Profit & Loss

January 1 – December 31, 2022 · Accrual basis · Reconciled to statement periods

$412,860Total revenue

$318,240Total expenses

$94,620Net income

22.9%Net margin

Revenue

1,284 deposits across 3 reconciled accounts

AccountAmount% of revenue

Design services

$348,20084.3%

Retainers & licensing

$64,66015.7%

Total revenue

$412,860100%

Expenses

Categorized to 42 accounts · every line traceable to bank activity

AccountAmount% of revenue

Contractor payments

$87,40021.2%

Wages

$118,00028.6%

Payroll taxes

$11,8002.9%

Employee benefits

$12,8003.1%

Rent (incl. $6,500 related party)

$33,5008.1%

Utilities

$5,4001.3%

Software subscriptions

$14,9003.6%

Equipment & depreciation

$11,2402.7%

Insurance

$8,4002.0%

Professional fees

$6,9001.7%

Marketing

$4,3001.0%

Travel & meals

$2,4500.6%

Bank & merchant fees

$1,1500.3%

Total expenses

$318,24077.1%

Result

Reconciled net income for the year

AccountAmount% of revenue

Net income

$94,62022.9%

✓ Owner contributions of $18,000 recorded to equity — excluded from revenue above.

✓ Rent includes $6,500 paid to a related party — flagged with a preparer note in Tax Details.

✓ Contractor payments reconcile to Contractor Documentation and 1099-NEC totals.