Projected Income Statement Template

Every business, whether corporate or personal, would need to have a projected income statement. This is an important activity as the projected income statement allows the business or individual to have an estimate of how the financial status of his business is.

The projected income statement is a financial document that offers financial information about the business. The actual statement is compiled on a monthly or yearly basis but a projected income statement will record the current month and year-to-date estimated figures and their percentages.

The main pieces of information in the projected income statement are similar to that in an actual income statement. It has revenue, cost of sales, operating expenses, net income or loss sections. Each section registers the financial details related to that section that affects the financial status of the business.

The projected income statement also has two columns to compare the financial values for the current month and year-to-date. Each column records the amount and percentage for every item listed under the different categories.

The projected Income Statement template may contain:

* Company Name

* Company Address

* Income Statement Date

* Period ending date

* Revenue

* Gross sales

* Net sales

* Cost of Sales

* Inventory

* Operating Expenses

*Selling expenses

*General / Administrative expenses

* Net Income / Loss

Depending on the computation among the Revenue, Cost of Sales and Operating Expenses, the projected Income Statement will register a Loss or Profit.

Consider the attached sample template for your convenience

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Profit and Loss Statement Template

A profit and loss statement is an important piece of document to display the financial health of the business. It can be used for any size of business.

A profit and loss statement can be generated on a monthly basis or a yearly basis to track the company’s financial status and operation. It is an important piece of financial document that reflects the business’ financial state.

A profit and loss statement states whether the business is making money or not, and where the money is spent. It is usually performed on an annual basis depending on the financial year of the business.

A profit and loss statement is normally drawn up on a page unless the business has plenty of components to display in its major columns of income and expenses. There would be a net income and net expenses at the end of each column. At the very bottom is the Profit or Loss column which reflects the final financial status of the company.

The profit and loss statement template may contain:

* Company Name

* Company Address

* Financial year of company

* Income

* Expenses

* Total income

* Total expenses

* Profit or Loss

The Income and Expenses figures are place on the second column while the Total Income/Total Expenses and Profit/Loss figures are placed on the third column.

Income is accrued from sales while Expenses are made up from depreciation, wages, charges and others.

Consider the attached sample template for your convenience.

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Problem Statement Template

Everyone has problems in their lives; some problems are more urgent than others. Problem solving is a skill that all should have but not necessarily acquired by all. Nevertheless, problem solving skill is a great tool that one can be equipped with to overcome problems that may surface in our lives.

If you are unsure of how to solve a problem in your life, you can start off with acquiring some basic problem solving skills. One such skill is to use the problem statement.

A problem statement allows you to write out the current problem or issue on hand for a clearer identification and declaration before working on a solution. Acknowledgement of the problem is very important to solving any problem.

Relevant questions can be posed to direct your thoughts on the disturbing issue that can narrow down the problem on hand; this may even lead to a solution when the right questions are posed.

A problem statement template can have the following components of information:

* Description of current issue

* Date of issue

* Effects from issue

* Controversies

* Status Quo

* De-stabilizing moments

* Theories

* Perceptions

* Consequences

* Resolutions

Writing down your thoughts on the current issue is the best and first step towards solving your problem. When you can read out the problem on hand, you will be more open to receive solutions outside the box. You will have a wider angle of solution.

Consider the attached sample template for your convenience.

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Pro-forma Income Statement Template

Every business, whether big or small, has to make use of a pro-forma income statement which is a crucial piece of financial document that reflects the business’ financial state. It displays the financial figures of monies flowing in and out of the business.

A pro-forma income statement is like a historical income statement; it projects the future figures instead of the past year figures for the company. It works like a budget tool for planning the future operations of the company. These kinds of projection allow the company to adjust quickly to the changes impacting the business to lessen the adverse effect.

Pro-forma income statements help to determine if expenses are expected to be higher in one quarter than the future quarters. They help to determine if sales will be higher than expected on any month or the year. All these kinds of information help the company decision makers to make the right business decisions.

The basic information found in a pro-forma income statement has revenue, cost of sales, operating expenses, net income or loss. Each of these categories registers the details covered. Every cent in and out of the company is recorded for good accountability.

The pro-forma income statement template may contain:

* Company Name

* Company Address

* Income Statement Date

* Period ending date for various years’ comparisons / projections

* Revenue

* Cost of Sales

* Operating Expenses

* Net Income / Loss

Consider the attached sample template for your convenience.

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Positioning Statement Template

A positioning statement is very much like a mission and vision statement of a company to identify its core business values for greater efficiency.

Businesses function very different today than yesterday; the stiff competition keeps them alert to the way business is being performed as the corporate authority keeps looking at ways to improve their business operations.

A positioning statement allows the company to express the efficiency, business visibility and independence on various components that affect the business such as: objective, goals, operations, productivity and current issues.

The goals and objectives must be identified clearly which should also be achievable for the company. They are to assist the company in progressing to another level in their business.

A positioning statement spells out what the company business is all about and how to go about it by all involved parties. This will enable a united working community to achieve the stated goals and objectives.

Current issues can be identified and evaluated on effectiveness and efficiency before considering better solutions to be adopted. Case studies can be considered to pick up a lesson or two for greater ideas.

A positioning statement template can have the following components of information:

* Company Name & Address

* Vision statement

* Positioning statement

* Value Proposition

* Key messages

* Proof points

For every value proposition, you can consider:

* Efficiency

* Business visibility

* Independence

Certain software tools can be incorporated to work the positioning statement.

Consider the attached sample template for your convenience.

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Personal Statement Template

It is a good practice for every individual to consider a personal statement to track his own financial situation. Like every business, whether big or small, a financial statement records the financial status of the entity. Hence, an individual with a personal statement can always have a financial reference of his financial status.

A personal statement can be very simple and straightforward in its structure and format. It records the financial transactions of the individual to reflect and confirm the individual’s financial health. A financial statement is usually compiled for the year but for an individual, it is best to track the individual transactions immediately before losing track.

There are only 2 basic sections of information in a personal statement; namely, income and liabilities. Income records the flow in of assets while liabilities refer to the debt incurred or outstanding.

The personal statement template may contain:

* Individual’s Name

* Personal statement date

* Income

* Savings account

* Checking account

* Deposits

* Stocks & bonds

* Insurances

* Real estate

* Retirement funds

* Personal property

* Liabilities

* Current debt

* Notes Payable

* Taxes Payable

* Mortgages

* Total Assets

* Total Liabilities

Although it may be a personal statement which simply reflects the individual’s assets and liabilities, it is a good practice to keep a personal statement to ensure that the financial status of the individual is monitored to avoid possible adverse financial condition.

Consider the attached sample template for your convenience.

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Monthly Profit and Loss Statement Template

Every business is set up to make money regardless of its size. It grows from small to big when it garners more profit over time depending on its marketing strategies and product offerings.

Every business would require a monthly profit and loss statement to track its financial status and its operation every month. Hence, the monthly profit and loss statement is an important piece of financial document that reflects the business’ financial state; it shows whether the business is making money or not, and where the money is spent.

A monthly profit and loss statement is drawn up with 12 columns, each column recording the various months of the year. At each column, it records the revenue and operating expenses with a Year-to-date column at the far right.

The revenue section of the monthly profit and loss statement records all the sales that have been conducted by the company in every month. It takes off the purchase of goods or materials to obtain the net revenue to the company. The operating expenses section identifies the components that incur a cash outflow like salaries, rent, travel, advertising and depreciation expenses.

The monthly profit and loss Statement template may contain:

* Company Name

* Company Address

* Profit and Loss Year

* Revenue

* Operating expenses

* Months of the Year

* Year to date

* Net Income

* Interest

An accurate record entry and keeping of this document is crucial.

Consider the attached sample template for your convenience.

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Mission Statement Template

Companies operate very different today than a decade ago. Today, companies are very mindful of the stiff competition they face in business and are always alert to improve their services, goods and image to gain more profit. The tool that is used to keep companies on track in their quest is the mission statement of the company.

A mission statement of a company expresses the seriousness of the company in identifying its goals and objectives to bring the company up to another level in the business environment. It must fit the company’s image and scope of operation with a total buy-in from all levels of management and employees.

A mission statement lists out the objective that the company wants to achieve in relation to its services, goods, products, image, customers and even suppliers. The mission statement serves as the standard of excellence for the company to achieve in order to win the favor and confidence of its customers and all other parties who work with it in one way or another.

A mission statement can be very simple and is usually stated in sentence form. There may be point forms to identify the sub-sections of achievement depending on the size of the company and its goals for improvement.

A mission statement template can have the following components of information:

* Company Name & Address

* Purpose of Existence

* Direction of progress

* Identification of resources

* Commitment of personnel

* Commencement date

Consider the attached sample template for your convenience.

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Method Statement Template

When a piece of major works is expected to be undertaken, the assigned contractor is expected to submit a method statement for scrutiny and approval before the works commence. This method statement gives an overview of the works to be undertaken and the methods that will be deployed. This necessity is due to the nature of the works where security is of utmost importance, like in a construction, electrical wirings or demolition works.

A method statement identifies the various activities related to the work that is to commence, with the required or expected personnel involved. The involved personnel’s roles must be identified with a supervisor who is to oversee the job and be responsible for the satisfactory completion of the job.

A method statement will also identify the key plants, materials and tools necessary for the success of the job. A sequence of operations may be listed out to confirm the flow of tasks related to the work identified. Hazardous substances, protective gear, first aid facilities and other related services must be identified before work can commence to avoid mishaps during the work in progress.

Among the information on a method statement template are:

* Company Name & Address

* Proposed Work

* Proposed site

* Commencement date

* End Date

* Human resources & responsibilities

* Identification of hazardous substances

* Identification of protective gear

* Availability of first aid facilities

* Key materials and tools required

* Trainings

Consider the attached sample template for your convenience.

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Invoice Statement Template

Invoice statements are really invoices which a business generates to its customers for the remittance of payment. An invoice statement may lists out several transactions together that have been undertaken by the company for its clients.

The company will use an invoice statement to display all transactions’ information to demand payment from the customer after the business transaction between two companies is verified. This is to avoid future dispute. An invoice statement is usually made out for some goods sold or services rendered, like repair job.

An invoice statement template header may display:

* Company’s name and logo

* Company’s full mailing address & contact number

* Customer / Recipient’s full name

* Customer / Recipient’s full address and contact information

* Invoice Number

* Delivery Order Number Reference

* Customer’s Identification Code

* Accounts Summary

* Remittance information

* Billing information

The above information establishes the business relationship between the two companies.

The body of the Invoice template records the account activity information such as:

* Date of transaction

* Item number

* Type of transaction

* Invoice

* Payment

* Balance

* Due Date for Payment

* Mode of Payment (Terms: 30 days, Cash)

There can be notes of information or conditions attached at the bottom of the invoice statement as a reminder to the customer. The invoice statement which gives an overview of all transactions and invoices generated to the customer can be generated weekly, biweekly and monthly.

Consider the attached sample template for your convenience.

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