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Appendix 7 - Profit and Loss Statement
Profit And Loss Statement
|
CURRENT PERIOD |
YEAR-TO-DATE |
INCOME
|
|
|
Fee Income
|
$ ___________________
|
$ ___________________
|
Client Expense Income
|
$ ___________________
|
$ ___________________
|
Sublease Rental Income
|
$ ___________________
|
$ ___________________
|
Fee Income
|
$ ___________________
|
$ ___________________
|
Interest Income
|
$ ___________________
|
$ ___________________
|
TOTAL INCOME
|
$ ________________________ |
$ ________________________ |
EXPENSES
|
$ ________________________ |
$ ________________________ |
Shareholder Compensation
|
$ ________________________ |
$ ________________________ |
Advertising
|
$ ___________________
|
$ ___________________
|
Postage
|
$ ___________________
|
$ ___________________
|
Telephone
|
$ ___________________
|
$ ___________________
|
Fax
|
$ ___________________
|
$ ___________________
|
Total Communications Expenses
|
$ ________________________ |
$ ________________________ |
Associate Expenses
|
$ ___________________
|
$ ___________________
|
Staff Salaries
|
$ ___________________
|
$ ___________________
|
Employer's Taxes
|
$ ___________________
|
$ ___________________
|
Group Benefits
|
$ ___________________
|
$ ___________________
|
Cantract Services
|
$ ___________________
|
$ ___________________
|
Parking/Office
|
$ ___________________
|
$ ___________________
|
Total Employee Expenses
|
$ ________________________ |
$ ___________________
|
WSIB Premiums
|
$ ___________________
|
$ ___________________
|
Multi Peril, Etc.
|
$ ___________________
|
$ ___________________
|
Key Man
|
$ ___________________
|
$ ___________________
|
Professional Services/Others
|
$ ___________________
|
$ ___________________
|
Referral Fees
|
$ ___________________
|
$ ___________________
|
Penalties
|
$ ___________________
|
$ ___________________
|
Total Insurance, Tax & Fee Expenses
|
$ ________________________ |
$ ________________________ |
Rent - Office/Basement
|
$ ___________________
|
$ ___________________
|
Utilities
|
$ ___________________
|
$ ___________________
|
Total Occupancy Expenses
|
$ ________________________ |
$ ________________________ |
Client Expenses
|
$ ___________________
|
$ ___________________
|
Accounting
|
$ ___________________
|
$ ___________________
|
Auto Expense
|
$ ___________________
|
$ ___________________
|
Bank Charges
|
$ ___________________
|
$ ___________________
|
Delivery Expense
|
$ ___________________
|
$ ___________________
|
Firm Business Meals
|
$ ___________________
|
$ ___________________
|
Filing Fees/Firm Expense
|
$ ___________________
|
$ ___________________
|
Internet Fees
|
$ ___________________
|
$ ___________________
|
Lease Equipment
|
$ ___________________
|
|
Library
|
$ ___________________
|
$ ___________________
|
Maintenance - Equipment
|
$ ___________________
|
$ ___________________
|
Parking
|
$ ___________________
|
$ ___________________
|
Reproduction - Equipment
|
$ ___________________
|
$ ___________________
|
Subscription
|
$ ___________________
|
$ ___________________
|
Supplies
|
$ ___________________
|
$ ___________________
|
Total Office Expenses
|
$ ________________________ |
$ ___________________
|
Annual Functions
|
$ ___________________
|
$ ___________________
|
Continuing Legal Education (CLE)
|
$ ___________________
|
$ ___________________
|
Client Development
|
$ ___________________
|
$ ___________________
|
Professional Fees/Dues
|
$ ___________________
|
$ ___________________
|
Entertainment
|
$ ___________________
|
$ ___________________
|
Gifts
|
$ ___________________
|
$ ___________________
|
Total Professional Activities Expenses
|
$ ________________________ |
$ ________________________ |
Contributions
|
$ ___________________
|
$ ___________________
|
Interest
|
$ ___________________
|
$ ___________________
|
Total Miscellaneous Expenses
|
$ ________________________ |
$ ________________________ |
TOTAL EXPENSES
|
$ ________________________ |
$ ________________________ |
OPERATING INCOME
|
$ ________________________ |
$ ________________________ |
Terms or Concepts Explained