Sole Proprietor Financial Statements

Front

Snapshot of assets, liabilities, equity

Back

Balance Sheet

Front

Revenue, expenses, profit/loss

Back

Income Statement

Front

Cash inflows and outflows

Back

Cash Flow Statement

Front

Resources owned by business

Back

Assets

Front

Obligations owed by business

Back

Liabilities

Front

Owner's claim after liabilities

Back

Owner's Equity

Front

Income from sales/services

Back

Revenue

Front

Costs incurred to earn revenue

Back

Expenses

Front

Profit after expenses

Back

Net Income

Front

Revenue minus cost of goods sold

Back

Gross Profit