Professional Services | £178.90 | £250.00 | (£71.10) | (28.4%) | ||
Lease Expenses | ||||||
Machinery & Equipment | £100.00 | £120.00 | (£20.00) | (16.7%) | ||
Other Business Property | £12.00 | £20.00 | (£8.00) | (40.0%) | ||
Supplies | £150.00 | £150.00 | £0.00 | NA | ||
VAT | £50.00 | £75.00 | (£25.00) | (33.3%) | ||
Travel, Meals & Entertainment | ||||||
Meals & Entertainment | £1,000.00 | £1,500.00 | (£500.00) | (33.3%) | ||
Utilities | £450.00 | £400.00 | £50.00 | 12.5% | ||
Wages Paid | £750.00 | £700.00 | £50.00 | 7.1% | ||
Total Expenses | £3,634.85 | £4,215.00 | (£580.15) | (13.8%) | ||
Operating Profit | £830.01 | £785.00 | £45.01 | 5.7% | ||
Other Income | ||||||
Other Expenses | ||||||
Net Profit/(Loss) | £830.01 | £785.00 | £45.01 | 5.7% |