Free Cleaning Services Financial Statement Template
Cleaning Services Financial Statement
This financial statement provides a comprehensive overview of our financial performance for the year, showcasing our strong revenue growth, prudent cost management, and solid financial position as we continue to serve our clients with high-quality cleaning services.
Income Statement
|
Revenue |
|
|
Residential Cleaning |
550,000 |
|
Commercial Cleaning |
320,000 |
|
Specialized Services |
230,000 |
|
Total Revenue |
1,100,000 |
|
Cost of Goods Sold (COGS) |
|
|
Labor Costs |
460,000 |
|
Supplies |
160,000 |
|
Equipment Maintenance |
80,000 |
|
Total COGS |
700,000 |
|
Gross Profit |
400,000 |
|
Operating Expenses |
|
|
Administrative Salaries |
90,000 |
|
Marketing Expenses |
70,000 |
|
Rent |
30,000 |
|
Utilities |
10,000 |
|
Total Operating Expenses |
200,000 |
|
Net Income Before Taxes |
200,000 |
|
Income Tax Expense (20%) |
40,000 |
|
Net Income |
160,000 |
Balance Sheet
|
Current Assets |
|
|
Cash and Cash Equivalents |
100,000 |
|
Accounts Receivable |
50,000 |
|
Inventory (Supplies) |
20,000 |
|
Total Current Assets |
170,000 |
|
Fixed Assets |
|
|
Equipment (net of depreciation) |
120,000 |
|
Total Fixed Assets |
120,000 |
|
Total Assets |
290,000 |
|
Liabilities and Equity |
|
|
Current Liabilities |
|
|
Accounts Payable |
30,000 |
|
Accrued Expenses |
20,000 |
|
Total Current Liabilities |
50,000 |
|
Equity |
|
|
Retained Earnings |
240,000 |
|
Total Equity |
240,000 |
|
Total Liabilities and Equity |
290,000 |
Cash Flow Statement
|
Cash Flows from Operating Activities |
|
|
Net Income |
160,000 |
|
Adjustments for: |
|
|
Depreciation |
20,000 |
|
Changes in Working Capital |
(30,000) |
|
Net Cash Provided by Operating Activities |
150,000 |
|
Cash Flows from Investing Activities |
|
|
Purchase of Equipment |
(40,000) |
|
Net Cash Used in Investing Activities |
(40,000) |
|
Cash Flows from Financing Activities |
|
|
Loan Repayments |
(10,000) |
|
Net Cash Used in Financing Activities |
(10,000) |
|
Net Increase in Cash |
100,000 |
|
Cash at Beginning of Period |
0 |
|
Cash at End of Period |
100,000 |
