Profit and Loss Categories.PDF

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Profit and Loss Categories for Piano Teachers Income Streams Tui%on Tui%on Discounts Tui%on Refunds Unapplied Cash Payment Income (if any) Uncategorized Income Total Income Gross Profit Expenses Adver%sing Auto Bad Debts Charitable Contribu%ons Contract Labor Credit Card Fees Dues & Subscrip%ons Educa%on & Training GiIs Income Tax Paid Instruments Insurance Interest Paid (various subcategories here) Lease Expense (if any) Legal & Professional Fees License Expense Meals and Entertainment Merchant Fees (subcategories possibly here) Office Supplies Total Merchant Fees Music Office Expenses Awards and Trophies Hall Rentals Total Office Expenses Taxes & Licenses Travel Travel Meals U>li>es Total Expenses Net Opera>ng Income Total Income Total Other Income Net Other Income Net Income Kris%n Yost l www.Kris%nYost.com l kris%[email protected] l @MusicalMinds

Transcript of Profit and Loss Categories.PDF

Page 1: Profit and Loss Categories.PDF

Profit  and  Loss  Categories  for  Piano  Teachers  

!Income  Streams     Tui%on     Tui%on  Discounts     Tui%on  Refunds     Unapplied  Cash  Payment  Income  (if  any)     Uncategorized  Income  Total  Income Gross  Profit  Expenses     Adver%sing     Auto     Bad  Debts     Charitable  Contribu%ons     Contract  Labor     Credit  Card  Fees     Dues  &  Subscrip%ons     Educa%on  &  Training     GiIs     Income  Tax  Paid     Instruments     Insurance     Interest  Paid  (various  subcategories  here)       Lease  Expense  (if  any)     Legal  &  Professional  Fees       License  Expense     Meals  and  Entertainment     Merchant  Fees  (subcategories  possibly  here)       Office  Supplies       Total  Merchant  Fees  Music  Office  Expenses     Awards  and  Trophies     Hall  Rentals  Total  Office  Expenses  Taxes  &  Licenses  Travel  Travel  Meals  U>li>es  Total  Expenses  Net  Opera>ng  Income  Total  Income  Total  Other  Income  Net  Other  Income  Net  Income  !!!!

Kris%n  Yost      l      www.Kris%nYost.com        l      kris%[email protected]      l      @MusicalMinds