Sample Monthly Report - White Label Smith Accounting

Company: ​Sample Company
Time Period:​October 2015
Bookkeeping Report
October 2015
What’s in this report?
● Quick Reports
● Notes from your accountant
● Basic Financial Reports
● Custom Financial Reports
Remember! If you have any questions about your reports, simply make a comment in your
dashboard, send us an email, or schedule a meeting!

Company: ​Sample Company
Time Period:​October 2015
Quick Reports
Income Analysis
“Where is most of my
revenue coming from?”
Your revenue is 68%
from commercial
services and 32% from
residential services.
Expense Analysis
“Where am I spending most
of my money?”
Your biggest expense is
payroll, which is
perfectly normal in
your industry.
Business Analysis
“How is my business doing?”
Your net profit margin
was 5% for October
2015. That’s higher than
the 3 year industry
average!
Remember! If you have any questions about your reports, simply make a comment in your
dashboard, send us an email, or schedule a meeting!

Company: ​Sample Company
Time Period:​October 2015
Notes From Your Accountant...
Ask Client Expenses​– There are some transactions in your “Ask Client
Transactions” Report. These are transactions that we could not categorize
without more information about the expense. Please review this report and
provide any necessary information for us to be able to categorize these.
Expense Trends​- We noticed your Office Expenses were higher this month
than previous months. We suggest keeping an eye on your overhead!
Budget​- You exceeded your estimated profit budget by 595%. This means
you made almost $1,000 more than you planned!
Payroll ​– This month’s payroll data was detailed and reconciled in your
accounting. If you’d like to see more details, you can run the “Payroll Detail”
report under the “Custom Reports” section of your QBO account.
Loan Balances​– Balances for your loans have been updated using the most
recent statements you provided.
Reconciliations​- The following accounts were reconciled using the most
recent statement provided by the bank or credit card.
● Checking was reconciled as of October 31, 2015
● Savings was reconciled as of October 31, 2015
● Credit Card was reconciled as of October 16, 2015
Remember! If you have any questions about your reports, simply make a comment in your
dashboard, send us an email, or schedule a meeting!

Sample Account
PROFIT AND LOSS
October 2015
TOTAL
Income
Commercial 14,742.40
Residential 8,337.60
Total Income $23,080.00
Cost of Goods Sold
Franchise Fees 2,378.00
Total Cost of Goods Sold $2,378.00
Gross Profit $20,702.00
Expenses
Advertising/Promotional 679.00
Automobile Expenses 1,730.00
Bank Charges 35.00
Dues & subscriptions 200.00
Equipment Rental 684.00
Insurance 200.01
Interest Paid 121.00
Laundry & Uniforms 261.00
Legal & Professional Fees 400.00
Meals & Entertainment 56.00
Office/General Administrative Expenses 596.00
Payroll Expenses 11,462.00
Rent 1,600.00
Taxes & Licenses 392.00
Travel 198.00
Utilities 842.00
Total Expenses $19,456.01
Net Operating Income $1,245.99
Other Expenses
Ask Client 55.99
Total Other Expenses $55.99
Net Other Income $ ­55.99
Net Income $1,190.00
Cash Basis

Sample Account
BALANCE SHEET
As of October 31, 2015
TOTAL
ASSETS
Current Assets
Bank Accounts
Checking 51,190.00
Total Bank Accounts $51,190.00
Total Current Assets $51,190.00
Fixed Assets
Equipment Assets 15,000.00
Intangible Assets ­ Franchise Fees 10,000.00
Total Fixed Assets $25,000.00
TOTAL ASSETS $76,190.00
LIABILITIES AND EQUITY
Liabilities
Long­Term Liabilities
Start Up Loan 55,000.00
Total Long­Term Liabilities $55,000.00
Total Liabilities $55,000.00
Equity
Owner's Equity 20,000.00
Retained Earnings
Net Income 1,190.00
Total Equity $21,190.00
TOTAL LIABILITIES AND EQUITY $76,190.00
Cash Basis

Sample Account
TRANSACTION REPORT
October 2015
DATE TRANSACTION TYPE NUM NAME MEMO/DESCRIPTION ACCOUNT SPLIT AMOUNT BALANCE
Ask Client
10/15/2015 Journal Entry SampleData Amazon.com Purchase Ask Client ­Split­ 55.99 55.99
Total for Ask Client
$55.99
TOTAL
$55.99
Cash Basis

Sample Account
BUDGET VS ACTUALS
October 2015
TOTAL
ACTUAL BUDGET OVER BUDGET % OF BUDGET
Income
Commercial 14,742.40 14,742.40
Residential 8,337.60 8,337.60
Services 22,000.00 ­22,000.00
Total Income $23,080.00 $22,000.00 $1,080.00 104.91 %
Cost of Goods Sold
Franchise Fees 2,378.00 2,200.00 178.00 108.09 %
Total Cost of Goods Sold $2,378.00 $2,200.00 $178.00 108.09 %
Gross Profit $20,702.00 $19,800.00 $902.00 104.56 %
Expenses
Advertising/Promotional 679.00 700.00 ­21.00 97.00 %
Automobile Expenses 1,730.00 1,500.00 230.00 115.33 %
Bank Charges 35.00 35.00
Dues & subscriptions 200.00 100.00 100.00 200.00 %
Equipment Rental 684.00 500.00 184.00 136.80 %
Insurance 200.01 300.00 ­99.99 66.67 %
Interest Paid 121.00 121.00
Laundry & Uniforms 261.00 250.00 11.00 104.40 %
Legal & Professional Fees 400.00 500.00 ­100.00 80.00 %
Meals & Entertainment 56.00 100.00 ­44.00 56.00 %
Office/General Administrative Expenses 596.00 600.00 ­4.00 99.33 %
Payroll Expenses 11,462.00 12,000.00 ­538.00 95.52 %
Rent 1,600.00 1,600.00 0.00 100.00 %
Taxes & Licenses 392.00 400.00 ­8.00 98.00 %
Travel 198.00 150.00 48.00 132.00 %
Utilities 842.00 900.00 ­58.00 93.56 %
Total Expenses $19,456.01 $19,600.00 $ ­143.99 99.27 %
Net Operating Income $1,245.99 $200.00 $1,045.99 623.00 %
Other Expenses
Ask Client 55.99 55.99
Total Other Expenses $55.99 $0.00 $55.99 0.00%
Net Other Income $ ­55.99 $0.00 $ ­55.99 0.00%
Net Income $1,190.00 $200.00 $990.00 595.00 %
Cash Basis