Get Pro-forma Income Statement

The Pro-Forma Income Statement is a vital document used to project the future income of a company. This guide will help you navigate the process of filling it out online with clarity and precision.

Follow the steps to accurately complete your Pro-Forma Income Statement.

1. Click the ‘Get Form’ button to retrieve the Pro-Forma Income Statement and open it in your preferred editor.
2. Begin by entering the revenue data. Input the gross sales amounts for each year from 2000 to 2003. Deduct any sales returns and allowances to calculate your net sales for each respective year.
3. Next, move to the cost of sales section. Start with the beginning inventory and add the goods purchased or manufactured. Calculate the total goods available. Subtract the ending inventory to find the total cost of goods sold for each year.
4. Once you have the cost of goods sold, calculate the gross profit (loss) by subtracting it from the net sales for each year.
5. Proceed to fill out the operating expenses. Break this down into selling expenses and general/administrative expenses. For selling expenses, input all relevant costs such as salaries, commissions, advertising, and depreciation.
6. For general/administrative expenses, include salaries, benefits, taxes, insurance, and other relevant costs. Ensure that you tally both selling and general/administrative expenses to find the total operating expenses.
7. Now, compute the net income before taxes by subtracting total operating expenses from gross profit. Then, apply any taxes on income to determine the net income after taxes.
8. Finally, review all entries for accuracy. Once satisfied, save your changes, and you can opt to download, print, or share the completed Pro-Forma Income Statement.

Start filling out your Pro-Forma Income Statement online today for accurate financial projections.