Revenue & Expense Summary For Home Based Business

Name of the business

Address if different from the home address

Business Number

Type of business operation & start date

 

Income

 

 
 

Minus GST & PST if included in above

 
-

 
 

Gross Income
 

Cost Of Goods Sold
 
 

Opening Inventory
 

Purchases
 

Minus Closing Inventory
 

Total Cost Of Goods Sold
 

Gross Profit
 

 

Expenses

Advertising
 

Bad Debts
 

Business tax, licenses, fee, dues
 

Delivery, freight
 

Interest
 

Insurance (WCB)
 

Maintenance & Repairs
 

Management & administration fees
 

Meals, entertainment (100%)
 

Office Expense
 

Supplies
 

Legal, accounting & other professional fees
 

Property tax (if property solely used for business)
 

Rent (if separate facility rented solely for business)
 

Salaries, wages & benefits
 

Travel
 

Telephone
 

Utilities
 

Total Expenses:
 

Net Income (before adjustments):
 

Motor Vehicle Expense

Gas, Fuel

 

Maintenance, repairs

 

Lease

 

Insurance

 

Parking

 

 
 
 

Total

 

Total Kms for business

 

Total Kms for the year

 

Capital Cost Allowance

Equipment additions

 

Vehicle additions

 

Computer additions

 

Tools over $500 additions

 

 
 
 

Home Office

Heat

 

Electricity

 

Insurance

 

Repairs, maintenance

 

Mortgage interest

 

Property tax

 

Water, sewer

 

Rent

 

Strata Fees

 

 

Total

 

Sq.ft.used for busines

 

Total sq.ft.

 

 

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