Financial Tools

Period Starting: Jan Feb Mar Apr May
Sales
Product 1 $5,600 $6,350 $5,100 $6,850 $8,600
Budget $4,790 $5,678 $4,754 $6,501 $7,744
Over / (Under Budget) $810 $672 $346 $349 $856
Product 2 $3,600 $4,350 $16,400 $16,830 $17,260

Budget $5,595 $5,678 $9,754 $9,168 $18,748
Over / (Under Budget) ($1,995) ($1,328) $6,646 $7,662 ($1,488)
Product 3 $14,600 $25,350 $25,100 $26,850 $32,100

Budget $5,895 $3,678 $5,754 $7,501 $9,431
Over / (Under Budget) $8,705 $21,672 $19,346 $19,349 $22,670
Product 4 $16,850 $17,690 $18,830 $19,260 $20,690

Budget $8,895 $14,678 $7,754 $6,501 $9,431
Product 5 $78,600 $88,750 $89,002 $86,850 $96,400

Budget $68,595 $78,595 $78,754 $86,501 $77,744
Over / (Under Budget) $10,005 $10,155 $10,248 $349 $18,656
Product 6 $36,000 $43,350 $45,100 $46,850 $56,400

Budget $15,754 $16,501 $15,744 $14,987 $14,982
Total Sales 155,250 185,840 199,532 203,490 231,450

Total Sales Budget 109,524 124,808 122,514 131,159 138,079
Total Over / (Under Budget) $45,726 $61,032 $77,018 $72,331 $93,372
© Copyright, 2006, JaxWorks, All Rights Reserved.

Less Cost of Goods Sold
Materials $3,168 $3,748 $4,327 $4,907 $5,486
Budget $1,595 $1,678 $4,754 $6,501 $8,081
Over / (Under Budget) $1,573 $2,070 ($427) ($1,595) ($2,595)
Labor $16,400 $16,830 $17,260 $17,690 $15,600

Budget $4,754 $6,501 $8,081 $9,845 $10,976
Overhead $11,320 $13,209 $15,099 $16,988 $18,878

Budget $2,754 $3,168 $3,748 $4,327 $4,907
Other $9,845 $10,976 $11,232 $14,323 $15,434

Budget $4,327 $4,907 $9,845 $10,976 $11,232
Total Cost of Goods Sold $40,733 $44,763 $47,918 $53,908 $55,398

Total COG Budget $13,430 $16,254 $26,427 $31,649 $35,195
Gross Profit $114,517 $141,077 $151,614 $149,582 $176,053

Gross Profit Budget $90,567 $95,987 $123,456 $141,587 $158,032
GP Budget Total Over / (Under Budget) $23,950 $45,090 $28,158 $7,995 $18,021
Operating Expenses
G&A Expenses
Operating Expenses $5,600 $5,850 $5,900 $6,850 $8,600
Budget $6,012 $6,045 $6,356 $6,501 $7,744
Over / (Under Budget) ($412) ($195) ($456) $349 $856
Payroll Salaries $10,350 $12,100 $13,850 $15,600 $17,350

Budget $7,744 $9,845 $10,976 $11,232 $14,323
Total G&A Expenses $15,950 $17,950 $19,750 $22,450 $25,950

Total G&A Budget $13,756 $15,890 $17,332 $17,733 $22,067
Sales Expenses
Budget $6,012 $6,045 $6,356 $6,501 $7,744
Over / (Under Budget) ($512) ($395) $544 $1,249 $706

Budget $7,744 $8,845 $9,276 $10,232 $10,998
Over / (Under Budget) ($2,244) ($3,195) ($2,376) ($2,482) ($2,548)
Total Sales Expenses $11,000 $11,300 $13,800 $15,500 $16,900

Total Sales Expense Budget $13,756 $14,890 $15,632 $16,733 $18,742
Total Over / (Under Budget) ($2,756) ($3,590) ($1,832) ($1,233) ($1,842)

Marketing Expenses
Budget $6,012 $6,045 $6,356 $6,501 $7,744
Over / (Under Budget) ($512) ($395) $544 $1,249 $706

Budget $7,744 $8,845 $9,276 $10,232 $10,998
Total Marketing Expenses $11,100 $12,300 $13,800 $15,300 $17,000

Total Marketing Expense Budget $13,756 $14,890 $15,632 $16,733 $18,742
Total Over / (Under Budget) ($2,656) ($2,590) ($1,832) ($1,433) ($1,742)
Research & Development Expenses

Budget $19,595 $21,678 $23,754 $25,501 $27,581

Budget $19,595 $21,678 $23,754 $25,501 $27,581
Total Research & Development Expenses $56,756 $62,360 $65,448 $70,663 $78,222
Total R&D Expenses Budget $39,190 $43,356 $47,508 $51,002 $55,161
Total Operating Expenses $94,806 $103,910 $112,798 $123,913 $138,072

Total Payroll Salaries $56,706 $63,025 $68,190 $74,598 $82,832
Total All Operating Expenses

All Operating Expenses $151,512 $166,935 $180,988 $198,511 $220,904
All Operating Expenses Budget $80,458 $89,026 $96,104 $102,201 $114,712
OP Budget Total Over / (Under Budget) $71,054 $77,909 $84,884 $96,310 $106,192
Earnings Before Income Tax $3,738 $18,905 $18,544 $4,979 $10,546

Budget $1,744 $17,845 $17,276 $5,232 $10,998
Over / (Under Budget) $1,994 $1,060 $1,268 ($253) ($452)
Interest income (expense) $10,000 $10,300 $10,609 $10,912 $11,217

Other income (expense) $20,000 $20,600 $21,218 $21,824 $22,433
Total Non-operating Income (expense) $30,000 $30,900 $31,827 $32,736 $33,650
Income (Loss) Before Taxes $33,738 $49,805 $50,371 $37,715 $44,196
Income Taxes $19,121 $24,212 $24,659 $21,135 $23,354
Net Income (Loss) $14,617 $25,594 $25,712 $16,580 $20,842

Budget $41,744 $67,845 $77,276 $55,232 $60,998
Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $82,501 $103,343

Jun Jul Aug Sep Oct Nov Dec Totals
$8,850 $12,100 $13,850 $16,600 $19,100 $21,600 $24,100 $148,700

$8,645 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $124,516
$205 $1,124 $2,618 $2,277 $3,666 $5,057 $6,204 ($24,184)
$17,690 $15,600 $17,350 $8,600 $9,350 $10,100 $10,850 $147,980

$14,327 $14,907 $15,486 $9,066 $10,645 $8,225 $12,804 $134,401
$3,363 $694 $1,864 ($466) ($1,295) $1,876 ($1,954) $13,579
$35,750 $39,400 $43,050 $46,700 $50,350 $54,000 $57,650 $450,900

$11,320 $13,209 $15,099 $16,988 $18,878 $20,767 $22,656 $151,175
$24,430 $26,191 $27,951 $29,712 $31,473 $33,233 $34,994 $299,725
$21,439 $22,364 $23,289 $24,214 $25,139 $26,064 $26,989 $262,818

$11,320 $13,209 $15,099 $16,988 $18,878 $20,767 $22,656 $166,175
$10,119 $9,155 $8,190 $7,226 $6,262 $5,297 $4,333 $96,643
$106,830 $127,260 $137,690 $167,274 $165,240 $193,207 $191,174 $1,528,277

$99,845 $115,976 $126,232 $174,323 $155,434 $196,543 $197,896 $1,456,438
$6,985 $11,284 $11,458 ($7,050) $9,806 ($3,336) ($6,722) $71,839
$66,830 $68,593 $74,166 $79,739 $85,312 $90,885 $96,458 $789,683

$14,676 $14,370 $15,419 $14,323 $15,434 $16,543 $17,896 $186,629
$52,154 $54,223 $58,747 $65,416 $69,878 $74,342 $78,562 $603,054
257,389 285,317 309,395 343,127 354,491 395,856 407,221 3,328,358

160,133 182,648 198,566 246,011 234,702 279,387 291,805 2,219,335
$97,256 $102,670 $110,829 $97,116 $119,789 $116,469 $115,416 $1,109,023

$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $130,835
$9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $118,858
$505 $1,124 $2,618 $1,277 $1,916 $2,557 $2,954 $11,978
$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $192,980

$9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $136,406
$505 $1,124 $2,618 $1,277 $1,916 $2,557 $2,954 $56,575
$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $184,694

$9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $115,152
$505 $1,124 $2,618 $1,277 $1,916 $2,557 $2,954 $69,542
$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $171,010

$9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $137,536
$505 $1,124 $2,618 $1,277 $1,916 $2,557 $2,954 $33,475
$41,400 $48,400 $55,400 $62,400 $69,400 $76,400 $83,400 $679,519

$39,380 $43,904 $44,928 $57,292 $61,736 $66,172 $71,584 $507,951
$2,020 $4,496 $10,472 $5,108 $7,664 $10,228 $11,816 $171,568
$215,989 $236,917 $253,995 $280,727 $285,091 $319,456 $323,821 $2,648,839

$176,085 $194,138 $212,191 $230,244 $248,297 $266,350 $284,403 $2,221,337
$39,904 $42,779 $41,804 $50,483 $36,794 $53,106 $39,418 $427,502
$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $142,000

$9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $128,907
$505 $1,124 $2,618 $1,277 $1,916 $2,557 $2,954 $270,907
$19,100 $20,850 $22,600 $24,350 $26,100 $27,850 $29,600 $239,700

$15,188 $16,642 $18,097 $19,551 $21,006 $22,460 $23,915 $190,977
$3,913 $4,208 $4,504 $4,799 $5,095 $5,390 $5,686 $430,677
$29,450 $32,950 $36,450 $39,950 $43,450 $46,950 $50,450 $381,700

$25,033 $27,618 $29,329 $33,874 $36,440 $39,003 $41,811 $319,884
$4,418 $5,332 $7,122 $6,076 $7,011 $7,947 $8,640 $61,816
$9,250 $10,050 $10,850 $11,650 $12,450 $13,250 $14,050 $115,800

$9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $128,907
($595) ($926) ($382) ($2,673) ($2,984) ($3,293) ($3,846) $244,707
$9,250 $12,050 $11,993 $13,007 $14,021 $15,036 $16,050 $125,657

$11,788 $12,577 $13,367 $14,156 $14,946 $15,735 $16,525 $146,187
($2,538) ($527) ($1,374) ($1,149) ($924) ($699) ($475) $271,844
$18,500 $22,100 $22,843 $24,657 $26,471 $28,286 $30,100 $241,457

$21,633 $23,553 $24,599 $28,479 $30,380 $32,278 $34,421 $275,094
($3,133) ($1,453) ($1,756) ($3,822) ($3,908) ($3,992) ($4,321) ($33,637)

$9,250 $10,050 $10,850 $11,650 $12,450 $13,250 $14,050 $115,800
$9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $128,907
($595) ($926) ($382) ($2,673) ($2,984) ($3,293) ($3,846) $244,707
$9,150 $12,050 $11,993 $13,007 $14,021 $15,036 $16,050 $126,557

$11,788 $12,577 $13,367 $14,156 $14,946 $15,735 $16,525 $146,187
($2,638) ($527) ($1,374) ($1,149) ($924) ($699) ($475) $272,744
$18,400 $22,100 $22,843 $24,657 $26,471 $28,286 $30,100 $242,357

$21,633 $23,553 $24,599 $28,479 $30,380 $32,278 $34,421 $275,094
($3,233) ($1,453) ($1,756) ($3,822) ($3,908) ($3,992) ($4,321) ($32,737)
$33,420 $36,130 $37,965 $42,635 $45,325 $48,013 $50,945 $421,281

$29,560 $31,539 $33,519 $35,498 $37,478 $39,457 $41,436 $366,595
$3,860 $4,591 $4,446 $7,137 $7,848 $8,556 $9,509 $787,876
$55,053 $59,683 $62,564 $71,114 $75,705 $80,291 $85,366 $696,375

$29,560 $31,539 $33,519 $35,498 $37,478 $39,457 $41,436 $366,595
$25,493 $28,144 $29,045 $35,616 $38,227 $40,834 $43,929 $1,062,970
$88,473 $95,813 $100,529 $113,749 $121,030 $128,304 $136,311 $1,117,656

$59,120 $63,079 $67,037 $70,996 $74,955 $78,914 $82,873 $733,190
$29,353 $32,734 $33,491 $42,753 $46,075 $49,390 $53,438 $384,466
$154,823 $172,963 $182,664 $203,013 $217,422 $231,825 $246,961 $1,983,170

$92,553 $104,633 $109,149 $121,478 $129,847 $138,212 $147,066 $1,188,289
$247,375 $277,596 $291,813 $324,492 $347,270 $370,038 $394,026 $3,171,460

$127,417 $137,803 $145,563 $161,828 $172,154 $182,473 $193,524 $1,603,262
$119,958 $139,793 $146,251 $162,663 $175,116 $187,565 $200,502 $1,568,197
$10,014 $7,721 $17,582 $18,635 $7,222 $25,818 $13,195 $156,898

$11,788 $12,577 $13,367 $14,156 $14,946 $15,735 $16,525 $152,187
($1,774) ($4,856) $4,215 $4,479 ($7,724) $10,083 ($3,330) $309,085
$11,521 $11,826 $12,130 $12,435 $12,739 $13,044 $13,348 $140,079

$23,042 $23,651 $24,260 $24,869 $25,478 $26,087 $26,696 $280,158
$34,563 $35,477 $36,390 $37,304 $38,217 $39,131 $40,044 $420,237
$44,577 $43,198 $53,972 $55,938 $45,439 $64,949 $53,239 $577,135
$23,742 $23,602 $27,109 $27,973 $25,097 $31,224 $27,985 $299,212
$20,835 $19,596 $26,863 $27,966 $20,342 $33,725 $25,254 $277,924

$66,388 $70,977 $85,567 $90,156 $64,746 $99,335 $63,925 $844,187
($45,553) ($51,381) ($58,703) ($62,190) ($44,404) ($65,610) ($38,671) $1,122,111
$124,178 $143,774 $170,637 $198,603 $218,945 $252,670 $277,924 $555,847

Sales
Product 1 $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Product 2 $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Product 3 $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Product 4 $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Product 5 $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Product 6 $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Total Sales - - - - -
Total Sales Budget - - - - -
Total Over / (Under Budget) $0 $0 $0 $0 $0

Materials $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Labor $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Overhead $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Other $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Total Cost of Goods Sold $0 $0 $0 $0 $0

Total COG Budget $0 $0 $0 $0 $0
Gross Profit $0 $0 $0 $0 $0
Gross Profit Budget $0 $0 $0 $0 $0
GP Budget Total Over / (Under Budget) $0 $0 $0 $0 $0
Operating Expenses
G&A Expenses
Operating Expenses $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Payroll Salaries $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Total G&A Expenses $0 $0 $0 $0 $0

Total G&A Budget $0 $0 $0 $0 $0
Sales Expenses
Budget $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Total Sales Expenses $0 $0 $0 $0 $0

Total Sales Expense Budget $0 $0 $0 $0 $0

Marketing Expenses
Budget $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Total Marketing Expenses $0 $0 $0 $0 $0

Total Marketing Expense Budget $0 $0 $0 $0 $0

Budget $0 $0 $0 $0 $0
Budget $0 $0 $0 $0 $0
Total Research & Development Expenses $0 $0 $0 $0 $0

Total R&D Expenses Budget $0 $0 $0 $0 $0
Total Operating Expenses $0 $0 $0 $0 $0

Total Payroll Salaries $0 $0 $0 $0 $0

All Operating Expenses $0 $0 $0 $0 $0
All Operating Expenses Budget $0 $0 $0 $0 $0
OP Budget Total Over / (Under Budget) $0 $0 $0 $0 $0
Earnings Before Income Tax $0 $0 $0 $0 $0

Budget $0 $0 $0 $0 $0
Interest income (expense) $0 $0 $0 $0 $0

Other income (expense) $0 $0 $0 $0 $0
Total Non-operating Income (expense) $0 $0 $0 $0 $0
Income (Loss) Before Taxes $0 $0 $0 $0 $0
Income Taxes $0 $0 $0 $0 $0
Net Income (Loss) $0 $0 $0 $0 $0

Budget $0 $0 $0 $0 $0
Cumulative Net Income (Loss) $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
- - - - - - - -
- - - - - - - -
$0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

Sales 1 2 3 4 5
Product 1 $5,600 $6,350 $5,100 $0 $0
Budget $4,790 $5,678 $4,754 $0 $0
Product 2 $3,600 $4,350 $16,400 $0 $0

Budget $5,595 $5,678 $9,754 $0 $0
Over / (Under Budget) ($1,995) ($1,328) $6,646 $0 $0
Product 3 $14,600 $25,350 $25,100 $0 $0

Budget $5,895 $3,678 $5,754 $0 $0
Over / (Under Budget) $8,705 $21,672 $19,346 $0 $0
Product 4 $16,850 $17,690 $18,830 $0 $0

Budget $8,895 $14,678 $7,754 $0 $0
Product 5 $78,600 $88,750 $89,002 $0 $0

Budget $68,595 $78,595 $78,754 $0 $0
Product 6 $36,000 $43,350 $45,100 $0 $0

Budget $15,754 $16,501 $15,744 $0 $0
Total Sales 155,250 185,840 199,532 - -

Total Sales Budget 109,524 124,808 122,514 - -
Total Over / (Under Budget) $45,726 $61,032 $77,018 $0 $0

Materials $3,168 $3,748 $4,327 $0 $0
Budget $1,595 $1,678 $4,754 $0 $0
Over / (Under Budget) $1,573 $2,070 ($427) $0 $0
Labor $16,400 $16,830 $17,260 $0 $0

Budget $4,754 $6,501 $8,081 $0 $0
Overhead $11,320 $13,209 $15,099 $0 $0

Budget $2,754 $3,168 $3,748 $0 $0
Other $9,845 $10,976 $11,232 $0 $0

Budget $4,327 $4,907 $9,845 $0 $0
Total Cost of Goods Sold $40,733 $44,763 $47,918 $0 $0

Total COG Budget $13,430 $16,254 $26,427 $0 $0
Gross Profit $114,517 $141,077 $151,614 $0 $0

Gross Profit Budget $90,567 $95,987 $123,456 $0 $0
GP Budget Total Over / (Under Budget) $23,950 $45,090 $28,158 $0 $0
Operating Expenses
G&A Expenses
Operating Expenses $5,600 $5,850 $5,900 $0 $0
Budget $6,012 $6,045 $6,356 $0 $0
Over / (Under Budget) ($412) ($195) ($456) $0 $0
Payroll Salaries $10,350 $12,100 $13,850 $0 $0

Budget $7,744 $9,845 $10,976 $0 $0
Total G&A Expenses $15,950 $17,950 $19,750 $0 $0

Total G&A Budget $13,756 $15,890 $17,332 $0 $0
Sales Expenses
Budget $6,012 $6,045 $6,356 $0 $0
Over / (Under Budget) ($512) ($395) $544 $0 $0

Budget $7,744 $8,845 $9,276 $0 $0
Over / (Under Budget) ($2,244) ($3,195) ($2,376) $0 $0
Total Sales Expenses $11,000 $11,300 $13,800 $0 $0

Total Sales Expense Budget $13,756 $14,890 $15,632 $0 $0
Total Over / (Under Budget) ($2,756) ($3,590) ($1,832) $0 $0

Marketing Expenses
Budget $6,012 $6,045 $6,356 $0 $0
Over / (Under Budget) ($512) ($395) $544 $0 $0

Budget $7,744 $8,845 $9,276 $0 $0
Total Marketing Expenses $11,100 $12,300 $13,800 $0 $0

Total Marketing Expense Budget $13,756 $14,890 $15,632 $0 $0
Total Over / (Under Budget) ($2,656) ($2,590) ($1,832) $0 $0

Budget $19,595 $21,678 $23,754 $0 $0

Budget $19,595 $21,678 $23,754 $0 $0
Total Research & Development Expenses $56,756 $62,360 $65,448 $0 $0

Total R&D Expenses Budget $39,190 $43,356 $47,508 $0 $0
Total Operating Expenses $94,806 $103,910 $112,798 $0 $0

Total Payroll Salaries $56,706 $63,025 $68,190 $0 $0

All Operating Expenses $151,512 $166,935 $180,988 $0 $0
All Operating Expenses Budget $80,458 $89,026 $96,104 $0 $0
OP Budget Total Over / (Under Budget) $71,054 $77,909 $84,884 $0 $0
Earnings Before Income Tax $3,738 $18,905 $18,544 $0 $0

Budget $1,744 $17,845 $17,276 $0 $0
Interest income (expense) $10,000 $10,300 $10,609 $0 $0

Other income (expense) $20,000 $20,600 $21,218 $0 $0
Total Non-operating Income (expense) $30,000 $30,900 $31,827 $0 $0
Income (Loss) Before Taxes $33,738 $49,805 $50,371 $0 $0
Income Taxes $19,121 $24,212 $24,659 $0 $0
Net Income (Loss) $14,617 $25,594 $25,712 $0 $0

Budget $41,744 $67,845 $77,276 $0 $0
Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $65,922 $65,922

6 7 8 9 10 11 12
$0 $0 $0 $0 $0 $0 $0 $17,050
$0 $0 $0 $0 $0 $0 $0 $15,222
$0 $0 $0 $0 $0 $0 $0 ($1,828)
$0 $0 $0 $0 $0 $0 $0 $24,350
$0 $0 $0 $0 $0 $0 $0 $21,027
$0 $0 $0 $0 $0 $0 $0 $3,323
$0 $0 $0 $0 $0 $0 $0 $65,050
$0 $0 $0 $0 $0 $0 $0 $15,327
$0 $0 $0 $0 $0 $0 $0 $49,723
$0 $0 $0 $0 $0 $0 $0 $53,370
$0 $0 $0 $0 $0 $0 $0 $31,327
$0 $0 $0 $0 $0 $0 $0 $22,043
$0 $0 $0 $0 $0 $0 $0 $256,352
$0 $0 $0 $0 $0 $0 $0 $225,944
$0 $0 $0 $0 $0 $0 $0 $30,408
$0 $0 $0 $0 $0 $0 $0 $124,450
$0 $0 $0 $0 $0 $0 $0 $47,999
$0 $0 $0 $0 $0 $0 $0 $76,451
- - - - - - - 540,622
- - - - - - - 356,846
$0 $0 $0 $0 $0 $0 $0 $183,776

$0 $0 $0 $0 $0 $0 $0 $11,243
$0 $0 $0 $0 $0 $0 $0 $8,027
$0 $0 $0 $0 $0 $0 $0 $3,216
$0 $0 $0 $0 $0 $0 $0 $50,490
$0 $0 $0 $0 $0 $0 $0 $19,336
$0 $0 $0 $0 $0 $0 $0 $31,155
$0 $0 $0 $0 $0 $0 $0 $39,628
$0 $0 $0 $0 $0 $0 $0 $9,670
$0 $0 $0 $0 $0 $0 $0 $29,958
$0 $0 $0 $0 $0 $0 $0 $32,053
$0 $0 $0 $0 $0 $0 $0 $19,079
$0 $0 $0 $0 $0 $0 $0 $12,975
$0 $0 $0 $0 $0 $0 $0 $133,413
$0 $0 $0 $0 $0 $0 $0 $56,111
$0 $0 $0 $0 $0 $0 $0 $77,303
$0 $0 $0 $0 $0 $0 $0 $407,209
$0 $0 $0 $0 $0 $0 $0 $310,010
$0 $0 $0 $0 $0 $0 $0 $97,199
$0 $0 $0 $0 $0 $0 $0 $17,350
$0 $0 $0 $0 $0 $0 $0 $18,413
$0 $0 $0 $0 $0 $0 $0 $35,763
$0 $0 $0 $0 $0 $0 $0 $36,300
$0 $0 $0 $0 $0 $0 $0 $28,565
$0 $0 $0 $0 $0 $0 $0 $64,865
$0 $0 $0 $0 $0 $0 $0 $53,650
$0 $0 $0 $0 $0 $0 $0 $46,978
$0 $0 $0 $0 $0 $0 $0 $6,672
$0 $0 $0 $0 $0 $0 $0 $18,050
$0 $0 $0 $0 $0 $0 $0 $18,413
$0 $0 $0 $0 $0 $0 $0 $36,463
$0 $0 $0 $0 $0 $0 $0 $18,050
$0 $0 $0 $0 $0 $0 $0 $25,865
$0 $0 $0 $0 $0 $0 $0 $43,915
$0 $0 $0 $0 $0 $0 $0 $36,100
$0 $0 $0 $0 $0 $0 $0 $44,278
$0 $0 $0 $0 $0 $0 $0 ($8,178)

$0 $0 $0 $0 $0 $0 $0 $18,050
$0 $0 $0 $0 $0 $0 $0 $18,413
$0 $0 $0 $0 $0 $0 $0 $36,463
$0 $0 $0 $0 $0 $0 $0 $19,150
$0 $0 $0 $0 $0 $0 $0 $25,865
$0 $0 $0 $0 $0 $0 $0 $45,015
$0 $0 $0 $0 $0 $0 $0 $37,200
$0 $0 $0 $0 $0 $0 $0 $44,278
$0 $0 $0 $0 $0 $0 $0 ($7,078)
$0 $0 $0 $0 $0 $0 $0 $70,143
$0 $0 $0 $0 $0 $0 $0 $65,027
$0 $0 $0 $0 $0 $0 $0 $135,170
$0 $0 $0 $0 $0 $0 $0 $114,421
$0 $0 $0 $0 $0 $0 $0 $65,027
$0 $0 $0 $0 $0 $0 $0 $179,448
$0 $0 $0 $0 $0 $0 $0 $184,564
$0 $0 $0 $0 $0 $0 $0 $130,054
$0 $0 $0 $0 $0 $0 $0 $54,510
$0 $0 $0 $0 $0 $0 $0 $311,514
$0 $0 $0 $0 $0 $0 $0 $187,921
$0 $0 $0 $0 $0 $0 $0 $499,435
$0 $0 $0 $0 $0 $0 $0 $265,588
$0 $0 $0 $0 $0 $0 $0 $233,847
$0 $0 $0 $0 $0 $0 $0 $41,187
$0 $0 $0 $0 $0 $0 $0 $36,865
$0 $0 $0 $0 $0 $0 $0 $78,052
$0 $0 $0 $0 $0 $0 $0 $30,909
$0 $0 $0 $0 $0 $0 $0 $61,818
$0 $0 $0 $0 $0 $0 $0 $92,727
$0 $0 $0 $0 $0 $0 $0 $133,914
$0 $0 $0 $0 $0 $0 $0 $67,992
$0 $0 $0 $0 $0 $0 $0 $65,922
$0 $0 $0 $0 $0 $0 $0 $186,865
$0 $0 $0 $0 $0 $0 $0 $252,787
$65,922 $65,922 $65,922 $65,922 $65,922 $65,922 $65,922 $131,843

Fortress™ Budget Analysis Sy
The art or practice of strengthening or creating defenses is to create a fortress. This same principle
surrounding defensive walls is the budget. Fortress™ is designed to financially manage a business throu
primary tool - not an afterthought. Major goals are attained by setting and attaining small goals. This
What is a Budget?
Although you might not know it, you prepare a budget each time you estimate how much cash you will h
budget is a forecast of all cash sources and cash expenditures. It is organized in the same format as a fi
the end of the year, the anticipated income and expenses developed in the budget are compared to the
financial statement.
Why Create a Budget?

A budget can greatly enhance your chances of success by helping you estimate future needs and plan
you to perceive problems before they occur and alter your plans to prevent those problems. Fortress™ c
through the step-by-step process of constructing a budget.
How do I use a Budget?

In business, budgets help you determine how much money you have and how you will use it, and help
your financial goals. As part of a business plan, a budget can help convince a loan officer that you know
What will a Budget Indicate?

1) The cash required for necessary labor and/or materials.
2) Total start-up costs in a new business or new product line.
3) Day-to-day maintenance costs.
4) Revenues needed to support business operations.
5) Expected profit.

get Analysis System
tress. This same principle applies to a business. The fort is the business and the
ly manage a business through 12 months of performance by using budgeting as a
attaining small goals. This system helps you do that.
e how much cash you will have left at the end of the month after paying your bills. A
d in the same format as a financial statement, and most commonly covers a year. At
budget are compared to the actual performance of the business as recorded in the
mate future needs and plan profits, spending and overall cash flow. A budget allows
ose problems. Fortress™ covers the basic concept of budgeting and takes you
w you will use it, and help you decide whether you have enough money to achieve
a loan officer that you know your business and have anticipated its needs.

Is straightforward and easy to operate. Here are the steps:
1) Be sure to activate the Solver add-in.
2) Go to the Data Entry worksheet. Clear the Data Entry worksheet. (a button is provided).
3) Enter a start month.
4) Post your internal or accountant's financial numbers in the appropriate cells with blue numbers.
5) Establish budgetary limits in the cells provided in the appropriate cells with blue numbers.
6) Each line item has a hyperlink to individual chart analysis sheets with a return button to Data Entry.
7) With the included sample data, experiment with using the Solver and Scenario Manager. Instructio
folder. Open Whatif.xls for step-by-step lessons.
8) All analysis sheets have been preset for printing.
9) It was produced with 100% open architecture. You may alter it to suit your needs.
10) Accessed from the Data Entry sheet, is the Budget Analysis Worksheet. This worksheet is a conso
displayed in calendar quarters.
11) Lastly, it automatically forecasts an annual budget trend with as little as 3 months data input. The Fo
forecasts the necessary sales and budgets for the year.
Back

on is provided).
ells with blue numbers.
ith blue numbers.
eturn button to Data Entry.
cenario Manager. Instructions for their use is included in the Fortress
ur needs.
t. This worksheet is a consolidation of monthly actuals vs. budget
3 months data input. The Forecast Budget Analyzer
Next

Period Starting: Jan Feb Mar Apr
Sales 1 2 3 4
Product 1 $5,600 $6,350 $5,100 $6,850
Budget $4,790 $5,678 $4,754 $6,501
Over / (Under Budget) $810 $672 $346 $349
Product 2 $3,600 $4,350 $16,400 $16,830

Budget $5,595 $5,678 $9,754 $9,168
Over / (Under Budget) ($1,995) ($1,328) $6,646 $7,662
Product 3 $14,600 $25,350 $25,100 $26,850

Budget $5,895 $3,678 $5,754 $7,501
Over / (Under Budget) $8,705 $21,672 $19,346 $19,349
Product 4 $16,850 $17,690 $18,830 $19,260

Budget $8,895 $14,678 $7,754 $6,501
Product 5 $78,600 $88,750 $89,002 $86,850

Budget $68,595 $78,595 $78,754 $86,501
Over / (Under Budget) $10,005 $10,155 $10,248 $349
Product 6 $36,000 $43,350 $45,100 $46,850

Budget $15,754 $16,501 $15,744 $14,987
Total Sales 155,250 185,840 199,532 203,490

Total Sales Budget 109,524 124,808 122,514 131,159
Total Over / (Under Budget) $45,726 $61,032 $77,018 $72,331

Materials $3,168 $3,748 $4,327 $4,907
Budget $1,595 $1,678 $4,754 $6,501
Over / (Under Budget) $1,573 $2,070 ($427) ($1,595)
Labor $16,400 $16,830 $17,260 $17,690

Budget $4,754 $6,501 $8,081 $9,845
Overhead $11,320 $13,209 $15,099 $16,988

Budget $2,754 $3,168 $3,748 $4,327
Other $9,845 $10,976 $11,232 $14,323

Budget $4,327 $4,907 $9,845 $10,976
Total Cost of Goods Sold $40,733 $44,763 $47,918 $53,908

Total COG Budget $13,430 $16,254 $26,427 $31,649
Gross Profit $114,517 $141,077 $151,614 $149,582

Gross Profit Budget $90,567 $95,987 $123,456 $141,587
GP Budget Total Over / (Under Budget) $23,950 $45,090 $28,158 $7,995
Operating Expenses
G&A Expenses
Operating Expenses $5,600 $5,850 $5,900 $6,850
Budget $6,012 $6,045 $6,356 $6,501
Over / (Under Budget) ($412) ($195) ($456) $349
Payroll Salaries $10,350 $12,100 $13,850 $15,600

Budget $7,744 $9,845 $10,976 $11,232
Total G&A Expenses $15,950 $17,950 $19,750 $22,450

Total G&A Budget $13,756 $15,890 $17,332 $17,733
Sales Expenses
Budget $6,012 $6,045 $6,356 $6,501
Over / (Under Budget) ($512) ($395) $544 $1,249

Budget $7,744 $8,845 $9,276 $10,232
Over / (Under Budget) ($2,244) ($3,195) ($2,376) ($2,482)
Total Sales Expenses $11,000 $11,300 $13,800 $15,500

Total Sales Expense Budget $13,756 $14,890 $15,632 $16,733
Total Over / (Under Budget) ($2,756) ($3,590) ($1,832) ($1,233)

Marketing Expenses
Budget $6,012 $6,045 $6,356 $6,501
Over / (Under Budget) ($512) ($395) $544 $1,249

Budget $7,744 $8,845 $9,276 $10,232
Total Marketing Expenses $11,100 $12,300 $13,800 $15,300

Total Marketing Expense Budget $13,756 $14,890 $15,632 $16,733

Budget $19,595 $21,678 $23,754 $25,501

Budget $19,595 $21,678 $23,754 $25,501
Total Research & Development Expenses $56,756 $62,360 $65,448 $70,663

Total R&D Expenses Budget $39,190 $43,356 $47,508 $51,002
Total Operating Expenses $94,806 $103,910 $112,798 $123,913

Total Payroll Salaries $56,706 $63,025 $68,190 $74,598

All Operating Expenses $151,512 $166,935 $180,988 $198,511
All Operating Expenses Budget $80,458 $89,026 $96,104 $102,201
OP Budget Total Over / (Under Budget) $71,054 $77,909 $84,884 $96,310
Earnings Before Income Tax $3,738 $18,905 $18,544 $4,979

Budget $1,744 $17,845 $17,276 $5,232
Over / (Under Budget) $1,994 $1,060 $1,268 ($253)
Interest income (expense) $10,000 $10,300 $10,609 $10,912

Other income (expense) $20,000 $20,600 $21,218 $21,824
Total Non-operating Income (expense) $30,000 $30,900 $31,827 $32,736
Income (Loss) Before Taxes $33,738 $49,805 $50,371 $37,715
Income Taxes $19,121 $24,212 $24,659 $21,135
Net Income (Loss) $14,617 $25,594 $25,712 $16,580

Budget $41,744 $67,845 $77,276 $55,232
Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $82,501

May Jun Jul Aug Sep Oct Nov
5 6 7 8 9 10 11
$8,600 $8,850 $12,100 $13,850 $16,600 $19,100 $21,600
$7,744 $8,645 $10,976 $11,232 $14,323 $15,434 $16,543
$856 $205 $1,124 $2,618 $2,277 $3,666 $5,057
$17,260 $17,690 $15,600 $17,350 $8,600 $9,350 $10,100

$18,748 $14,327 $14,907 $15,486 $9,066 $10,645 $8,225
($1,488) $3,363 $694 $1,864 ($466) ($1,295) $1,876
$32,100 $35,750 $39,400 $43,050 $46,700 $50,350 $54,000

$9,431 $11,320 $13,209 $15,099 $16,988 $18,878 $20,767
$22,670 $24,430 $26,191 $27,951 $29,712 $31,473 $33,233
$20,690 $21,439 $22,364 $23,289 $24,214 $25,139 $26,064

$9,431 $11,320 $13,209 $15,099 $16,988 $18,878 $20,767
$11,260 $10,119 $9,155 $8,190 $7,226 $6,262 $5,297
$96,400 $106,830 $127,260 $137,690 $167,274 $165,240 $193,207

$77,744 $99,845 $115,976 $126,232 $174,323 $155,434 $196,543
$18,656 $6,985 $11,284 $11,458 ($7,050) $9,806 ($3,336)
$56,400 $66,830 $68,593 $74,166 $79,739 $85,312 $90,885

$14,982 $14,676 $14,370 $15,419 $14,323 $15,434 $16,543
$41,418 $52,154 $54,223 $58,747 $65,416 $69,878 $74,342
231,450 257,389 285,317 309,395 343,127 354,491 395,856

138,079 160,133 182,648 198,566 246,011 234,702 279,387
$93,372 $97,256 $102,670 $110,829 $97,116 $119,789 $116,469

$5,486 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100
$8,081 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543
($2,595) $505 $1,124 $2,618 $1,277 $1,916 $2,557
$15,600 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100

$10,976 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543
$4,624 $505 $1,124 $2,618 $1,277 $1,916 $2,557
$18,878 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100

$4,907 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543
$13,971 $505 $1,124 $2,618 $1,277 $1,916 $2,557
$15,434 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100

$11,232 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543
$4,202 $505 $1,124 $2,618 $1,277 $1,916 $2,557
$55,398 $41,400 $48,400 $55,400 $62,400 $69,400 $76,400

$35,195 $39,380 $43,904 $44,928 $57,292 $61,736 $66,172
$20,203 $2,020 $4,496 $10,472 $5,108 $7,664 $10,228
$176,053 $215,989 $236,917 $253,995 $280,727 $285,091 $319,456

$158,032 $176,085 $194,138 $212,191 $230,244 $248,297 $266,350
$18,021 $39,904 $42,779 $41,804 $50,483 $36,794 $53,106
$8,600 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100

$7,744 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543
$856 $505 $1,124 $2,618 $1,277 $1,916 $2,557
$17,350 $19,100 $20,850 $22,600 $24,350 $26,100 $27,850

$14,323 $15,188 $16,642 $18,097 $19,551 $21,006 $22,460
$3,027 $3,913 $4,208 $4,504 $4,799 $5,095 $5,390
$25,950 $29,450 $32,950 $36,450 $39,950 $43,450 $46,950

$22,067 $25,033 $27,618 $29,329 $33,874 $36,440 $39,003
$3,883 $4,418 $5,332 $7,122 $6,076 $7,011 $7,947
$8,450 $9,250 $10,050 $10,850 $11,650 $12,450 $13,250

$7,744 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543
$706 ($595) ($926) ($382) ($2,673) ($2,984) ($3,293)
$8,450 $9,250 $12,050 $11,993 $13,007 $14,021 $15,036

$10,998 $11,788 $12,577 $13,367 $14,156 $14,946 $15,735
($2,548) ($2,538) ($527) ($1,374) ($1,149) ($924) ($699)
$16,900 $18,500 $22,100 $22,843 $24,657 $26,471 $28,286

$18,742 $21,633 $23,553 $24,599 $28,479 $30,380 $32,278
($1,842) ($3,133) ($1,453) ($1,756) ($3,822) ($3,908) ($3,992)

$8,450 $9,250 $10,050 $10,850 $11,650 $12,450 $13,250
$7,744 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543
$706 ($595) ($926) ($382) ($2,673) ($2,984) ($3,293)
$8,550 $9,150 $12,050 $11,993 $13,007 $14,021 $15,036

$10,998 $11,788 $12,577 $13,367 $14,156 $14,946 $15,735
($2,448) ($2,638) ($527) ($1,374) ($1,149) ($924) ($699)
$17,000 $18,400 $22,100 $22,843 $24,657 $26,471 $28,286

$18,742 $21,633 $23,553 $24,599 $28,479 $30,380 $32,278
($1,742) ($3,233) ($1,453) ($1,756) ($3,822) ($3,908) ($3,992)
$29,740 $33,420 $36,130 $37,965 $42,635 $45,325 $48,013

$27,581 $29,560 $31,539 $33,519 $35,498 $37,478 $39,457
$2,160 $3,860 $4,591 $4,446 $7,137 $7,848 $8,556
$48,482 $55,053 $59,683 $62,564 $71,114 $75,705 $80,291

$27,581 $29,560 $31,539 $33,519 $35,498 $37,478 $39,457
$20,902 $25,493 $28,144 $29,045 $35,616 $38,227 $40,834
$78,222 $88,473 $95,813 $100,529 $113,749 $121,030 $128,304

$55,161 $59,120 $63,079 $67,037 $70,996 $74,955 $78,914
$23,061 $29,353 $32,734 $33,491 $42,753 $46,075 $49,390
$138,072 $154,823 $172,963 $182,664 $203,013 $217,422 $231,825

$82,832 $92,553 $104,633 $109,149 $121,478 $129,847 $138,212
$220,904 $247,375 $277,596 $291,813 $324,492 $347,270 $370,038

$114,712 $127,417 $137,803 $145,563 $161,828 $172,154 $182,473
$106,192 $119,958 $139,793 $146,251 $162,663 $175,116 $187,565
$10,546 $10,014 $7,721 $17,582 $18,635 $7,222 $25,818

$10,998 $11,788 $12,577 $13,367 $14,156 $14,946 $15,735
($452) ($1,774) ($4,856) $4,215 $4,479 ($7,724) $10,083
$11,217 $11,521 $11,826 $12,130 $12,435 $12,739 $13,044

$22,433 $23,042 $23,651 $24,260 $24,869 $25,478 $26,087
$33,650 $34,563 $35,477 $36,390 $37,304 $38,217 $39,131
$44,196 $44,577 $43,198 $53,972 $55,938 $45,439 $64,949
$23,354 $23,742 $23,602 $27,109 $27,973 $25,097 $31,224
$20,842 $20,835 $19,596 $26,863 $27,966 $20,342 $33,725

$60,998 $66,388 $70,977 $85,567 $90,156 $64,746 $99,335
($40,156) ($45,553) ($51,381) ($58,703) ($62,190) ($44,404) ($65,610)
$103,343 $124,178 $143,774 $170,637 $198,603 $218,945 $252,670

Dec Totals
12
$24,100 $148,700
$17,896 $124,516
$6,204 ($24,184)
$10,850 $147,980
$12,804 $134,401
($1,954) $13,579
$57,650 $450,900
$22,656 $151,175
$34,994 $299,725
$26,989 $262,818
$22,656 $166,175
$4,333 $96,643
$191,174 $1,528,277
$197,896 $1,456,438
($6,722) $71,839
$96,458 $789,683
$17,896 $186,629
$78,562 $603,054
407,221 3,328,358
291,805 2,219,335
$115,416 $1,109,023

$20,850 $130,835
$17,896 $118,858
$2,954 $11,978
$20,850 $192,980
$17,896 $136,406
$2,954 $56,575
$20,850 $184,694
$17,896 $115,152
$2,954 $69,542
$20,850 $171,010
$17,896 $137,536
$2,954 $33,475
$83,400 $679,519
$71,584 $507,951
$11,816 $171,568
$323,821 $2,648,839
$284,403 $2,221,337
$39,418 $427,502
$20,850 $142,000
$17,896 $128,907
$2,954 $270,907
$29,600 $239,700
$23,915 $190,977
$5,686 $430,677
$50,450 $381,700
$41,811 $319,884
$8,640 $61,816
$14,050 $115,800
$17,896 $128,907
($3,846) $244,707
$16,050 $125,657
$16,525 $146,187
($475) $271,844
$30,100 $241,457
$34,421 $275,094
($4,321) ($33,637)

$14,050 $115,800
$17,896 $128,907
($3,846) $244,707
$16,050 $126,557
$16,525 $146,187
($475) $272,744
$30,100 $242,357
$34,421 $275,094
($4,321) ($32,737)
$50,945 $421,281
$41,436 $366,595
$9,509 $787,876
$85,366 $696,375
$41,436 $366,595
$43,929 $1,062,970
$136,311 $1,117,656
$82,873 $733,190
$53,438 $384,466
$246,961 $1,983,170
$147,066 $1,188,289
$394,026 $3,171,460
$193,524 $1,603,262
$200,502 $1,568,197
$13,195 $156,898
$16,525 $152,187
($3,330) $309,085
$13,348 $140,079
$26,696 $280,158
$40,044 $420,237
$53,239 $577,135
$27,985 $299,212
$25,254 $277,924
$63,925 $844,187
($38,671) $1,122,111
$277,924 $555,847

Period Starting: Jan Feb Mar Apr
Sales 1 2 3 4
Product 1 $5,600 $6,350 $5,100 $5,183
Budget $4,790 $5,678 $4,754 $5,038
Over / (Under Budget) $810 $672 $346 $145
Product 2 $3,600 $4,350 $16,400 $20,917

Budget $5,595 $5,678 $9,754 $11,168
Over / (Under Budget) ($1,995) ($1,328) $6,646 $9,749
Product 3 $14,600 $25,350 $25,100 $32,183

Budget $5,895 $3,678 $5,754 $4,968
Product 4 $16,850 $17,690 $18,830 $19,770

Budget $8,895 $14,678 $7,754 $9,301
Product 5 $78,600 $88,750 $89,002 $95,853

Budget $68,595 $78,595 $78,754 $85,474
Product 6 $36,000 $43,350 $45,100 $50,583

Budget $15,754 $16,501 $15,744 $15,990
Total Sales $155,250 $185,840 $199,532 $224,489

Total Sales Budget 109,524 124,808 122,514 $131,939

Materials $3,168 $3,748 $4,327 $4,907
Budget $1,595 $1,678 $4,754 $5,835
Over / (Under Budget) $1,573 $2,070 ($427) ($928)
Labor $16,400 $16,830 $17,260 $17,690

Budget $4,754 $6,501 $8,081 $9,772
Overhead $11,320 $13,209 $15,099 $16,988

Budget $2,754 $3,168 $3,748 $4,217
Other $9,845 $10,976 $11,232 $12,071

Budget $4,327 $4,907 $9,845 $11,878
Total Cost of Goods Sold $40,733 $44,763 $47,918 $51,656

Total COG Budget $13,430 $16,254 $26,427 $31,701
Gross Profit $114,517 $141,077 $151,614 $172,833

Gross Profit Budget $90,567 $95,987 $123,456 $136,226
GP Budget Total Over / (Under Budget) $23,950 $45,090 $28,158 $36,608
Operating Expenses
G&A Expenses
Budget $6,012 $6,045 $6,356 $6,482
Over / (Under Budget) ($412) ($195) ($456) ($398)

Budget $7,744 $9,845 $10,976 $12,754
Total G&A Expenses 15,950 17,950 19,750 $21,683

Total G&A Budget $13,756 $15,890 $17,332 $19,235
Sales Expenses
Budget $6,012 $6,045 $6,356 $6,482
Over / (Under Budget) ($512) ($395) $544 $935

Budget $7,744 $8,845 $9,276 $10,154
Total Sales Expenses $11,000 $11,300 $13,800 $14,833

Total Sales Expense Budget $13,756 $14,890 $15,632 $16,635

Marketing Expenses
Budget $6,012 $6,045 $6,356 $6,482
Over / (Under Budget) ($512) ($395) $544 $935

Budget $7,744 $8,845 $9,276 $10,154
Total Marketing Expenses $11,100 $12,300 $13,800 $15,100

Total Marketing Expense Budget $13,756 $14,890 $15,632 $16,635

Budget $19,595 $21,678 $23,754 $25,835

Budget $19,595 $21,678 $23,754 $25,835
Total Research & Development Expenses $56,756 $62,360 $65,448 $70,213

Total R&D Expenses Budget $39,190 $43,356 $47,508 $51,669
Total Operating Expenses $94,806 $103,910 $112,798 $121,830

Total Payroll Salaries $56,706 $63,025 $68,190 $74,124

All Operating Expenses $151,512 $166,935 $180,988 $195,954
All Operating Expenses Budget $80,458 $89,026 $96,104 $104,175
OP Budget Total Over / (Under Budget) $71,054 $77,909 $84,884 $91,779
Earnings Before Income Tax $3,738 $18,905 $18,544 $28,535

Budget $1,744 $17,845 $17,276 $27,820
Interest income (expense) $10,000 $10,300 $10,609 $10,912

Other income (expense) $20,000 $20,600 $21,218 $21,824
Total Non-operating Income (expense) $30,000 $30,900 $31,827 $32,736
Income (Loss) Before Taxes $33,738 $49,805 $50,371 $61,271
Income Taxes $19,121 $24,212 $24,659 $28,202
Net Income (Loss) $14,617 $25,594 $25,712 $33,069

Budget $41,744 $67,845 $77,276 $97,820
Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $91,555

May Jun Jul Aug Sep Oct Nov
5 6 7 8 9 10 11
$4,933 $4,683 $4,433 $4,183 $3,933 $3,683 $3,433
$5,020 $5,002 $4,984 $4,966 $4,948 $4,930 $4,912
($87) ($319) ($551) ($783) ($1,015) ($1,247) ($1,479)
$27,317 $33,717 $40,117 $46,517 $52,917 $59,317 $65,717

$13,248 $15,327 $17,407 $19,486 $21,566 $23,645 $25,725
$14,069 $18,390 $22,710 $27,031 $31,351 $35,672 $39,992
$37,433 $42,683 $47,933 $53,183 $58,433 $63,683 $68,933

$4,898 $4,827 $4,757 $4,686 $4,616 $4,545 $4,475
$32,536 $37,856 $43,177 $48,497 $53,818 $59,138 $64,459
$20,760 $21,750 $22,740 $23,730 $24,720 $25,710 $26,700

$8,731 $8,160 $7,590 $7,019 $6,449 $5,878 $5,308
$12,029 $13,590 $15,150 $16,711 $18,271 $19,832 $21,392
$101,054 $106,255 $111,456 $116,657 $121,858 $127,059 $132,260

$90,553 $95,633 $100,712 $105,792 $110,871 $115,951 $121,030
$10,501 $10,622 $10,744 $10,865 $10,987 $11,108 $11,230
$55,133 $59,683 $64,233 $68,783 $73,333 $77,883 $82,433

$15,985 $15,980 $15,975 $15,970 $15,965 $15,960 $15,955
$39,149 $43,704 $48,259 $52,814 $57,369 $61,924 $66,479
$246,630 $268,771 $290,912 $313,053 $335,194 $357,335 $379,476

$138,434 $144,929 $151,424 $157,919 $164,414 $170,909 $177,404
$108,197 $123,843 $139,489 $155,135 $170,781 $186,427 $202,073

$5,486 $6,066 $6,645 $7,225 $7,804 $8,384 $8,963
$7,414 $8,994 $10,573 $12,153 $13,732 $15,312 $16,891
($1,928) ($2,928) ($3,928) ($4,928) ($5,928) ($6,928) ($7,928)
$18,120 $18,550 $18,980 $19,410 $19,840 $20,270 $20,700

$11,435 $13,098 $14,761 $16,425 $18,088 $19,751 $21,414
$6,685 $5,452 $4,219 $2,985 $1,752 $519 ($714)
$18,878 $20,767 $22,656 $24,546 $26,435 $28,325 $30,214

$4,713 $5,210 $5,707 $6,204 $6,700 $7,197 $7,694
$14,164 $15,557 $16,949 $18,342 $19,735 $21,127 $22,520
$12,765 $13,458 $14,152 $14,845 $15,539 $16,232 $16,926

$14,637 $17,396 $20,155 $22,914 $25,673 $28,432 $31,191
($1,872) ($3,937) ($6,003) ($8,068) ($10,134) ($12,199) ($14,265)
$55,248 $58,841 $62,433 $66,026 $69,618 $73,210 $76,803

$38,199 $44,698 $51,196 $57,695 $64,193 $70,692 $77,190
$17,049 $14,143 $11,237 $8,331 $5,425 $2,519 ($387)
$191,382 $209,931 $228,479 $247,028 $265,576 $284,125 $302,674

$152,670 $169,115 $185,559 $202,004 $218,448 $234,893 $251,337
$38,712 $40,816 $42,920 $45,024 $47,128 $49,232 $51,336
$6,233 $6,383 $6,533 $6,683 $6,833 $6,983 $7,133

$6,654 $6,826 $6,998 $7,170 $7,342 $7,514 $7,686
($420) ($442) ($464) ($486) ($508) ($530) ($552)
$17,350 $19,100 $20,850 $22,600 $24,350 $26,100 $27,850

$14,370 $15,986 $17,602 $19,218 $20,834 $22,450 $24,066
$2,980 $3,114 $3,248 $3,382 $3,516 $3,650 $3,784
$23,583 $25,483 $27,383 $29,283 $31,183 $33,083 $34,983

$21,023 $22,811 $24,599 $26,387 $28,175 $29,963 $31,751
$2,560 $2,672 $2,784 $2,896 $3,008 $3,120 $3,232
$8,117 $8,817 $9,517 $10,217 $10,917 $11,617 $12,317

$6,654 $6,826 $6,998 $7,170 $7,342 $7,514 $7,686
$1,463 $1,991 $2,519 $3,047 $3,575 $4,103 $4,631
$8,117 $8,817 $9,517 $10,217 $10,917 $11,617 $12,317

$10,920 $11,686 $12,452 $13,218 $13,984 $14,750 $15,516
($2,803) ($2,869) ($2,935) ($3,001) ($3,067) ($3,133) ($3,199)
$16,233 $17,633 $19,033 $20,433 $21,833 $23,233 $24,633

$17,573 $18,511 $19,449 $20,387 $21,325 $22,263 $23,201
($1,340) ($878) ($416) $46 $508 $970 $1,432

$8,117 $8,817 $9,517 $10,217 $10,917 $11,617 $12,317
$6,654 $6,826 $6,998 $7,170 $7,342 $7,514 $7,686
$1,463 $1,991 $2,519 $3,047 $3,575 $4,103 $4,631
$8,333 $8,983 $9,633 $10,283 $10,933 $11,583 $12,233

$10,920 $11,686 $12,452 $13,218 $13,984 $14,750 $15,516
($2,586) ($2,702) ($2,818) ($2,934) ($3,050) ($3,166) ($3,282)
$16,450 $17,800 $19,150 $20,500 $21,850 $23,200 $24,550

$17,573 $18,511 $19,449 $20,387 $21,325 $22,263 $23,201
($1,123) ($711) ($299) $113 $525 $937 $1,349
$28,493 $30,197 $31,901 $33,605 $35,309 $37,013 $38,717

$27,914 $29,994 $32,073 $34,153 $36,232 $38,312 $40,391
$579 $203 ($172) ($548) ($923) ($1,299) ($1,674)
$46,066 $48,708 $51,350 $53,992 $56,634 $59,276 $61,918

$27,914 $29,994 $32,073 $34,153 $36,232 $38,312 $40,391
$18,152 $18,715 $19,277 $19,840 $20,402 $20,965 $21,527
$74,559 $78,905 $83,251 $87,597 $91,943 $96,289 $100,635

$55,828 $59,987 $64,146 $68,305 $72,464 $76,623 $80,782
$18,731 $18,918 $19,105 $19,292 $19,479 $19,666 $19,853
$130,826 $139,822 $148,818 $157,814 $166,810 $175,806 $184,802

$79,866 $85,608 $91,350 $97,092 $102,834 $108,576 $114,318
$210,692 $225,430 $240,168 $254,906 $269,644 $284,382 $299,120

$111,998 $119,821 $127,644 $135,467 $143,290 $151,113 $158,936
$98,694 $105,609 $112,524 $119,439 $126,354 $133,269 $140,184
$35,938 $43,341 $50,744 $58,147 $65,550 $72,953 $80,356

$35,586 $43,352 $51,118 $58,884 $66,650 $74,416 $82,182
$352 ($11) ($374) ($737) ($1,100) ($1,463) ($1,826)
$11,217 $11,521 $11,826 $12,130 $12,435 $12,739 $13,044

$22,433 $23,042 $23,651 $24,260 $24,869 $25,478 $26,087
$33,650 $34,563 $35,477 $36,390 $37,304 $38,217 $39,131
$69,588 $77,904 $86,221 $94,537 $102,854 $111,170 $119,487
$30,971 $33,740 $36,509 $39,278 $42,047 $44,816 $47,585
$38,616 $44,164 $49,711 $55,259 $60,806 $66,354 $71,901

$115,586 $133,352 $151,118 $168,884 $186,650 $204,416 $222,182
($76,970) ($89,188) ($101,407) ($113,625) ($125,844) ($138,062) ($150,281)
$117,207 $142,860 $168,512 $194,165 $219,817 $245,470 $271,122

Dec Totals
12
$3,183 $54,700
$4,894 $59,916
($1,711) $5,216
$72,117 $443,000
$27,804 $196,401
$44,313 $246,599
$74,183 $543,700
$4,404 $57,501
$69,779 $486,199
$27,690 $266,940
$4,737 $94,501
$22,953 $172,439
$137,461 $1,306,262
$126,110 $1,178,069
$11,351 $128,193
$86,983 $743,500
$15,950 $191,726
$71,034 $551,774
$401,617 3,358,102
$183,899 1,778,114
$217,719 $1,579,988

$9,543 $76,263
$18,471 $117,401
($8,928) ($41,138)
$21,130 $225,180
$23,078 $167,158
($1,948) $58,023
$32,103 $260,539
$8,191 $65,503
$23,913 $195,037
$17,619 $165,661
$33,950 $225,300
($16,330) ($59,639)
$80,395 $727,643
$83,689 $575,361
($3,293) $152,282
$321,222 $2,630,459
$267,782 $2,128,043
$53,441 $502,416
$7,283 $77,500
$7,858 $82,940
($574) $160,440
$29,600 $239,700
$25,682 $201,524
$3,918 $441,224
$36,883 $317,200
$33,539 $284,464
$3,344 $32,736
$13,017 $110,000
$7,858 $82,940
$5,159 $192,940
$13,017 $110,000
$16,282 $144,824
($3,265) $254,824
$26,033 $220,000
$24,139 $227,764
$1,894 ($7,764)

$13,017 $110,000
$7,858 $82,940
$5,159 $192,940
$12,883 $111,700
$16,282 $144,824
($3,398) $256,524
$25,900 $221,700
$24,139 $227,764
$1,761 ($6,064)
$40,421 $372,588
$42,471 $372,401
($2,050) $744,989
$64,560 $600,352
$42,471 $372,401
$22,090 $972,753
$104,981 $972,940
$84,941 $744,802
$20,040 $228,138
$193,798 $1,731,840
$120,060 $1,061,752
$313,858 $2,793,592
$166,759 $1,484,794
$147,099 $1,308,798
$87,759 $564,510
$89,948 $566,824
($2,189) $1,131,334
$13,348 $140,079
$26,696 $280,158
$40,044 $420,237
$127,803 $984,747
$50,354 $421,495
$77,449 $563,252
$239,948 $1,706,824
($162,499) $2,270,076
$296,775 $860,027

Annual Budget Analysis
Quarter 1 Quarter 2 Quarter 3

$ % $ % $
Sales
Total Sales $540,622 100.00% $692,329 100.00% $937,839
Total Sales Budget $356,846 66.01% $429,371 62.02% $627,224
Total Over / (Under Budget) $183,776 33.99% $262,959 37.98% $310,615

Materials $11,243 2.08% $20,743 3.00% $41,550
Budget $8,027 1.48% $24,427 3.53% $36,531
Over / (Under Budget) $3,216 28.60% ($3,684) -17.76% $5,019
Labor $50,490 9.34% $43,640 6.30% $41,550

Budget $19,336 3.58% $30,666 4.43% $36,531
Over / (Under Budget) $31,155 61.70% $12,974 29.73% $5,019
Overhead $39,628 7.33% $46,216 6.68% $41,550

Budget $9,670 1.79% $19,079 2.76% $36,531
Other $32,053 5.93% $40,107 5.79% $41,550

Budget $19,079 3.53% $32,053 4.63% $36,531
Total Cost of Goods Sold $133,413 24.68% $150,705 21.77% $166,200

Total COG Budget $56,111 10.38% $106,224 15.34% $146,124
Gross Profit $407,209 75.32% $541,624 78.23% $771,639

Gross Profit Budget $310,010 57.34% $475,704 68.71% $636,573

Operating Expenses
G&A Expenses
Operating Expenses $17,350 3.21% $25,800 3.73% $41,550
Budget $18,413 3.41% $24,090 3.48% $36,531
Over / (Under Budget) ($1,063) -6.13% $1,710 6.63% $5,019
Payroll Salaries $36,300 6.71% $52,050 7.52% $67,800

Budget $28,565 5.28% $40,743 5.88% $54,290
Total G&A Expenses $53,650 9.92% $77,850 11.24% $109,350

Total G&A Budget $46,978 8.69% $64,833 9.36% $90,821
Sales Expenses
Budget $18,413 3.41% $24,090 3.48% $36,531
Over / (Under Budget) ($363) -2.01% $1,360 5.34% ($3,981)

Budget $25,865 4.78% $33,018 4.77% $40,100
Over / (Under Budget) ($7,815) -43.30% ($7,568) -29.73% ($3,050)
Total Sales Expenses $36,100 6.68% $50,900 7.35% $69,600

Total Sales Expense Budget $44,278 8.19% $57,108 8.25% $76,631
Total Over / (Under Budget) ($8,178) -22.65% ($6,208) -12.20% ($7,031)

Marketing Expenses
Budget $18,413 3.41% $24,090 3.48% $36,531
Over / (Under Budget) ($363) -2.01% $1,360 5.34% ($3,981)

Budget $25,865 4.78% $33,018 4.77% $40,100
Total Marketing Expenses $37,200 6.88% $50,700 7.32% $69,600

Total Marketing Expense Budget $44,278 8.19% $57,108 8.25% $76,631
Total Over / (Under Budget) ($7,078) -19.03% ($6,408) -12.64% ($7,031)

Budget $65,027 12.03% $82,641 11.94% $100,556

Budget $65,027 12.03% $82,641 11.94% $100,556
Total Research & Development Expenses $184,564 34.14% $237,358 34.28% $310,091
Total R&D Expenses Budget $130,054 24.06% $165,283 23.87% $201,112
Total Operating Expenses $311,514 57.62% $416,808 60.20% $558,641

Total Payroll Salaries $187,921 34.76% $249,983 36.11% $335,261

All Operating Expenses $499,435 92.38% $666,790 96.31% $893,901
All Operating Expenses Budget $265,588 49.13% $344,330 49.74% $445,194
Earnings Before Income Tax $41,187 7.62% $25,539 3.69% $43,938

Budget $36,865 6.82% $28,018 4.05% $40,100
Over / (Under Budget) $4,322 10.49% ($2,479) -9.70% $3,839
Interest income (expense) $30,909 5.72% $33,650 4.86% $36,390

Other income (expense) $61,818 11.43% $67,299 9.72% $72,780
Total Non-operating Income (expense) $92,727 17.15% $100,949 14.58% $109,170
Income (Loss) Before Taxes $133,914 24.77% $126,488 18.27% $153,108
Income Taxes $67,992 12.58% $68,231 9.86% $78,683
Net Income (Loss) $65,922 12.19% $58,257 8.41% $74,425

Budget $186,865 34.56% $182,618 26.38% $246,700

Analysis
Average
Quarter 3 Quarter 4 Totals Budget
% $ % Over/Under
100.00% $1,157,568 100.00% $3,328,358

66.88% $805,894 69.62% $2,219,335
33.12% $351,674 30.38% $1,109,023 Over
4.43% $57,300 4.95% $130,835

3.90% $49,873 4.31% $118,858
12.08% $7,427 12.96% $11,978 Under
4.43% $57,300 4.95% $192,980

3.90% $49,873 4.31% $136,406
12.08% $7,427 12.96% $56,575 Over
4.43% $57,300 4.95% $184,694

3.90% $49,873 4.31% $115,152
12.08% $7,427 12.96% $69,542 Over
4.43% $57,300 4.95% $171,010

3.90% $49,873 4.31% $137,536
12.08% $7,427 12.96% $33,475 Over
17.72% $229,200 19.80% $679,519

15.58% $199,492 17.23% $507,951
12.08% $29,708 12.96% $171,568 Over
82.28% $928,368 80.20% $2,648,839

67.88% $799,050 69.03% $2,221,337
17.50% $129,318 13.93% $427,502 Over

Analysis
4.43% $57,300 4.95% $142,000

3.90% $49,873 4.31% $128,907
12.08% $7,427 12.96% $13,093 Under
7.23% $83,550 7.22% $239,700

5.79% $67,380 5.82% $190,977
19.93% $16,170 19.35% $48,723 Over
11.66% $140,850 12.17% $381,700

9.68% $117,253 10.13% $319,884
16.95% $23,597 16.75% $61,816 Over
3.47% $39,750 3.43% $115,800

3.90% $49,873 4.31% $128,907
-12.23% ($10,123) -25.47% ($13,107) Under
3.95% $45,107 3.90% $125,657

4.28% $47,205 4.08% $146,187
-8.23% ($2,098) -4.65% ($20,530) Under
7.42% $84,857 7.33% $241,457

8.17% $97,078 8.39% $275,094
-10.10% ($12,221) -14.40% ($33,637) Under

Analysis
3.47% $39,750 3.43% $115,800

3.90% $49,873 4.31% $128,907
-12.23% ($10,123) -25.47% ($13,107) Under
3.95% $45,107 3.90% $126,557

4.28% $47,205 4.08% $146,187
-8.23% ($2,098) -4.65% ($19,630) Under
7.42% $84,857 7.33% $242,357

8.17% $97,078 8.39% $275,094
-10.10% ($12,221) -14.40% ($32,737) Under
12.45% $144,283 12.46% $421,281

10.72% $118,371 10.23% $366,595
13.86% $25,912 17.96% $54,686 Over
20.62% $241,361 20.85% $696,375

10.72% $118,371 10.23% $366,595
48.00% $122,990 50.96% $329,780 Over
33.06% $385,644 33.32% $1,117,656

21.44% $236,741 20.45% $733,190
35.14% $148,903 38.61% $384,466 Over
59.57% $696,208 60.14% $1,983,170

35.75% $415,125 35.86% $1,188,289

Analysis
95.31% $1,111,334 96.01% $3,171,460

47.47% $548,150 47.35% $1,603,262
50.20% $563,183 50.68% $1,568,197 Over
4.69% $46,234 3.99% $156,898

4.28% $47,205 4.08% $152,187
8.74% ($971) -2.10% $4,711 Under
3.88% $39,131 3.38% $140,079

7.76% $78,261 6.76% $280,158
11.64% $117,392 10.14% $420,237
16.33% $163,626 14.14% $577,135
8.39% $84,305 7.28% $299,212
7.94% $79,321 6.85% $277,924

26.31% $228,005 19.70% $844,187
-231.48% ($148,684) -187.45% ($566,263) Under

Forecast Budget Analysis
Quarter 1 Quarter 2 Quarter 3

$ % $ % $
Sales
Total Sales $540,622 100.00% $739,891 100.00% $939,160
Total Sales Budget $356,846 66.01% $415,301 56.13% $473,756

Materials $11,243 2.08% $16,458 2.22% $21,674
Budget $8,027 1.48% $22,243 3.01% $36,458
Over / (Under Budget) $3,216 28.60% ($5,785) -35.15% ($14,785)
Labor $50,490 9.34% $54,360 7.35% $58,230

Budget $19,336 3.58% $34,305 4.64% $49,274
Overhead $39,628 7.33% $56,633 7.65% $73,637

Budget $9,670 1.79% $14,140 1.91% $18,611
Other $32,053 5.93% $38,295 5.18% $44,536

Budget $19,079 3.53% $43,910 5.93% $68,741
Over / (Under Budget) $12,975 40.48% ($5,615) -14.66% ($24,205)
Total Cost of Goods Sold $133,413 24.68% $165,745 22.40% $198,077

Total COG Budget $56,111 10.38% $114,597 15.49% $173,084
Gross Profit $407,209 75.32% $574,146 77.60% $741,083

Gross Profit Budget $310,010 57.34% $458,011 61.90% $606,011

Operating Expenses
G&A Expenses
Budget $18,413 3.41% $19,961 2.70% $21,509

Budget $28,565 5.28% $43,109 5.83% $57,653
Total G&A Expenses $53,650 9.92% $70,750 9.56% $87,850

Total G&A Budget $46,978 8.69% $63,070 8.52% $79,162
Sales Expenses
Budget $18,413 3.41% $19,961 2.70% $21,509
Over / (Under Budget) ($363) -2.01% $4,389 18.02% $9,141

Budget $25,865 4.78% $32,759 4.43% $39,653
Total Sales Expenses $36,100 6.68% $48,700 6.58% $61,300

Total Sales Expense Budget $44,278 8.19% $52,720 7.13% $61,162
Total Over / (Under Budget) ($8,178) -22.65% ($4,020) -8.25% $138

Marketing Expenses
Budget $18,413 3.41% $19,961 2.70% $21,509
Over / (Under Budget) ($363) -2.01% $4,389 18.02% $9,141

Budget $25,865 4.78% $32,759 4.43% $39,653
Total Marketing Expenses $37,200 6.88% $49,350 6.67% $61,500

Total Marketing Expense Budget $44,278 8.19% $52,720 7.13% $61,162
Total Over / (Under Budget) ($7,078) -19.03% ($3,370) -6.83% $338

Budget $65,027 12.03% $83,743 11.32% $102,458
Over / (Under Budget) $5,116 7.29% $1,737 2.03% ($1,643)

Budget $65,027 12.03% $83,743 11.32% $102,458
Total Research & Development Expenses $184,564 34.14% $223,678 30.23% $262,792
Total R&D Expenses Budget $130,054 24.06% $167,485 22.64% $204,916
Total Operating Expenses $311,514 57.62% $392,478 53.05% $473,442

Total Payroll Salaries $187,921 34.76% $239,599 32.38% $291,277

All Operating Expenses $499,435 92.38% $632,077 85.43% $764,719
All Operating Expenses Budget $265,588 49.13% $335,995 45.41% $406,402
Earnings Before Income Tax $41,187 7.62% $107,814 14.57% $174,441

Budget $36,865 6.82% $106,759 14.43% $176,653
Over / (Under Budget) $4,322 10.49% $1,055 0.98% ($2,212)
Interest income (expense) $30,909 5.72% $33,650 4.55% $36,390

Other income (expense) $61,818 11.43% $67,299 9.10% $72,780
Total Non-operating Income (expense) $92,727 17.15% $100,949 13.64% $109,170
Income (Loss) Before Taxes $133,914 24.77% $208,763 28.22% $283,611
Income Taxes $67,992 12.58% $92,913 12.56% $117,834
Net Income (Loss) $65,922 12.19% $115,849 15.66% $165,777

Budget $186,865 34.56% $346,759 46.87% $506,653

Analysis
Average
Quarter 3 Quarter 4 Totals Budget
% $ % Over/Under
100.00% $1,138,429 100.00% $3,358,102

50.44% $532,211 46.75% $1,778,114
49.56% $606,218 53.25% $1,579,988 Over
2.31% $26,889 2.36% $76,263

3.88% $50,674 4.45% $117,401
-68.21% ($23,785) -88.45% ($41,138) Under
6.20% $62,100 5.45% $225,180

5.25% $64,243 5.64% $167,158
15.38% ($2,143) -3.45% $58,023 Over
7.84% $90,642 7.96% $260,539

1.98% $23,082 2.03% $65,503
74.73% $67,560 74.54% $195,037 Over
4.74% $50,778 4.46% $165,661

7.32% $93,572 8.22% $225,300
-54.35% ($42,794) -84.28% ($59,639) Under
21.09% $230,408 20.24% $727,643

18.43% $231,570 20.34% $575,361
12.62% ($1,162) -0.50% $152,282 Over
78.91% $908,021 79.76% $2,630,459

64.53% $754,012 66.23% $2,128,043
18.23% $154,009 16.96% $502,416 Over

Analysis
2.13% $21,400 1.88% $77,500

2.29% $23,057 2.03% $82,940
-7.28% ($1,657) -7.74% ($5,440) Under
7.22% $83,550 7.34% $239,700

6.14% $72,197 6.34% $201,524
14.97% $11,353 13.59% $38,176 Over
9.35% $104,950 9.22% $317,200

8.43% $95,254 8.37% $284,464
9.89% $9,696 9.24% $32,736 Over
3.26% $36,950 3.25% $110,000

2.29% $23,057 2.03% $82,940
29.82% $13,893 37.60% $27,060 Over
3.26% $36,950 3.25% $110,000

4.22% $46,547 4.09% $144,824
-29.37% ($9,597) -25.97% ($34,824) Under
6.53% $73,900 6.49% $220,000

6.51% $69,604 6.11% $227,764
0.23% $4,296 5.81% ($7,764) Under

Analysis
3.26% $36,950 3.25% $110,000

2.29% $23,057 2.03% $82,940
29.82% $13,893 37.60% $27,060 Over
3.28% $36,700 3.22% $111,700

4.22% $46,547 4.09% $144,824
-28.53% ($9,847) -26.83% ($33,124) Under
6.55% $73,650 6.47% $221,700

6.51% $69,604 6.11% $227,764
0.55% $4,046 5.49% ($6,064) Under
10.73% $116,151 10.20% $372,588

10.91% $121,174 10.64% $372,401
-1.63% ($5,023) -4.32% $187 Under
17.25% $185,755 16.32% $600,352

10.91% $121,174 10.64% $372,401
36.75% $64,582 34.77% $227,951 Over
27.98% $301,906 26.52% $972,940

21.82% $242,347 21.29% $744,802
22.02% $59,559 19.73% $228,138 Over
50.41% $554,406 48.70% $1,731,840

31.01% $342,955 30.13% $1,061,752

Analysis
81.43% $897,361 78.82% $2,793,592

43.27% $476,809 41.88% $1,484,794
46.86% $420,552 46.87% $1,308,798 Over
18.57% $241,068 21.18% $564,510

18.81% $246,547 21.66% $566,824
-1.27% ($5,479) -2.27% ($2,314) Under
3.87% $39,131 3.44% $140,079

7.75% $78,261 6.87% $280,158
11.62% $117,392 10.31% $420,237
30.20% $358,460 31.49% $984,747
12.55% $142,755 12.54% $421,495
17.65% $215,704 18.95% $563,252

53.95% $666,547 58.55% $1,706,824
-205.62% ($450,843) -209.01% ($1,143,572) Under

Product 1
Annual Sales vs. Budget Report
Data Entry Worksheet
Month Sales Budget Over/Under

Jan $5,600 $4,790 $810
Feb $6,350 $5,678 $672
Mar $5,100 $4,754 $346
Apr $6,850 $6,501 $349
May $8,600 $7,744 $856
Jun $8,850 $8,645 $205
Jul $12,100 $10,976 $1,124
Aug $13,850 $11,232 $2,618
Sep $16,600 $14,323 $2,277
Oct $19,100 $15,434 $3,666
Nov $21,600 $16,543 $5,057
Dec $24,100 $17,896 $6,204
Totals $148,700 $124,516 $24,184
Sales
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
Jan Feb Mar Apr May Jun Jul A

duct 1
vs. Budget Report
Sales
Feb
Dec Jan
Mar
Apr
Nov May
Jun
Jul
Oct Sep
Aug
Sales
un Jul Aug Sep Oct Nov Dec

Product 2

Jan $3,600 $5,595 ($1,995)
Feb $4,350 $5,678 ($1,328)
Mar $16,400 $9,754 $6,646
Apr $16,830 $9,168 $7,662
May $17,260 $18,748 ($1,488)
Jun $17,690 $14,327 $3,363
Jul $15,600 $14,907 $694
Aug $17,350 $15,486 $1,864
Sep $8,600 $9,066 ($466)
Oct $9,350 $10,645 ($1,295)
Nov $10,100 $8,225 $1,876
Dec $10,850 $12,804 ($1,954)
Totals $147,980 $134,401 $13,579
Sales
$20,000
$15,000
$10,000
$5,000
$0

duct 2
vs. Budget Report
Sales
Nov Dec Jan Feb

Oct
Mar
Apr
Sep
Aug May
Jul Jun
Sales

Product 3

Jan $14,600 $5,895 $8,705
Feb $25,350 $3,678 $21,672
Mar $25,100 $5,754 $19,346
Apr $26,850 $7,501 $19,349
May $32,100 $9,431 $22,670
Jun $35,750 $11,320 $24,430
Jul $39,400 $13,209 $26,191
Aug $43,050 $15,099 $27,951
Sep $46,700 $16,988 $29,712
Oct $50,350 $18,878 $31,473
Nov $54,000 $20,767 $33,233
Dec $57,650 $22,656 $34,994
Totals $450,900 $151,175 $299,725
Sales
$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0

duct 3
vs. Budget Report
Sales
Dec Jan Feb Mar

Nov Apr
May
Oct Jun
Sep Jul
Aug
Sales

Product 4

Jan $16,850 $8,895 $7,955
Feb $17,690 $14,678 $3,012
Mar $18,830 $7,754 $11,076
Apr $19,260 $6,501 $12,759
May $20,690 $9,431 $11,260
Jun $21,439 $11,320 $10,119
Jul $22,364 $13,209 $9,155
Aug $23,289 $15,099 $8,190
Sep $24,214 $16,988 $7,226
Oct $25,139 $18,878 $6,262
Nov $26,064 $20,767 $5,297
Dec $26,989 $22,656 $4,333
Totals $262,818 $166,175 $96,643
Sales
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0

duct 4
vs. Budget Report
Sales
Jan Feb
Nov Dec
Mar
Oct Apr
May
Sep Jun
Aug Jul
Sales

Product 5

Jan $78,600 $68,595 $10,005
Feb $88,750 $78,595 $10,155
Mar $89,002 $78,754 $10,248
Apr $86,850 $86,501 $349
May $96,400 $77,744 $18,656
Jun $106,830 $99,845 $6,985
Jul $127,260 $115,976 $11,284
Aug $137,690 $126,232 $11,458
Sep $167,274 $174,323 ($7,050)
Oct $165,240 $155,434 $9,806
Nov $193,207 $196,543 ($3,336)
Dec $191,174 $197,896 ($6,722)
Totals $1,528,277 $1,456,438 $71,839
Sales
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan Feb Mar Apr May Jun Jul

duct 5
vs. Budget Report
Sales
Dec Jan
Feb Mar
Nov
Apr
May
Oct Jun
Sep Jul
Aug
Sales
Jun Jul Aug Sep Oct Nov Dec

Product 6

Jan $36,000 $15,754 $20,246
Feb $43,350 $16,501 $26,849
Mar $45,100 $15,744 $29,356
Apr $46,850 $14,987 $31,863
May $56,400 $14,982 $41,418
Jun $66,830 $14,676 $52,154
Jul $68,593 $14,370 $54,223
Aug $74,166 $15,419 $58,747
Sep $79,739 $14,323 $65,416
Oct $85,312 $15,434 $69,878
Nov $90,885 $16,543 $74,342
Dec $96,458 $17,896 $78,562
Totals $789,683 $186,629 $603,054
Sales
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
Jan Feb Mar Apr May Jun Jul

duct 6
vs. Budget Report
Sales
Dec Jan Feb

Mar
Nov
Apr
May
Oct
Jun
Sep Jul
Aug
Sales
Jun Jul Aug Sep Oct Nov Dec

Summary Report: Annual Sales v

Jan $155,250 $109,524 $45,726
Feb $185,840 $124,808 $61,032
Mar $199,532 $122,514 $77,018
Apr $203,490 $131,159 $72,331
May $231,450 $138,079 $93,372
Jun $257,389 $160,133 $97,256
Jul $285,317 $182,648 $102,670
Aug $309,395 $198,566 $110,829
Sep $343,127 $246,011 $97,116
Oct $354,491 $234,702 $119,789
Nov $395,856 $279,387 $116,469
Dec $407,221 $291,805 $115,416
Totals $3,328,358 $2,219,335 $1,109,023
Sales Budget
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan Feb Mar Apr May Jun Jul Aug

nnual Sales vs. Budget
Total Sales by Product
Dec Jan Feb

Mar
Nov
Apr
May
Oct
Jun
Sep Jul
Aug
s Budget
Jul Aug Sep Oct Nov Dec

Materials
Summary Materials Expense vs. Budget
Month Expense Budget Over/Under

Jan $3,168 $1,595 $1,573
Feb $3,748 $1,678 $2,070
Mar $4,327 $4,754 ($427)
Apr $4,907 $6,501 ($1,595)
May $5,486 $8,081 ($2,595)
Jun $10,350 $9,845 $505
Jul $12,100 $10,976 $1,124
Aug $13,850 $11,232 $2,618
Sep $15,600 $14,323 $1,277
Oct $17,350 $15,434 $1,916
Nov $19,100 $16,543 $2,557
Dec $20,850 $17,896 $2,954
Totals $130,835 $118,858 $11,978
Expense Budget
$25,000
$20,000
$15,000
$10,000
$5,000
$0

terials
xpense vs. Budget Report
Materials
Dec Jan Feb Mar

Apr
Nov May
Jun
Jul
Oct Sep Aug
se Budget

Labor
Summary Labor Expense vs. Budget R

Jan $16,400 $4,754 $11,646
Feb $16,830 $6,501 $10,329
Mar $17,260 $8,081 $9,180
Apr $17,690 $9,845 $7,845
May $15,600 $10,976 $4,624
Jun $10,350 $9,845 $505
Jul $12,100 $10,976 $1,124
Aug $13,850 $11,232 $2,618
Sep $15,600 $14,323 $1,277
Oct $17,350 $15,434 $1,916
Nov $19,100 $16,543 $2,557
Dec $20,850 $17,896 $2,954
Totals $192,980 $136,406 $56,575
Expense Budget
$25,000
$20,000
$15,000
$10,000
$5,000
$0

abor
ense vs. Budget Report
Labor
Dec Jan
Nov Feb
Mar
Oct
Apr
Sep
Aug May
Jul Jun
nse Budget

Overhead
Summary Overhead Expense vs. Budget

Jan $16,400 $4,754 $11,646
Feb $16,830 $6,501 $10,329
Mar $17,260 $8,081 $9,180
Apr $17,690 $9,845 $7,845
May $15,600 $10,976 $4,624
Jun $10,350 $9,845 $505
Jul $12,100 $10,976 $1,124
Aug $13,850 $11,232 $2,618
Sep $15,600 $14,323 $1,277
Oct $17,350 $15,434 $1,916
Nov $19,100 $16,543 $2,557
Dec $20,850 $17,896 $2,954
Totals $192,980 $136,406 $56,575
Expense Budget
$25,000
$20,000
$15,000
$10,000
$5,000
$0

erhead
xpense vs. Budget Report
Overhead
Dec Jan
Nov Feb
Mar
Oct
Apr
Sep
Aug May
Jul Jun
se Budget

Other Direct Expenses
Summary Other Expense vs. Budget R

Jan $9,845 $4,327 $5,518
Feb $10,976 $4,907 $6,070
Mar $11,232 $9,845 $1,387
Apr $14,323 $10,976 $3,347
May $15,434 $11,232 $4,202
Jun $10,350 $9,845 $505
Jul $12,100 $10,976 $1,124
Aug $13,850 $11,232 $2,618
Sep $15,600 $14,323 $1,277
Oct $17,350 $15,434 $1,916
Nov $19,100 $16,543 $2,557
Dec $20,850 $17,896 $2,954
Totals $171,010 $137,536 $33,475
Expense Budget
$25,000
$20,000
$15,000
$10,000
$5,000
$0

ect Expenses
ense vs. Budget Report
Other Expenses
Dec Jan Feb

Nov Mar
Apr
Oct
May
Sep
Jun
Aug Jul
se Budget

Total Cost of Goods Sold
Summary COG vs. Budget Repor
Month COG Budget Over/Under

Jan $40,733 $13,430 $27,303
Feb $44,763 $16,254 $28,509
Mar $47,918 $26,427 $21,491
Apr $53,908 $31,649 $22,259
May $55,398 $35,195 $20,203
Jun $41,400 $39,380 $2,020
Jul $48,400 $43,904 $4,496
Aug $55,400 $44,928 $10,472
Sep $62,400 $57,292 $5,108
Oct $69,400 $61,736 $7,664
Nov $76,400 $66,172 $10,228
Dec $83,400 $71,584 $11,816
Totals $679,519 $507,951 $171,568
COG Budget
$100,000
$80,000
$60,000
$40,000
$20,000
$0

of Goods Sold
vs. Budget Report
COG
Dec Jan Feb

Nov Mar
Apr
Oct
May
Sep
Jun
Aug Jul
G Budget

Gross Profit
Summary Gross Profit
Month Gross Profit Budget Over/Under

Jan $114,517 $90,567 $23,950
Feb $141,077 $95,987 $45,090
Mar $151,614 $123,456 $28,158
Apr $149,582 $141,587 $7,995
May $176,053 $158,032 $18,021
Jun $215,989 $176,085 $39,904
Jul $236,917 $194,138 $42,779
Aug $253,995 $212,191 $41,804
Sep $280,727 $230,244 $50,483
Oct $285,091 $248,297 $36,794
Nov $319,456 $266,350 $53,106
Dec $323,821 $284,403 $39,418
Totals $2,648,839 $2,221,337 $427,502
Gross Profit Budget
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0

s Profit
Gross Profit
Gross Profit
Dec Jan Feb Mar

Nov
Apr
May
Oct
Jun
Sep Jul
Aug
rofit Budget

G&A Expenses
Summary of Operating Expenses
Month Operating Expenses Budget Over/Under

Jan $5,600 $6,012 ($412)
Feb $5,850 $6,045 ($195)
Mar $5,900 $6,356 ($456)
Apr $6,850 $6,501 $349
May $8,600 $7,744 $856
Jun $10,350 $9,845 $505
Jul $12,100 $10,976 $1,124
Aug $13,850 $11,232 $2,618
Sep $15,600 $14,323 $1,277
Oct $17,350 $15,434 $1,916
Nov $19,100 $16,543 $2,557
Dec $20,850 $17,896 $2,954
Totals $142,000 $128,907 $13,093
Operating Expenses Budget
$25,000
$20,000
$15,000
$10,000
$5,000
$0

Expenses
perating Expenses
Operating Expenses
Dec Jan Feb

Mar
Nov Apr
May
Jun
Oct Jul
Sep Aug
penses Budget

G&A Expenses
Summary of Payroll Salaries
Month Payroll Salaries Budget Over/Under

Jan $10,350 $7,744 $2,606
Feb $12,100 $9,845 $2,255
Mar $13,850 $10,976 $2,874
Apr $15,600 $11,232 $4,368
May $17,350 $14,323 $3,027
Jun $19,100 $15,188 $3,913
Jul $20,850 $16,642 $4,208
Aug $22,600 $18,097 $4,504
Sep $24,350 $19,551 $4,799
Oct $26,100 $21,006 $5,095
Nov $27,850 $22,460 $5,390
Dec $29,600 $23,915 $5,686
Totals $239,700 $190,977 $48,723
Payroll Salaries Budget
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0

Expenses
Payroll Salaries
Payroll Salaries Expenses
Dec Jan Feb

Mar
Nov
Apr
May
Oct
Jun
Sep Jul
Aug
ries Budget

Total G&A Expenses
Summary of G&A Expenses
Month Total G&A Expenses Budget Over/Under

Jan $15,950 $13,756 $2,194
Feb $17,950 $15,890 $2,060
Mar $19,750 $17,332 $2,418
Apr $22,450 $17,733 $4,717
May $25,950 $22,067 $3,883
Jun $29,450 $25,033 $4,418
Jul $32,950 $27,618 $5,332
Aug $36,450 $29,329 $7,122
Sep $39,950 $33,874 $6,076
Oct $43,450 $36,440 $7,011
Nov $46,950 $39,003 $7,947
Dec $50,450 $41,811 $8,640
Totals $381,700 $319,884 $61,816
Total G&A Expenses Budget
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0

&A Expenses
G&A Expenses
Total G&A Expenses
Feb
Dec Jan
Mar
Nov Apr
May
Oct Jun
Sep Jul
Aug
penses Budget

Sales Expenses
Summary of Sales Operating Expens

Jan $5,500 $6,012 ($512)
Feb $5,650 $6,045 ($395)
Mar $6,900 $6,356 $544
Apr $7,750 $6,501 $1,249
May $8,450 $7,744 $706
Jun $9,250 $9,845 ($595)
Jul $10,050 $10,976 ($926)
Aug $10,850 $11,232 ($382)
Sep $11,650 $14,323 ($2,673)
Oct $12,450 $15,434 ($2,984)
Nov $13,250 $16,543 ($3,293)
Dec $14,050 $17,896 ($3,846)
Totals $115,800 $128,907 ($13,107)
$20,000
$15,000
$10,000
$5,000
$0

Expenses
s Operating Expenses
Sales Operating Expenses
Dec Jan Feb

Mar
Nov
Apr
May
Oct
Jun
Sep Jul
Aug
penses Budget

Sales Expenses
Summary of Sales Payroll Salaries Exp

Jan $5,500 $7,744 ($2,244)
Feb $5,650 $8,845 ($3,195)
Mar $6,900 $9,276 ($2,376)
Apr $7,750 $10,232 ($2,482)
May $8,450 $10,998 ($2,548)
Jun $9,250 $11,788 ($2,538)
Jul $12,050 $12,577 ($527)
Aug $11,993 $13,367 ($1,374)
Sep $13,007 $14,156 ($1,149)
Oct $14,021 $14,946 ($924)
Nov $15,036 $15,735 ($699)
Dec $16,050 $16,525 ($475)
Totals $125,657 $146,187 ($20,530)
$20,000
$15,000
$10,000
$5,000
$0

Expenses
ayroll Salaries Expenses
Sales Payroll Salaries Expenses
Dec Jan Feb Mar

Nov Apr
May
Oct Jun
Sep Jul
Aug
ries Budget

Total Sales Expenses
Summary of Sales Expenses
Month Total Sales Expenses Budget Over/Under

Jan $11,000 $13,756 ($2,756)
Feb $11,300 $14,890 ($3,590)
Mar $13,800 $15,632 ($1,832)
Apr $15,500 $16,733 ($1,233)
May $16,900 $18,742 ($1,842)
Jun $18,500 $21,633 ($3,133)
Jul $22,100 $23,553 ($1,453)
Aug $22,843 $24,599 ($1,756)
Sep $24,657 $28,479 ($3,822)
Oct $26,471 $30,380 ($3,908)
Nov $28,286 $32,278 ($3,992)
Dec $30,100 $34,421 ($4,321)
Totals $241,457 $275,094 ($33,637)
Total Sales Expenses Budget
$40,000
$30,000
$20,000
$10,000
$0

es Expenses
Sales Expenses
Total Sales Expenses
Dec Jan Feb Mar

Nov
Apr
May
Oct
Jun
Sep Jul
Aug
penses Budget

Marketing Expenses
Summary of Marketing Operating Expe

Jan $5,500 $6,012 ($512)
Feb $5,650 $6,045 ($395)
Mar $6,900 $6,356 $544
Apr $7,750 $6,501 $1,249
May $8,450 $7,744 $706
Jun $9,250 $9,845 ($595)
Jul $10,050 $10,976 ($926)
Aug $10,850 $11,232 ($382)
Sep $11,650 $14,323 ($2,673)
Oct $12,450 $15,434 ($2,984)
Nov $13,250 $16,543 ($3,293)
Dec $14,050 $17,896 ($3,846)
Totals $115,800 $128,907 ($13,107)
$20,000
$15,000
$10,000
$5,000
$0

ng Expenses
ng Operating Expenses
Marketing Operating Expenses
Dec Jan Feb

Mar
Nov
Apr
May
Oct
Jun
Sep Jul
Aug
penses Budget

Marketing Expenses
Summary of Marketing Payroll Salaries E

Jan $5,500 $7,744 ($2,244)
Feb $5,650 $8,845 ($3,195)
Mar $6,900 $9,276 ($2,376)
Apr $7,750 $10,232 ($2,482)
May $8,450 $10,998 ($2,548)
Jun $9,250 $11,788 ($2,538)
Jul $12,050 $12,577 ($527)
Aug $11,993 $13,367 ($1,374)
Sep $13,007 $14,156 ($1,149)
Oct $14,021 $14,946 ($924)
Nov $15,036 $15,735 ($699)
Dec $16,050 $16,525 ($475)
Totals $125,657 $146,187 ($20,530)
$20,000
$15,000
$10,000
$5,000
$0

ng Expenses
Payroll Salaries Expenses
Marketing Payroll Salaries Expenses
Dec Jan Feb Mar

Nov Apr
May
Oct Jun
Sep Jul
Aug
ries Budget

Total Marketing Expense
Summary of Marketing Expenses
Month Marketing Expenses Budget Over/Under

Jan $11,100 $13,756 ($2,656)
Feb $12,300 $14,890 ($2,590)
Mar $13,800 $15,632 ($1,832)
Apr $15,300 $16,733 ($1,433)
May $17,000 $18,742 ($1,742)
Jun $18,400 $21,633 ($3,233)
Jul $22,100 $23,553 ($1,453)
Aug $22,843 $24,599 ($1,756)
Sep $24,657 $28,479 ($3,822)
Oct $26,471 $30,380 ($3,908)
Nov $28,286 $32,278 ($3,992)
Dec $30,100 $34,421 ($4,321)
Totals $242,357 $275,094 ($32,737)
Marketing Expenses Budget
$40,000
$30,000
$20,000
$10,000
$0

eting Expenses
arketing Expenses
Total Marketing Expenses
Dec Jan Feb

Mar
Nov
Apr
May
Oct
Jun
Sep Jul
Aug
enses Budget

Research & Development Exp
Summary of R&D Operating Expens

Jan $21,500 $19,595 $1,905
Feb $23,735 $21,678 $2,057
Mar $24,908 $23,754 $1,154
Apr $26,965 $25,501 $1,464
May $29,740 $27,581 $2,160
Jun $33,420 $29,560 $3,860
Jul $36,130 $31,539 $4,591
Aug $37,965 $33,519 $4,446
Sep $42,635 $35,498 $7,137
Oct $45,325 $37,478 $7,848
Nov $48,013 $39,457 $8,556
Dec $50,945 $41,436 $9,509
Totals $421,281 $366,595 $54,686
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0

elopment Expenses
Operating Expenses
R&D Operating Expenses
Dec Jan
Feb Mar
Nov
Apr
May
Oct
Sep Jun
Jul
Aug
enses Budget

Research & Development Exp
Summary of R&D Payroll Salaries Expe

Jan $35,256 $19,595 $15,661
Feb $38,625 $21,678 $16,947
Mar $40,540 $23,754 $16,786
Apr $43,698 $25,501 $18,197
May $48,482 $27,581 $20,902
Jun $55,053 $29,560 $25,493
Jul $59,683 $31,539 $28,144
Aug $62,564 $33,519 $29,045
Sep $71,114 $35,498 $35,616
Oct $75,705 $37,478 $38,227
Nov $80,291 $39,457 $40,834
Dec $85,366 $41,436 $43,929
Totals $696,375 $366,595 $329,780
$100,000
$80,000
$60,000
$40,000
$20,000
$0

elopment Expenses
yroll Salaries Expenses
Marketing Payroll Salaries Expenses
Dec Jan
Feb Mar
Nov
Apr
May
Oct
Sep Jun
Jul
Aug
ries Budget

Total Research & Development E
Summary of R&D Expenses
Month Marketing Expenses Budget Over/Under

Jan $56,756 $39,190 $17,566
Feb $62,360 $43,356 $19,004
Mar $65,448 $47,508 $17,940
Apr $70,663 $51,002 $19,661
May $78,222 $55,161 $23,061
Jun $88,473 $59,120 $29,353
Jul $95,813 $63,079 $32,734
Aug $100,529 $67,037 $33,491
Sep $113,749 $70,996 $42,753
Oct $121,030 $74,955 $46,075
Nov $128,304 $78,914 $49,390
Dec $136,311 $82,873 $53,438
Totals $1,117,656 $733,190 $384,466
Marketing Expenses Budget
$150,000
$100,000
$50,000
$0

Development Expenses
R&D Expenses
Total Marketing Expenses
Dec Jan
Feb Mar
Nov
Apr
May
Oct
Sep Jun
Jul
Aug
penses Budget

Total All Operating Expen
Summary of All Operating Expens
Month All Operating Expenses Budget Over/Under

Jan $151,512 $80,458 $71,054
Feb $166,935 $89,026 $77,909
Mar $180,988 $96,104 $84,884
Apr $198,511 $102,201 $96,310
May $220,904 $114,712 $106,192
Jun $247,375 $127,417 $119,958
Jul $277,596 $137,803 $139,793
Aug $291,813 $145,563 $146,251
Sep $324,492 $161,828 $162,663
Oct $347,270 $172,154 $175,116
Nov $370,038 $182,473 $187,565
Dec $394,026 $193,524 $200,502
Totals $3,171,460 $1,603,262 $1,568,197
All Operating Expenses Budget
$500,000
$400,000
$300,000
$200,000
$100,000
$0

rating Expenses
Operating Expenses
Dec Jan Feb

Mar
Nov
Apr
May
Oct
Jun
Sep Jul
Aug
enses Budget

Earnings Before Income T
Summary of Earnings Before Income
Month EBIT Budget Over/Under

Jan $3,738 $1,744 $1,994
Feb $18,905 $17,845 $1,060
Mar $18,544 $17,276 $1,268
Apr $4,979 $5,232 ($253)
May $10,546 $10,998 ($452)
Jun $10,014 $11,788 ($1,774)
Jul $7,721 $12,577 ($4,856)
Aug $17,582 $13,367 $4,215
Sep $18,635 $14,156 $4,479
Oct $7,222 $14,946 ($7,724)
Nov $25,818 $15,735 $10,083
Dec $13,195 $16,525 ($3,330)
Totals $156,898 $152,187 $4,711
EBIT Budget
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0

ore Income Tax
gs Before Income Tax
Earnings Before Income Tax
Dec Jan
Nov Feb
Mar
Oct
May Apr
Sep
Jun
Aug Jul
Budget

Net Income (Loss)
Summary of Net Income (Loss)
Month Net Income Budget Over/Under

Jan $14,617 $41,744 ($27,127)
Feb $25,594 $67,845 ($42,252)
Mar $25,712 $77,276 ($51,564)
Apr $16,580 $55,232 ($38,652)
May $20,842 $60,998 ($40,156)
Jun $20,835 $66,388 ($45,553)
Jul $19,596 $70,977 ($51,381)
Aug $26,863 $85,567 ($58,703)
Sep $27,966 $90,156 ($62,190)
Oct $20,342 $64,746 ($44,404)
Nov $33,725 $99,335 ($65,610)
Dec $25,254 $63,925 ($38,671)
Totals $277,924 $844,187 ($566,263)
Net Income Budget
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0

ome (Loss)
et Income (Loss)
Net Income (Loss)
Dec Jan
Nov Feb
Mar
Oct
Apr
Sep May
Aug Jun
Jul
Budget

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Period Starting: Jan Feb Mar Apr May

Product 2 $3,600 $4,350 $16,400 $16,830 $17,260

Product 3 $14,600 $25,350 $25,100 $26,850 $32,100

Product 4 $16,850 $17,690 $18,830 $19,260 $20,690

Product 5 $78,600 $88,750 $89,002 $86,850 $96,400

Product 6 $36,000 $43,350 $45,100 $46,850 $56,400

Total Sales 155,250 185,840 199,532 203,490 231,450

© Copyright, 2006, JaxWorks, All Rights Reserved.

Labor $16,400 $16,830 $17,260 $17,690 $15,600

Overhead $11,320 $13,209 $15,099 $16,988 $18,878

Other $9,845 $10,976 $11,232 $14,323 $15,434

Total Cost of Goods Sold $40,733 $44,763 $47,918 $53,908 $55,398

Gross Profit $114,517 $141,077 $151,614 $149,582 $176,053

Payroll Salaries $10,350 $12,100 $13,850 $15,600 $17,350

Total G&A Expenses $15,950 $17,950 $19,750 $22,450 $25,950

Payroll Salaries $5,500 $5,650 $6,900 $7,750 $8,450

Total Sales Expenses $11,000 $11,300 $13,800 $15,500 $16,900

© Copyright, 2006, JaxWorks, All Rights Reserved.

Payroll Salaries $5,600 $6,650 $6,900 $7,550 $8,550

Total Marketing Expenses $11,100 $12,300 $13,800 $15,300 $17,000

Research & Development Expenses

Payroll Salaries $35,256 $38,625 $40,540 $43,698 $48,482

Total Operating Expenses $94,806 $103,910 $112,798 $123,913 $138,072

Total All Operating Expenses

Earnings Before Income Tax $3,738 $18,905 $18,544 $4,979 $10,546

Interest income (expense) $10,000 $10,300 $10,609 $10,912 $11,217

Income (Loss) Before Taxes $33,738 $49,805 $50,371 $37,715 $44,196

Income Taxes $19,121 $24,212 $24,659 $21,135 $23,354

Net Income (Loss) $14,617 $25,594 $25,712 $16,580 $20,842

Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $82,501 $103,343

© Copyright, 2006, JaxWorks, All Rights Reserved.

$8,850 $12,100 $13,850 $16,600 $19,100 $21,600 $24,100 $148,700

$17,690 $15,600 $17,350 $8,600 $9,350 $10,100 $10,850 $147,980

$35,750 $39,400 $43,050 $46,700 $50,350 $54,000 $57,650 $450,900

$21,439 $22,364 $23,289 $24,214 $25,139 $26,064 $26,989 $262,818

$106,830 $127,260 $137,690 $167,274 $165,240 $193,207 $191,174 $1,528,277

$66,830 $68,593 $74,166 $79,739 $85,312 $90,885 $96,458 $789,683

257,389 285,317 309,395 343,127 354,491 395,856 407,221 3,328,358

© Copyright, 2006, JaxWorks, All Rights Reserved.

$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $192,980

$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $184,694

$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $171,010

$41,400 $48,400 $55,400 $62,400 $69,400 $76,400 $83,400 $679,519

$215,989 $236,917 $253,995 $280,727 $285,091 $319,456 $323,821 $2,648,839

$10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $142,000

$19,100 $20,850 $22,600 $24,350 $26,100 $27,850 $29,600 $239,700

$29,450 $32,950 $36,450 $39,950 $43,450 $46,950 $50,450 $381,700

$9,250 $10,050 $10,850 $11,650 $12,450 $13,250 $14,050 $115,800

$9,250 $12,050 $11,993 $13,007 $14,021 $15,036 $16,050 $125,657

$18,500 $22,100 $22,843 $24,657 $26,471 $28,286 $30,100 $241,457

© Copyright, 2006, JaxWorks, All Rights Reserved.

$9,150 $12,050 $11,993 $13,007 $14,021 $15,036 $16,050 $126,557

$18,400 $22,100 $22,843 $24,657 $26,471 $28,286 $30,100 $242,357

$33,420 $36,130 $37,965 $42,635 $45,325 $48,013 $50,945 $421,281

$55,053 $59,683 $62,564 $71,114 $75,705 $80,291 $85,366 $696,375

$88,473 $95,813 $100,529 $113,749 $121,030 $128,304 $136,311 $1,117,656

$154,823 $172,963 $182,664 $203,013 $217,422 $231,825 $246,961 $1,983,170

$247,375 $277,596 $291,813 $324,492 $347,270 $370,038 $394,026 $3,171,460

$10,014 $7,721 $17,582 $18,635 $7,222 $25,818 $13,195 $156,898

$11,521 $11,826 $12,130 $12,435 $12,739 $13,044 $13,348 $140,079

$44,577 $43,198 $53,972 $55,938 $45,439 $64,949 $53,239 $577,135

$23,742 $23,602 $27,109 $27,973 $25,097 $31,224 $27,985 $299,212

$20,835 $19,596 $26,863 $27,966 $20,342 $33,725 $25,254 $277,924

$124,178 $143,774 $170,637 $198,603 $218,945 $252,670 $277,924 $555,847