Business Income Information Form

Business Revenue (Income)

Gross Sales (Revenue or Gross Income received):

GST/HST is included in the value above:

Cost of Goods Sold and Gross Profit

1. Opening inventory (Total cost of items/materials for sale/use at the beginning of the year):

2. Total purchases of items for sale or materials to use during the year (Fuel cost if Truck Transportation):

3. Closing Inventory (Total cost of items/materials for sale/use at the end of the year):

Cost of Goods Sold (1+2-3):

Expenses

Advertising and Promotional Expenses:

Automobile Expenses (Total for Gas, Lease, Maintenance and Repair, Parking):

Automobile Expenses (Total for Insurance and Tolls):

Bank Service Fees:

Computer Related Expenses (Supplies, Software, Subscriptions, Internet):

Meals and Entertainment:

Insurance Expenses (Commercial, Liability, WSIB and other business related):

Interest Expenses:

Business taxes, Licences, Dues, Memberships and Subscriptions:

Office Supplies:

Legal, Accounting and Other Professional Fees:

Management and Administration Fees or paid Comissions:

Rent or Lease Expenses (Property or Equipment except motor vehicle):

Maintenance and Repairs (Property or Equipment):

Salaries, Wages and Benefits (Including Payroll Taxes):

Small Tools and Supplies:

Property Taxes (For Business Property):

Travel Expenses (Transportation and Accomodation Cost):

Telephone and Internet Expenses (if included):

Subcontractors Expenses:

Postage and Freight Delivery Expenses:

Utility Expenses (Heat, Electricity, Waste, etc):

Other Expenses

Equipment Purchased

Balances at End of Period

Total Balance on Bank account(s) plus cash if any (Balance at your bank account on the end of period):

Accounts Receivable if any (Amount of your Income you calculate as Revenue but did not received yet):

Accounts Payable if any(Amount of your Expenses you calculate as an expense but did not paid it yet):

Income and Expenses for Financial Statement