HBM Income Statement

Opening balance + total receipts - total payments

Total receipts - total payments

Opening balance - total payments

It will reduce the cost of purchases

It will reduce the number of people who owe the business money

Will help to cover immediate cash flow problems

Will increase sales meaning more cash coming in

Income Statement & Statement of Financial Position

Cash Budget & Income Statement & Statement of Financial Position

Cash Budget & Statement of Financial Position

Cash Budget & Income Statement

Revenue - Total Costs

Opening balance + Cash available

Revenue - Cost of Sales

Revenue - Fixed Costs

Opening stock + purchases - closing stock

Opening stock + purchases + closing stock

Adding up all of the stock bought during the year

Opening stock - closing stock

calculate the bank balance

calculate closing balance

calculate net assets

calculate profit for the year

Gross profit - expenses

Sales - gross profit

Gross profit - variable costs

Revenue - indirect costs

800

500

700

300

800

500

700

300

reduce expenses

increase cost of sales

reduce sales

increase expenses

Increase sales revenue by advertising more

Reduce expenses by reducing salaries

Reduce costs of production by finding a cheaper supplier

Negotiate with the government to pay less tax