Financial

Income After Taxes and Forecasting

Net Income after taxes note to the financial statements

This note will disoclose the dollar amount your company is forecasting for a net income after tax in each business year. Below provides an example of the net income after taxes note to the financial statements.

Net Income After Tax:
The following amounts summarize B&K's forecasted net income after taxes for 200X and 200Y. These values can be seen on the company's forecasted income statements.

Categories: Financial

Example of Gross Profit Margin and Forecasting

Gross Margin Per Unit note to the financial statements

This note usually lists all the items needed in calculating the gross margin. Moreover, your forecasted cost of goods sold per unit would be subtracted from your forecasted selling price per unit each year to arrive at your company's forecasted gross margin per unit for each of the forecasted years. Below is an example of a gross margin note.

Categories: Financial

Example of Fixed Asset and Forecasting

Fixed Asset Purchases note to the financial statements

This note should list all the fixed assets the company intends to purchase in each of the forecasted business years. In addition, be sure to show each fixed assets' after tax cost. Below provides an example of a typical fixed asset note.

Categories: Financial

Capital Account for Sole Proprietors, Partnerships and Corporations

Owner(s) Capital Account note to the financial statements

The "Capital" account appears under the equity section of an unincorporated company's balance sheet. It tallies the owner's investments, profits made from operations, and cash drawings of each owner of a sole proprietorship or a partnership. Moreover, an owner's capital account note will show a reader all expected activities within the account. Furthermore, this note should provide detailed information on how you arrived at the ending capital account balances in your forecasted financial statements.

Categories: Financial

Example of Long-term Loans and Forecasting

Long-term Debt (mortgages) note to the financial statements

A long term loan is a loan that is due in a period longer than one year. Long term loans may include mortgage on building, mortgage on land, mortgage on vehicle, general long-term bank loan, long-term loan from a family member, a long-term loan provided by the government, etc...

Categories: Financial

Example of Accounts Payable

Accounts Payable note to the financial statements

This note predicts much money is owed to general businesses (vendors) at the end of each business year and who it is owed to. Remember, accounts payable includes money owed to general vendors such as office supply stores, computer stores, utilities companies, and even the government for employer costs, etc... Below provides a simple example of an accounts payable note to the financial statements.

Categories: Financial

Example of Deprecation Expense and Forecasting

Deprecation Rate and Expense on Fixed Assets note to the financial statements

This note can be setup in many ways.  The objective is to fully explain your method used to depreciate fixed assets (straight line, for example), the useful life of each fixed asset, and the depreciation expense for each forecasted business year. Below provides an example. 

Categories: Financial

Example of a Sales Forecast and Financial Statement

Sales Forecast note to the financial statements

This note usually describes your company's forecasted sales in units per year, your planned selling price (weighted average selling price if you are selling more than one product), and your total forecasted sales (in dollars) per year. An example of the sales forecast note to the forecasted financial statement is as follows;

Sales Forecast:
The following sales forecasts have been developed by the PC Company for the business years, ending December 31, 200X and 200Y.

Categories: Financial

Example of Management & Staffing Budget and Forecasting

Management & Staff note to the financial statements

This note should summarize the number of management and staff your company plans to have. It also should provide the reader with the anticipated salaries and estimated employer costs used within your financial forecast. An example of the management and staffing note is as follows;

Management & Staff:
The number of management and staff , along with their planned salaries, have been forecasted by The JJJ Company for the 200X and 200Y business years.

Categories: Financial

Example of Investments into a Business and Forecasting

Personal Assets Invested by the Owner note

This note will list all assets an owner(s) invests into his/her company. In addition, it will provide appraised values of the assets invested and the name of the company('s) who conducted the appraisal.

Categories: Financial
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