A payout is not the same as profit
Company payouts are only one part of the result. Customer sales, commissions and bonuses must be compared with expenses and changes in inventory. Purchasing unsold stock reduces cash, but the entire purchase is not the cost of goods sold.
Review each category
Record the amount and period for every cost: one-off or recurring. Keep the date and description with it. Do not enter a cost twice if it is already included in inventory purchase prices.
What not to call earnings
Unsold inventory, borrowed money and promised but unpaid bonuses are not actual earnings. Expected payouts can be included in a scenario labelled Plan.
Starter kit / enrolment
An enrolment payment that is not inventory. Record the product portion of a starter kit as a purchase to avoid deducting it twice.
Add to calculationRecurring membership
Recurring fees needed to retain access or status.
Add to calculationWebsite / tools / apps
Website, back office, CRM and paid apps.
Add to calculationTraining
Courses, materials and required training.
Add to calculationEvents
Event tickets and attendance charges.
Add to calculationTravel / accommodation
Transport, accommodation and business travel costs.
Add to calculationAdvertising
Ads, promotion and contractor costs.
Add to calculationShipping / packaging
Shipping and packaging not already included in inventory cost.
Add to calculationBank / payment fees
Bank and payment fees. Do not duplicate deductions already set as a sales percentage.
Add to calculationStorage
Storage rent and related costs.
Add to calculationSamples / demonstrations
Demonstration costs. For a sample taken from inventory, record a stock write-off instead of charging its purchase cost a second time.
Add to calculationPhone / internet
Additional business phone and internet costs.
Add to calculationEquipment
Equipment charged in full in the selected period.
Add to calculationTaxes and mandatory payments
Your applicable tax payments and mandatory charges. The calculator does not select a tax regime.
Add to calculationLoan interest
Loan interest. Loan principal is financing, not profit or a profit expense.
Add to calculationInsurance
Business-related insurance payments.
Add to calculationReturns handling
Handling costs beyond the customer refund itself.
Add to calculationOther
Any additional expense with a clear description.
Add to calculation