Fortress

Period Starting: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals
Sales
Product 1 $5,600 $6,350 $5,100 $6,850 $8,600 $8,850 $12,100 $13,850 $16,600 $19,100 $21,600 $24,100 $148,700
Budget $4,790 $5,678 $4,754 $6,501 $7,744 $8,645 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $124,516
Over / (Under Budget) $810 $672 $346 $349 $856 $205 $1,124 $2,618 $2,277 $3,666 $5,057 $6,204 ($24,184)
Product 2 $3,600 $4,350 $16,400 $16,830 $17,260 $17,690 $15,600 $17,350 $8,600 $9,350 $10,100 $10,850 $147,980
Budget $5,595 $5,678 $9,754 $9,168 $18,748 $14,327 $14,907 $15,486 $9,066 $10,645 $8,225 $12,804 $134,401
Over / (Under Budget) ($1,995) ($1,328) $6,646 $7,662 ($1,488) $3,363 $694 $1,864 ($466) ($1,295) $1,876 ($1,954) $13,579
Product 3 $14,600 $25,350 $25,100 $26,850 $32,100 $35,750 $39,400 $43,050 $46,700 $50,350 $54,000 $57,650 $450,900
Budget $5,895 $3,678 $5,754 $7,501 $9,431 $11,320 $13,209 $15,099 $16,988 $18,878 $20,767 $22,656 $151,175
Over / (Under Budget) $8,705 $21,672 $19,346 $19,349 $22,670 $24,430 $26,191 $27,951 $29,712 $31,473 $33,233 $34,994 $299,725
Product 4 $16,850 $17,690 $18,830 $19,260 $20,690 $21,439 $22,364 $23,289 $24,214 $25,139 $26,064 $26,989 $262,818
Budget $8,895 $14,678 $7,754 $6,501 $9,431 $11,320 $13,209 $15,099 $16,988 $18,878 $20,767 $22,656 $166,175
Product 5 $78,600 $88,750 $89,002 $86,850 $96,400 $106,830 $127,260 $137,690 $167,274 $165,240 $193,207 $191,174 $1,528,277
Budget $68,595 $78,595 $78,754 $86,501 $77,744 $99,845 $115,976 $126,232 $174,323 $155,434 $196,543 $197,896 $1,456,438
Over / (Under Budget) $10,005 $10,155 $10,248 $349 $18,656 $6,985 $11,284 $11,458 ($7,050) $9,806 ($3,336) ($6,722) $71,839
Product 6 $36,000 $43,350 $45,100 $46,850 $56,400 $66,830 $68,593 $74,166 $79,739 $85,312 $90,885 $96,458 $789,683
Budget $15,754 $16,501 $15,744 $14,987 $14,982 $14,676 $14,370 $15,419 $14,323 $15,434 $16,543 $17,896 $186,629
Total Sales 155,250 185,840 199,532 203,490 231,450 257,389 285,317 309,395 343,127 354,491 395,856 407,221 3,328,358
Total Sales Budget 109,524 124,808 122,514 131,159 138,079 160,133 182,648 198,566 246,011 234,702 279,387 291,805 2,219,335
Total Over / (Under Budget) $45,726 $61,032 $77,018 $72,331 $93,372 $97,256 $102,670 $110,829 $97,116 $119,789 $116,469 $115,416 $1,109,023
© Copyright, 2006, JaxWorks, All Rights Reserved.

Less Cost of Goods Sold
Materials $3,168 $3,748 $4,327 $4,907 $5,486 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $130,835
Budget $1,595 $1,678 $4,754 $6,501 $8,081 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $118,858
Over / (Under Budget) $1,573 $2,070 ($427) ($1,595) ($2,595) $505 $1,124 $2,618 $1,277 $1,916 $2,557 $2,954 $11,978
Labor $16,400 $16,830 $17,260 $17,690 $15,600 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $192,980
Budget $4,754 $6,501 $8,081 $9,845 $10,976 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $136,406
Over / (Under Budget) $11,646 $10,329 $9,180 $7,845 $4,624 $505 $1,124 $2,618 $1,277 $1,916 $2,557 $2,954 $56,575
Overhead $11,320 $13,209 $15,099 $16,988 $18,878 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $184,694
Budget $2,754 $3,168 $3,748 $4,327 $4,907 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $115,152
Other $9,845 $10,976 $11,232 $14,323 $15,434 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $171,010
Budget $4,327 $4,907 $9,845 $10,976 $11,232 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $137,536
Total Cost of Goods Sold $40,733 $44,763 $47,918 $53,908 $55,398 $41,400 $48,400 $55,400 $62,400 $69,400 $76,400 $83,400 $679,519
Total COG Budget $13,430 $16,254 $26,427 $31,649 $35,195 $39,380 $43,904 $44,928 $57,292 $61,736 $66,172 $71,584 $507,951
Total Over / (Under Budget) $27,303 $28,509 $21,491 $22,259 $20,203 $2,020 $4,496 $10,472 $5,108 $7,664 $10,228 $11,816 $171,568
Gross Profit $114,517 $141,077 $151,614 $149,582 $176,053 $215,989 $236,917 $253,995 $280,727 $285,091 $319,456 $323,821 $2,648,839
Gross Profit Budget $90,567 $95,987 $123,456 $141,587 $158,032 $176,085 $194,138 $212,191 $230,244 $248,297 $266,350 $284,403 $2,221,337
GP Budget Total Over / (Under Budget) $23,950 $45,090 $28,158 $7,995 $18,021 $39,904 $42,779 $41,804 $50,483 $36,794 $53,106 $39,418 $427,502
Operating Expenses
G&A Expenses
Operating Expenses $5,600 $5,850 $5,900 $6,850 $8,600 $10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $142,000
Budget $6,012 $6,045 $6,356 $6,501 $7,744 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $128,907
Over / (Under Budget) ($412) ($195) ($456) $349 $856 $505 $1,124 $2,618 $1,277 $1,916 $2,557 $2,954 $270,907
Payroll Salaries $10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $22,600 $24,350 $26,100 $27,850 $29,600 $239,700
Budget $7,744 $9,845 $10,976 $11,232 $14,323 $15,188 $16,642 $18,097 $19,551 $21,006 $22,460 $23,915 $190,977
Total G&A Expenses $15,950 $17,950 $19,750 $22,450 $25,950 $29,450 $32,950 $36,450 $39,950 $43,450 $46,950 $50,450 $381,700
Total G&A Budget $13,756 $15,890 $17,332 $17,733 $22,067 $25,033 $27,618 $29,329 $33,874 $36,440 $39,003 $41,811 $319,884
Sales Expenses
Budget $6,012 $6,045 $6,356 $6,501 $7,744 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $128,907
Over / (Under Budget) ($512) ($395) $544 $1,249 $706 ($595) ($926) ($382) ($2,673) ($2,984) ($3,293) ($3,846) $244,707
Budget $7,744 $8,845 $9,276 $10,232 $10,998 $11,788 $12,577 $13,367 $14,156 $14,946 $15,735 $16,525 $146,187
Over / (Under Budget) ($2,244) ($3,195) ($2,376) ($2,482) ($2,548) ($2,538) ($527) ($1,374) ($1,149) ($924) ($699) ($475) $271,844
Total Sales Expenses $11,000 $11,300 $13,800 $15,500 $16,900 $18,500 $22,100 $22,843 $24,657 $26,471 $28,286 $30,100 $241,457
Total Sales Expense Budget $13,756 $14,890 $15,632 $16,733 $18,742 $21,633 $23,553 $24,599 $28,479 $30,380 $32,278 $34,421 $275,094
Total Over / (Under Budget) ($2,756) ($3,590) ($1,832) ($1,233) ($1,842) ($3,133) ($1,453) ($1,756) ($3,822) ($3,908) ($3,992) ($4,321) ($33,637)

Marketing Expenses
Budget $6,012 $6,045 $6,356 $6,501 $7,744 $9,845 $10,976 $11,232 $14,323 $15,434 $16,543 $17,896 $128,907
Over / (Under Budget) ($512) ($395) $544 $1,249 $706 ($595) ($926) ($382) ($2,673) ($2,984) ($3,293) ($3,846) $244,707
Budget $7,744 $8,845 $9,276 $10,232 $10,998 $11,788 $12,577 $13,367 $14,156 $14,946 $15,735 $16,525 $146,187
Over / (Under Budget) ($2,144) ($2,195) ($2,376) ($2,682) ($2,448) ($2,638) ($527) ($1,374) ($1,149) ($924) ($699) ($475) $272,744
Total Marketing Expenses $11,100 $12,300 $13,800 $15,300 $17,000 $18,400 $22,100 $22,843 $24,657 $26,471 $28,286 $30,100 $242,357
Total Marketing Expense Budget $13,756 $14,890 $15,632 $16,733 $18,742 $21,633 $23,553 $24,599 $28,479 $30,380 $32,278 $34,421 $275,094
Total Over / (Under Budget) ($2,656) ($2,590) ($1,832) ($1,433) ($1,742) ($3,233) ($1,453) ($1,756) ($3,822) ($3,908) ($3,992) ($4,321) ($32,737)
Research & Development Expenses

Budget $19,595 $21,678 $23,754 $25,501 $27,581 $29,560 $31,539 $33,519 $35,498 $37,478 $39,457 $41,436 $366,595
Budget $19,595 $21,678 $23,754 $25,501 $27,581 $29,560 $31,539 $33,519 $35,498 $37,478 $39,457 $41,436 $366,595
Over / (Under Budget) $15,661 $16,947 $16,786 $18,197 $20,902 $25,493 $28,144 $29,045 $35,616 $38,227 $40,834 $43,929 $1,062,970
Total Research & Development Expenses $56,756 $62,360 $65,448 $70,663 $78,222 $88,473 $95,813 $100,529 $113,749 $121,030 $128,304 $136,311 $1,117,656
Total R&D Expenses Budget $39,190 $43,356 $47,508 $51,002 $55,161 $59,120 $63,079 $67,037 $70,996 $74,955 $78,914 $82,873 $733,190
Total Operating Expenses $94,806 $103,910 $112,798 $123,913 $138,072 $154,823 $172,963 $182,664 $203,013 $217,422 $231,825 $246,961 $1,983,170
Total Payroll Salaries $56,706 $63,025 $68,190 $74,598 $82,832 $92,553 $104,633 $109,149 $121,478 $129,847 $138,212 $147,066 $1,188,289
Total All Operating Expenses

All Operating Expenses $151,512 $166,935 $180,988 $198,511 $220,904 $247,375 $277,596 $291,813 $324,492 $347,270 $370,038 $394,026 $3,171,460
All Operating Expenses Budget $80,458 $89,026 $96,104 $102,201 $114,712 $127,417 $137,803 $145,563 $161,828 $172,154 $182,473 $193,524 $1,603,262
OP Budget Total Over / (Under Budget) $71,054 $77,909 $84,884 $96,310 $106,192 $119,958 $139,793 $146,251 $162,663 $175,116 $187,565 $200,502 $1,568,197
Earnings Before Income Tax $3,738 $18,905 $18,544 $4,979 $10,546 $10,014 $7,721 $17,582 $18,635 $7,222 $25,818 $13,195 $156,898
Budget $1,744 $17,845 $17,276 $5,232 $10,998 $11,788 $12,577 $13,367 $14,156 $14,946 $15,735 $16,525 $152,187
Over / (Under Budget) $1,994 $1,060 $1,268 ($253) ($452) ($1,774) ($4,856) $4,215 $4,479 ($7,724) $10,083 ($3,330) $309,085
Interest income (expense) $10,000 $10,300 $10,609 $10,912 $11,217 $11,521 $11,826 $12,130 $12,435 $12,739 $13,044 $13,348 $140,079
Other income (expense) $20,000 $20,600 $21,218 $21,824 $22,433 $23,042 $23,651 $24,260 $24,869 $25,478 $26,087 $26,696 $280,158
Total Non-operating Income (expense) $30,000 $30,900 $31,827 $32,736 $33,650 $34,563 $35,477 $36,390 $37,304 $38,217 $39,131 $40,044 $420,237
Income (Loss) Before Taxes $33,738 $49,805 $50,371 $37,715 $44,196 $44,577 $43,198 $53,972 $55,938 $45,439 $64,949 $53,239 $577,135
Income Taxes $19,121 $24,212 $24,659 $21,135 $23,354 $23,742 $23,602 $27,109 $27,973 $25,097 $31,224 $27,985 $299,212
Net Income (Loss) $14,617 $25,594 $25,712 $16,580 $20,842 $20,835 $19,596 $26,863 $27,966 $20,342 $33,725 $25,254 $277,924
Budget $41,744 $67,845 $77,276 $55,232 $60,998 $66,388 $70,977 $85,567 $90,156 $64,746 $99,335 $63,925 $844,187
Over / (Under Budget) ($27,127) ($42,252) ($51,564) ($38,652) ($40,156) ($45,553) ($51,381) ($58,703) ($62,190) ($44,404) ($65,610) ($38,671) $1,122,111
Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $82,501 $103,343 $124,178 $143,774 $170,637 $198,603 $218,945 $252,670 $277,924 $555,847

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Sales 1 2 3 4 5 6 7 8 9 10 11 12
Product 1 $5,600 $6,350 $5,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $17,050
Budget $4,790 $5,678 $4,754 $0 $0 $0 $0 $0 $0 $0 $0 $0 $15,222
Over / (Under Budget) $810 $672 $346 $0 $0 $0 $0 $0 $0 $0 $0 $0 ($1,828)
Product 2 $3,600 $4,350 $16,400 $0 $0 $0 $0 $0 $0 $0 $0 $0 $24,350

Budget $5,595 $5,678 $9,754 $0 $0 $0 $0 $0 $0 $0 $0 $0 $21,027
Over / (Under Budget) ($1,995) ($1,328) $6,646 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,323
Product 3 $14,600 $25,350 $25,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $65,050

Budget $5,895 $3,678 $5,754 $0 $0 $0 $0 $0 $0 $0 $0 $0 $15,327
Over / (Under Budget) $8,705 $21,672 $19,346 $0 $0 $0 $0 $0 $0 $0 $0 $0 $49,723
Product 4 $16,850 $17,690 $18,830 $0 $0 $0 $0 $0 $0 $0 $0 $0 $53,370

Budget $8,895 $14,678 $7,754 $0 $0 $0 $0 $0 $0 $0 $0 $0 $31,327
Product 5 $78,600 $88,750 $89,002 $0 $0 $0 $0 $0 $0 $0 $0 $0 $256,352

Budget $68,595 $78,595 $78,754 $0 $0 $0 $0 $0 $0 $0 $0 $0 $225,944
Product 6 $36,000 $43,350 $45,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $124,450

Budget $15,754 $16,501 $15,744 $0 $0 $0 $0 $0 $0 $0 $0 $0 $47,999
Total Sales 155,250 185,840 199,532 - - - - - - - - - 540,622

Total Sales Budget 109,524 124,808 122,514 - - - - - - - - - 356,846
Total Over / (Under Budget) $45,726 $61,032 $77,018 $0 $0 $0 $0 $0 $0 $0 $0 $0 $183,776

Materials $3,168 $3,748 $4,327 $0 $0 $0 $0 $0 $0 $0 $0 $0 $11,243
Budget $1,595 $1,678 $4,754 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,027
Over / (Under Budget) $1,573 $2,070 ($427) $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,216
Labor $16,400 $16,830 $17,260 $0 $0 $0 $0 $0 $0 $0 $0 $0 $50,490

Budget $4,754 $6,501 $8,081 $0 $0 $0 $0 $0 $0 $0 $0 $0 $19,336
Overhead $11,320 $13,209 $15,099 $0 $0 $0 $0 $0 $0 $0 $0 $0 $39,628

Budget $2,754 $3,168 $3,748 $0 $0 $0 $0 $0 $0 $0 $0 $0 $9,670
Other $9,845 $10,976 $11,232 $0 $0 $0 $0 $0 $0 $0 $0 $0 $32,053

Budget $4,327 $4,907 $9,845 $0 $0 $0 $0 $0 $0 $0 $0 $0 $19,079
Total Cost of Goods Sold $40,733 $44,763 $47,918 $0 $0 $0 $0 $0 $0 $0 $0 $0 $133,413

Total COG Budget $13,430 $16,254 $26,427 $0 $0 $0 $0 $0 $0 $0 $0 $0 $56,111
Gross Profit $114,517 $141,077 $151,614 $0 $0 $0 $0 $0 $0 $0 $0 $0 $407,209

Gross Profit Budget $90,567 $95,987 $123,456 $0 $0 $0 $0 $0 $0 $0 $0 $0 $310,010
GP Budget Total Over / (Under Budget) $23,950 $45,090 $28,158 $0 $0 $0 $0 $0 $0 $0 $0 $0 $97,199
Operating Expenses
G&A Expenses
Operating Expenses $5,600 $5,850 $5,900 $0 $0 $0 $0 $0 $0 $0 $0 $0 $17,350
Budget $6,012 $6,045 $6,356 $0 $0 $0 $0 $0 $0 $0 $0 $0 $18,413
Over / (Under Budget) ($412) ($195) ($456) $0 $0 $0 $0 $0 $0 $0 $0 $0 $35,763
Payroll Salaries $10,350 $12,100 $13,850 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,300

Budget $7,744 $9,845 $10,976 $0 $0 $0 $0 $0 $0 $0 $0 $0 $28,565
Total G&A Expenses $15,950 $17,950 $19,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $53,650

Total G&A Budget $13,756 $15,890 $17,332 $0 $0 $0 $0 $0 $0 $0 $0 $0 $46,978
Sales Expenses
Budget $6,012 $6,045 $6,356 $0 $0 $0 $0 $0 $0 $0 $0 $0 $18,413
Over / (Under Budget) ($512) ($395) $544 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,463

Budget $7,744 $8,845 $9,276 $0 $0 $0 $0 $0 $0 $0 $0 $0 $25,865
Over / (Under Budget) ($2,244) ($3,195) ($2,376) $0 $0 $0 $0 $0 $0 $0 $0 $0 $43,915
Total Sales Expenses $11,000 $11,300 $13,800 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,100

Total Sales Expense Budget $13,756 $14,890 $15,632 $0 $0 $0 $0 $0 $0 $0 $0 $0 $44,278
Total Over / (Under Budget) ($2,756) ($3,590) ($1,832) $0 $0 $0 $0 $0 $0 $0 $0 $0 ($8,178)

Marketing Expenses
Budget $6,012 $6,045 $6,356 $0 $0 $0 $0 $0 $0 $0 $0 $0 $18,413
Over / (Under Budget) ($512) ($395) $544 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,463

Budget $7,744 $8,845 $9,276 $0 $0 $0 $0 $0 $0 $0 $0 $0 $25,865
Total Marketing Expenses $11,100 $12,300 $13,800 $0 $0 $0 $0 $0 $0 $0 $0 $0 $37,200

Total Marketing Expense Budget $13,756 $14,890 $15,632 $0 $0 $0 $0 $0 $0 $0 $0 $0 $44,278
Total Over / (Under Budget) ($2,656) ($2,590) ($1,832) $0 $0 $0 $0 $0 $0 $0 $0 $0 ($7,078)

Budget $19,595 $21,678 $23,754 $0 $0 $0 $0 $0 $0 $0 $0 $0 $65,027

Budget $19,595 $21,678 $23,754 $0 $0 $0 $0 $0 $0 $0 $0 $0 $65,027
Total Research & Development Expenses $56,756 $62,360 $65,448 $0 $0 $0 $0 $0 $0 $0 $0 $0 $184,564

Total R&D Expenses Budget $39,190 $43,356 $47,508 $0 $0 $0 $0 $0 $0 $0 $0 $0 $130,054
Total Operating Expenses $94,806 $103,910 $112,798 $0 $0 $0 $0 $0 $0 $0 $0 $0 $311,514

Total Payroll Salaries $56,706 $63,025 $68,190 $0 $0 $0 $0 $0 $0 $0 $0 $0 $187,921

All Operating Expenses $151,512 $166,935 $180,988 $0 $0 $0 $0 $0 $0 $0 $0 $0 $499,435
All Operating Expenses Budget $80,458 $89,026 $96,104 $0 $0 $0 $0 $0 $0 $0 $0 $0 $265,588
OP Budget Total Over / (Under Budget) $71,054 $77,909 $84,884 $0 $0 $0 $0 $0 $0 $0 $0 $0 $233,847
Earnings Before Income Tax $3,738 $18,905 $18,544 $0 $0 $0 $0 $0 $0 $0 $0 $0 $41,187

Budget $1,744 $17,845 $17,276 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,865
Interest income (expense) $10,000 $10,300 $10,609 $0 $0 $0 $0 $0 $0 $0 $0 $0 $30,909

Other income (expense) $20,000 $20,600 $21,218 $0 $0 $0 $0 $0 $0 $0 $0 $0 $61,818
Total Non-operating Income (expense) $30,000 $30,900 $31,827 $0 $0 $0 $0 $0 $0 $0 $0 $0 $92,727
Income (Loss) Before Taxes $33,738 $49,805 $50,371 $0 $0 $0 $0 $0 $0 $0 $0 $0 $133,914
Income Taxes $19,121 $24,212 $24,659 $0 $0 $0 $0 $0 $0 $0 $0 $0 $67,992
Net Income (Loss) $14,617 $25,594 $25,712 $0 $0 $0 $0 $0 $0 $0 $0 $0 $65,922

Budget $41,744 $67,845 $77,276 $0 $0 $0 $0 $0 $0 $0 $0 $0 $186,865
Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $65,922 $65,922 $65,922 $65,922 $65,922 $65,922 $65,922 $65,922 $65,922 $131,843

JaxWorks Small Business Spreadsheet Factory™
Since 1996, JaxWorks has offered a suite of Free Excel workbooks and spreadsheets, and associated MS Word, PDF and
HTML documents, that cover a number of financial, accounting and sales functions. These are invaluable small business
tools.
Also included Free are:

- Business plan tools, including spreadsheets and excellent instructions
- Excel functions glossary and guide;
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commercial books.
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- Suite of online calculators, including, breakeven analysis, productivity analysis, business evaluation;
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- and payroll analysis.
If you are involved in financial analysis at any level, or want to learn more about MS Excel and other applications in the
Office suite this site is invaluable.
© Copyright, 2014, Jaxworks, All Rights Reserved.

Fortress™ Budget Analysis System
The art or practice of strengthening or creating defenses is to create a fortress. This same principle applies to a business. The fort is the business and the
surrounding defensive walls is the budget. Fortress™ is designed to financially manage a business through 12 months of performance by using budgeting as a
primary tool - not an afterthought. Major goals are attained by setting and attaining small goals. This system helps you do that.
What is a Budget?
Although you might not know it, you prepare a budget each time you estimate how much cash you will have left at the end of the month after paying your bills. A
budget is a forecast of all cash sources and cash expenditures. It is organized in the same format as a financial statement, and most commonly covers a year. At the
end of the year, the anticipated income and expenses developed in the budget are compared to the actual performance of the business as recorded in the financial
statement.
Why Create a Budget?

A budget can greatly enhance your chances of success by helping you estimate future needs and plan profits, spending and overall cash flow. A budget allows you
to perceive problems before they occur and alter your plans to prevent those problems. Fortress™ covers the basic concept of budgeting and takes you
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 you decide whether you have enough money to achieve your
financial goals. As part of a business plan, a budget can help convince a loan officer that you know your business and have anticipated its needs.
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.
Next

he business and the
sing budgeting as a
er paying your bills. A

y covers a year. At the
corded in the financial
. A budget allows you

eting and takes you
money to achieve your

ds.
Next

Fortress™ 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. Instructions for their use is included in the Fortress
folder. Open Whatif.xls for step-by-step lessons.
8) All analysis sheets have been preset for printing.
9) Fortress™ 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 consolidation of monthly actuals vs. budget
displayed in calendar quarters.
11) Lastly, Fortress™ automatically forecasts an annual budget trend with as little as 3 months data input. The Forecast Budget Analyzer
forecasts the necessary sales and budgets for the year.
Back Next

ess
Next

Period Starting: Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Sales 1 2 3 4 5 6 7 8 9 10
Product 1 $5,600 $6,350 $5,100 $6,850 $8,600 $8,850 $12,100 $13,850 $16,600 $19,100
Budget $4,790 $5,678 $4,754 $6,501 $7,744 $8,645 $10,976 $11,232 $14,323 $15,434
Over / (Under Budget) $810 $672 $346 $349 $856 $205 $1,124 $2,618 $2,277 $3,666
Product 2 $3,600 $4,350 $16,400 $16,830 $17,260 $17,690 $15,600 $17,350 $8,600 $9,350
Budget $5,595 $5,678 $9,754 $9,168 $18,748 $14,327 $14,907 $15,486 $9,066 $10,645
Over / (Under Budget) ($1,995) ($1,328) $6,646 $7,662 ($1,488) $3,363 $694 $1,864 ($466) ($1,295)
Product 3 $14,600 $25,350 $25,100 $26,850 $32,100 $35,750 $39,400 $43,050 $46,700 $50,350
Budget $5,895 $3,678 $5,754 $7,501 $9,431 $11,320 $13,209 $15,099 $16,988 $18,878
Over / (Under Budget) $8,705 $21,672 $19,346 $19,349 $22,670 $24,430 $26,191 $27,951 $29,712 $31,473
Product 4 $16,850 $17,690 $18,830 $19,260 $20,690 $21,439 $22,364 $23,289 $24,214 $25,139
Budget $8,895 $14,678 $7,754 $6,501 $9,431 $11,320 $13,209 $15,099 $16,988 $18,878
Product 5 $78,600 $88,750 $89,002 $86,850 $96,400 $106,830 $127,260 $137,690 $167,274 $165,240
Budget $68,595 $78,595 $78,754 $86,501 $77,744 $99,845 $115,976 $126,232 $174,323 $155,434
Over / (Under Budget) $10,005 $10,155 $10,248 $349 $18,656 $6,985 $11,284 $11,458 ($7,050) $9,806
Product 6 $36,000 $43,350 $45,100 $46,850 $56,400 $66,830 $68,593 $74,166 $79,739 $85,312
Budget $15,754 $16,501 $15,744 $14,987 $14,982 $14,676 $14,370 $15,419 $14,323 $15,434
Total Sales 155,250 185,840 199,532 203,490 231,450 257,389 285,317 309,395 343,127 354,491
Total Sales Budget 109,524 124,808 122,514 131,159 138,079 160,133 182,648 198,566 246,011 234,702
Total Over / (Under Budget) $45,726 $61,032 $77,018 $72,331 $93,372 $97,256 $102,670 $110,829 $97,116 $119,789

Materials $3,168 $3,748 $4,327 $4,907 $5,486 $10,350 $12,100 $13,850 $15,600 $17,350
Budget $1,595 $1,678 $4,754 $6,501 $8,081 $9,845 $10,976 $11,232 $14,323 $15,434
Over / (Under Budget) $1,573 $2,070 ($427) ($1,595) ($2,595) $505 $1,124 $2,618 $1,277 $1,916
Labor $16,400 $16,830 $17,260 $17,690 $15,600 $10,350 $12,100 $13,850 $15,600 $17,350
Budget $4,754 $6,501 $8,081 $9,845 $10,976 $9,845 $10,976 $11,232 $14,323 $15,434
Over / (Under Budget) $11,646 $10,329 $9,180 $7,845 $4,624 $505 $1,124 $2,618 $1,277 $1,916
Overhead $11,320 $13,209 $15,099 $16,988 $18,878 $10,350 $12,100 $13,850 $15,600 $17,350
Budget $2,754 $3,168 $3,748 $4,327 $4,907 $9,845 $10,976 $11,232 $14,323 $15,434
Other $9,845 $10,976 $11,232 $14,323 $15,434 $10,350 $12,100 $13,850 $15,600 $17,350
Budget $4,327 $4,907 $9,845 $10,976 $11,232 $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 $41,400 $48,400 $55,400 $62,400 $69,400
Total COG Budget $13,430 $16,254 $26,427 $31,649 $35,195 $39,380 $43,904 $44,928 $57,292 $61,736
Gross Profit $114,517 $141,077 $151,614 $149,582 $176,053 $215,989 $236,917 $253,995 $280,727 $285,091
Gross Profit Budget $90,567 $95,987 $123,456 $141,587 $158,032 $176,085 $194,138 $212,191 $230,244 $248,297
GP Budget Total Over / (Under Budget) $23,950 $45,090 $28,158 $7,995 $18,021 $39,904 $42,779 $41,804 $50,483 $36,794
Operating Expenses
G&A Expenses
Operating Expenses $5,600 $5,850 $5,900 $6,850 $8,600 $10,350 $12,100 $13,850 $15,600 $17,350
Budget $6,012 $6,045 $6,356 $6,501 $7,744 $9,845 $10,976 $11,232 $14,323 $15,434
Over / (Under Budget) ($412) ($195) ($456) $349 $856 $505 $1,124 $2,618 $1,277 $1,916
Payroll Salaries $10,350 $12,100 $13,850 $15,600 $17,350 $19,100 $20,850 $22,600 $24,350 $26,100
Budget $7,744 $9,845 $10,976 $11,232 $14,323 $15,188 $16,642 $18,097 $19,551 $21,006
Total G&A Expenses $15,950 $17,950 $19,750 $22,450 $25,950 $29,450 $32,950 $36,450 $39,950 $43,450
Total G&A Budget $13,756 $15,890 $17,332 $17,733 $22,067 $25,033 $27,618 $29,329 $33,874 $36,440
Sales Expenses
Budget $6,012 $6,045 $6,356 $6,501 $7,744 $9,845 $10,976 $11,232 $14,323 $15,434
Over / (Under Budget) ($512) ($395) $544 $1,249 $706 ($595) ($926) ($382) ($2,673) ($2,984)
Budget $7,744 $8,845 $9,276 $10,232 $10,998 $11,788 $12,577 $13,367 $14,156 $14,946
Over / (Under Budget) ($2,244) ($3,195) ($2,376) ($2,482) ($2,548) ($2,538) ($527) ($1,374) ($1,149) ($924)
Total Sales Expenses $11,000 $11,300 $13,800 $15,500 $16,900 $18,500 $22,100 $22,843 $24,657 $26,471
Total Sales Expense Budget $13,756 $14,890 $15,632 $16,733 $18,742 $21,633 $23,553 $24,599 $28,479 $30,380
Total Over / (Under Budget) ($2,756) ($3,590) ($1,832) ($1,233) ($1,842) ($3,133) ($1,453) ($1,756) ($3,822) ($3,908)

Marketing Expenses
Budget $6,012 $6,045 $6,356 $6,501 $7,744 $9,845 $10,976 $11,232 $14,323 $15,434
Over / (Under Budget) ($512) ($395) $544 $1,249 $706 ($595) ($926) ($382) ($2,673) ($2,984)
Budget $7,744 $8,845 $9,276 $10,232 $10,998 $11,788 $12,577 $13,367 $14,156 $14,946
Over / (Under Budget) ($2,144) ($2,195) ($2,376) ($2,682) ($2,448) ($2,638) ($527) ($1,374) ($1,149) ($924)
Total Marketing Expenses $11,100 $12,300 $13,800 $15,300 $17,000 $18,400 $22,100 $22,843 $24,657 $26,471
Total Marketing Expense Budget $13,756 $14,890 $15,632 $16,733 $18,742 $21,633 $23,553 $24,599 $28,479 $30,380
Total Over / (Under Budget) ($2,656) ($2,590) ($1,832) ($1,433) ($1,742) ($3,233) ($1,453) ($1,756) ($3,822) ($3,908)

Budget $19,595 $21,678 $23,754 $25,501 $27,581 $29,560 $31,539 $33,519 $35,498 $37,478
Budget $19,595 $21,678 $23,754 $25,501 $27,581 $29,560 $31,539 $33,519 $35,498 $37,478
Total Research & Development Expenses $56,756 $62,360 $65,448 $70,663 $78,222 $88,473 $95,813 $100,529 $113,749 $121,030
Total R&D Expenses Budget $39,190 $43,356 $47,508 $51,002 $55,161 $59,120 $63,079 $67,037 $70,996 $74,955
Total Operating Expenses $94,806 $103,910 $112,798 $123,913 $138,072 $154,823 $172,963 $182,664 $203,013 $217,422
Total Payroll Salaries $56,706 $63,025 $68,190 $74,598 $82,832 $92,553 $104,633 $109,149 $121,478 $129,847

All Operating Expenses $151,512 $166,935 $180,988 $198,511 $220,904 $247,375 $277,596 $291,813 $324,492 $347,270
All Operating Expenses Budget $80,458 $89,026 $96,104 $102,201 $114,712 $127,417 $137,803 $145,563 $161,828 $172,154
OP Budget Total Over / (Under Budget) $71,054 $77,909 $84,884 $96,310 $106,192 $119,958 $139,793 $146,251 $162,663 $175,116
Earnings Before Income Tax $3,738 $18,905 $18,544 $4,979 $10,546 $10,014 $7,721 $17,582 $18,635 $7,222
Budget $1,744 $17,845 $17,276 $5,232 $10,998 $11,788 $12,577 $13,367 $14,156 $14,946
Over / (Under Budget) $1,994 $1,060 $1,268 ($253) ($452) ($1,774) ($4,856) $4,215 $4,479 ($7,724)
Interest income (expense) $10,000 $10,300 $10,609 $10,912 $11,217 $11,521 $11,826 $12,130 $12,435 $12,739
Other income (expense) $20,000 $20,600 $21,218 $21,824 $22,433 $23,042 $23,651 $24,260 $24,869 $25,478
Total Non-operating Income (expense) $30,000 $30,900 $31,827 $32,736 $33,650 $34,563 $35,477 $36,390 $37,304 $38,217
Income (Loss) Before Taxes $33,738 $49,805 $50,371 $37,715 $44,196 $44,577 $43,198 $53,972 $55,938 $45,439
Income Taxes $19,121 $24,212 $24,659 $21,135 $23,354 $23,742 $23,602 $27,109 $27,973 $25,097
Net Income (Loss) $14,617 $25,594 $25,712 $16,580 $20,842 $20,835 $19,596 $26,863 $27,966 $20,342
Budget $41,744 $67,845 $77,276 $55,232 $60,998 $66,388 $70,977 $85,567 $90,156 $64,746
Over / (Under Budget) ($27,127) ($42,252) ($51,564) ($38,652) ($40,156) ($45,553) ($51,381) ($58,703) ($62,190) ($44,404)
Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $82,501 $103,343 $124,178 $143,774 $170,637 $198,603 $218,945

Nov Dec Totals
11 12
$21,600 $24,100 $148,700
$16,543 $17,896 $124,516
$5,057 $6,204 ($24,184)
$10,100 $10,850 $147,980

$8,225 $12,804 $134,401
$1,876 ($1,954) $13,579
$54,000 $57,650 $450,900

$20,767 $22,656 $151,175
$33,233 $34,994 $299,725
$26,064 $26,989 $262,818

$20,767 $22,656 $166,175
$5,297 $4,333 $96,643
$193,207 $191,174 $1,528,277

$196,543 $197,896 $1,456,438
($3,336) ($6,722) $71,839
$90,885 $96,458 $789,683

$16,543 $17,896 $186,629
$74,342 $78,562 $603,054
395,856 407,221 3,328,358

279,387 291,805 2,219,335
$116,469 $115,416 $1,109,023

$19,100 $20,850 $130,835
$16,543 $17,896 $118,858
$2,557 $2,954 $11,978
$19,100 $20,850 $192,980

$16,543 $17,896 $136,406
$2,557 $2,954 $56,575
$19,100 $20,850 $184,694

$16,543 $17,896 $115,152
$2,557 $2,954 $69,542
$19,100 $20,850 $171,010

$16,543 $17,896 $137,536
$2,557 $2,954 $33,475
$76,400 $83,400 $679,519

$66,172 $71,584 $507,951
$10,228 $11,816 $171,568
$319,456 $323,821 $2,648,839

$266,350 $284,403 $2,221,337
$53,106 $39,418 $427,502
$19,100 $20,850 $142,000

$16,543 $17,896 $128,907
$2,557 $2,954 $270,907
$27,850 $29,600 $239,700

$22,460 $23,915 $190,977
$5,390 $5,686 $430,677
$46,950 $50,450 $381,700

$39,003 $41,811 $319,884
$7,947 $8,640 $61,816
$13,250 $14,050 $115,800

$16,543 $17,896 $128,907
($3,293) ($3,846) $244,707
$15,036 $16,050 $125,657

$15,735 $16,525 $146,187
($699) ($475) $271,844
$28,286 $30,100 $241,457

$32,278 $34,421 $275,094
($3,992) ($4,321) ($33,637)

$13,250 $14,050 $115,800
$16,543 $17,896 $128,907
($3,293) ($3,846) $244,707
$15,036 $16,050 $126,557

$15,735 $16,525 $146,187
($699) ($475) $272,744
$28,286 $30,100 $242,357

$32,278 $34,421 $275,094
($3,992) ($4,321) ($32,737)
$48,013 $50,945 $421,281

$39,457 $41,436 $366,595
$8,556 $9,509 $787,876
$80,291 $85,366 $696,375

$39,457 $41,436 $366,595
$40,834 $43,929 $1,062,970
$128,304 $136,311 $1,117,656

$78,914 $82,873 $733,190
$49,390 $53,438 $384,466
$231,825 $246,961 $1,983,170

$138,212 $147,066 $1,188,289
$370,038 $394,026 $3,171,460

$182,473 $193,524 $1,603,262
$187,565 $200,502 $1,568,197
$25,818 $13,195 $156,898

$15,735 $16,525 $152,187
$10,083 ($3,330) $309,085
$13,044 $13,348 $140,079

$26,087 $26,696 $280,158
$39,131 $40,044 $420,237
$64,949 $53,239 $577,135
$31,224 $27,985 $299,212
$33,725 $25,254 $277,924

$99,335 $63,925 $844,187
($65,610) ($38,671) $1,122,111
$252,670 $277,924 $555,847

Period Starting: Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Sales 1 2 3 4 5 6 7 8 9 10
Product 1 $5,600 $6,350 $5,100 $5,183 $4,933 $4,683 $4,433 $4,183 $3,933 $3,683
Budget $4,790 $5,678 $4,754 $5,038 $5,020 $5,002 $4,984 $4,966 $4,948 $4,930
Over / (Under Budget) $810 $672 $346 $145 ($87) ($319) ($551) ($783) ($1,015) ($1,247)
Product 2 $3,600 $4,350 $16,400 $20,917 $27,317 $33,717 $40,117 $46,517 $52,917 $59,317
Budget $5,595 $5,678 $9,754 $11,168 $13,248 $15,327 $17,407 $19,486 $21,566 $23,645
Over / (Under Budget) ($1,995) ($1,328) $6,646 $9,749 $14,069 $18,390 $22,710 $27,031 $31,351 $35,672
Product 3 $14,600 $25,350 $25,100 $32,183 $37,433 $42,683 $47,933 $53,183 $58,433 $63,683
Budget $5,895 $3,678 $5,754 $4,968 $4,898 $4,827 $4,757 $4,686 $4,616 $4,545
Product 4 $16,850 $17,690 $18,830 $19,770 $20,760 $21,750 $22,740 $23,730 $24,720 $25,710
Budget $8,895 $14,678 $7,754 $9,301 $8,731 $8,160 $7,590 $7,019 $6,449 $5,878
Product 5 $78,600 $88,750 $89,002 $95,853 $101,054 $106,255 $111,456 $116,657 $121,858 $127,059
Budget $68,595 $78,595 $78,754 $85,474 $90,553 $95,633 $100,712 $105,792 $110,871 $115,951
Product 6 $36,000 $43,350 $45,100 $50,583 $55,133 $59,683 $64,233 $68,783 $73,333 $77,883
Budget $15,754 $16,501 $15,744 $15,990 $15,985 $15,980 $15,975 $15,970 $15,965 $15,960
Total Sales $155,250 $185,840 $199,532 $224,489 $246,630 $268,771 $290,912 $313,053 $335,194 $357,335
Total Sales Budget 109,524 124,808 122,514 $131,939 $138,434 $144,929 $151,424 $157,919 $164,414 $170,909

Materials $3,168 $3,748 $4,327 $4,907 $5,486 $6,066 $6,645 $7,225 $7,804 $8,384
Budget $1,595 $1,678 $4,754 $5,835 $7,414 $8,994 $10,573 $12,153 $13,732 $15,312
Over / (Under Budget) $1,573 $2,070 ($427) ($928) ($1,928) ($2,928) ($3,928) ($4,928) ($5,928) ($6,928)
Labor $16,400 $16,830 $17,260 $17,690 $18,120 $18,550 $18,980 $19,410 $19,840 $20,270
Budget $4,754 $6,501 $8,081 $9,772 $11,435 $13,098 $14,761 $16,425 $18,088 $19,751
Over / (Under Budget) $11,646 $10,329 $9,180 $7,918 $6,685 $5,452 $4,219 $2,985 $1,752 $519
Overhead $11,320 $13,209 $15,099 $16,988 $18,878 $20,767 $22,656 $24,546 $26,435 $28,325
Budget $2,754 $3,168 $3,748 $4,217 $4,713 $5,210 $5,707 $6,204 $6,700 $7,197
Other $9,845 $10,976 $11,232 $12,071 $12,765 $13,458 $14,152 $14,845 $15,539 $16,232
Budget $4,327 $4,907 $9,845 $11,878 $14,637 $17,396 $20,155 $22,914 $25,673 $28,432
Over / (Under Budget) $5,518 $6,070 $1,387 $194 ($1,872) ($3,937) ($6,003) ($8,068) ($10,134) ($12,199)
Total Cost of Goods Sold $40,733 $44,763 $47,918 $51,656 $55,248 $58,841 $62,433 $66,026 $69,618 $73,210
Total COG Budget $13,430 $16,254 $26,427 $31,701 $38,199 $44,698 $51,196 $57,695 $64,193 $70,692
Gross Profit $114,517 $141,077 $151,614 $172,833 $191,382 $209,931 $228,479 $247,028 $265,576 $284,125
Gross Profit Budget $90,567 $95,987 $123,456 $136,226 $152,670 $169,115 $185,559 $202,004 $218,448 $234,893
GP Budget Total Over / (Under Budget) $23,950 $45,090 $28,158 $36,608 $38,712 $40,816 $42,920 $45,024 $47,128 $49,232
Operating Expenses
G&A Expenses
Budget $6,012 $6,045 $6,356 $6,482 $6,654 $6,826 $6,998 $7,170 $7,342 $7,514
Over / (Under Budget) ($412) ($195) ($456) ($398) ($420) ($442) ($464) ($486) ($508) ($530)
Budget $7,744 $9,845 $10,976 $12,754 $14,370 $15,986 $17,602 $19,218 $20,834 $22,450
Total G&A Expenses 15,950 17,950 19,750 $21,683 $23,583 $25,483 $27,383 $29,283 $31,183 $33,083
Total G&A Budget $13,756 $15,890 $17,332 $19,235 $21,023 $22,811 $24,599 $26,387 $28,175 $29,963
Sales Expenses
Budget $6,012 $6,045 $6,356 $6,482 $6,654 $6,826 $6,998 $7,170 $7,342 $7,514
Over / (Under Budget) ($512) ($395) $544 $935 $1,463 $1,991 $2,519 $3,047 $3,575 $4,103
Budget $7,744 $8,845 $9,276 $10,154 $10,920 $11,686 $12,452 $13,218 $13,984 $14,750
Total Sales Expenses $11,000 $11,300 $13,800 $14,833 $16,233 $17,633 $19,033 $20,433 $21,833 $23,233
Total Sales Expense Budget $13,756 $14,890 $15,632 $16,635 $17,573 $18,511 $19,449 $20,387 $21,325 $22,263
Total Over / (Under Budget) ($2,756) ($3,590) ($1,832) ($1,802) ($1,340) ($878) ($416) $46 $508 $970

Marketing Expenses
Budget $6,012 $6,045 $6,356 $6,482 $6,654 $6,826 $6,998 $7,170 $7,342 $7,514
Over / (Under Budget) ($512) ($395) $544 $935 $1,463 $1,991 $2,519 $3,047 $3,575 $4,103
Budget $7,744 $8,845 $9,276 $10,154 $10,920 $11,686 $12,452 $13,218 $13,984 $14,750
Total Marketing Expenses $11,100 $12,300 $13,800 $15,100 $16,450 $17,800 $19,150 $20,500 $21,850 $23,200
Total Marketing Expense Budget $13,756 $14,890 $15,632 $16,635 $17,573 $18,511 $19,449 $20,387 $21,325 $22,263
Total Over / (Under Budget) ($2,656) ($2,590) ($1,832) ($1,535) ($1,123) ($711) ($299) $113 $525 $937

Budget $19,595 $21,678 $23,754 $25,835 $27,914 $29,994 $32,073 $34,153 $36,232 $38,312
Over / (Under Budget) $1,905 $2,057 $1,154 $954 $579 $203 ($172) ($548) ($923) ($1,299)
Budget $19,595 $21,678 $23,754 $25,835 $27,914 $29,994 $32,073 $34,153 $36,232 $38,312
Total Research & Development Expenses $56,756 $62,360 $65,448 $70,213 $74,559 $78,905 $83,251 $87,597 $91,943 $96,289
Total R&D Expenses Budget $39,190 $43,356 $47,508 $51,669 $55,828 $59,987 $64,146 $68,305 $72,464 $76,623
Total Operating Expenses $94,806 $103,910 $112,798 $121,830 $130,826 $139,822 $148,818 $157,814 $166,810 $175,806
Total Payroll Salaries $56,706 $63,025 $68,190 $74,124 $79,866 $85,608 $91,350 $97,092 $102,834 $108,576

All Operating Expenses $151,512 $166,935 $180,988 $195,954 $210,692 $225,430 $240,168 $254,906 $269,644 $284,382
All Operating Expenses Budget $80,458 $89,026 $96,104 $104,175 $111,998 $119,821 $127,644 $135,467 $143,290 $151,113
OP Budget Total Over / (Under Budget) $71,054 $77,909 $84,884 $91,779 $98,694 $105,609 $112,524 $119,439 $126,354 $133,269
Earnings Before Income Tax $3,738 $18,905 $18,544 $28,535 $35,938 $43,341 $50,744 $58,147 $65,550 $72,953
Budget $1,744 $17,845 $17,276 $27,820 $35,586 $43,352 $51,118 $58,884 $66,650 $74,416
Over / (Under Budget) $1,994 $1,060 $1,268 $715 $352 ($11) ($374) ($737) ($1,100) ($1,463)
Interest income (expense) $10,000 $10,300 $10,609 $10,912 $11,217 $11,521 $11,826 $12,130 $12,435 $12,739
Other income (expense) $20,000 $20,600 $21,218 $21,824 $22,433 $23,042 $23,651 $24,260 $24,869 $25,478
Total Non-operating Income (expense) $30,000 $30,900 $31,827 $32,736 $33,650 $34,563 $35,477 $36,390 $37,304 $38,217
Income (Loss) Before Taxes $33,738 $49,805 $50,371 $61,271 $69,588 $77,904 $86,221 $94,537 $102,854 $111,170
Income Taxes $19,121 $24,212 $24,659 $28,202 $30,971 $33,740 $36,509 $39,278 $42,047 $44,816
Net Income (Loss) $14,617 $25,594 $25,712 $33,069 $38,616 $44,164 $49,711 $55,259 $60,806 $66,354
Budget $41,744 $67,845 $77,276 $97,820 $115,586 $133,352 $151,118 $168,884 $186,650 $204,416
Cumulative Net Income (Loss) $14,617 $40,210 $65,922 $91,555 $117,207 $142,860 $168,512 $194,165 $219,817 $245,470

Nov Dec Totals
11 12
$3,433 $3,183 $54,700
$4,912 $4,894 $59,916
($1,479) ($1,711) $5,216
$65,717 $72,117 $443,000

$25,725 $27,804 $196,401
$39,992 $44,313 $246,599
$68,933 $74,183 $543,700

$4,475 $4,404 $57,501
$64,459 $69,779 $486,199
$26,700 $27,690 $266,940

$5,308 $4,737 $94,501
$21,392 $22,953 $172,439
$132,260 $137,461 $1,306,262

$121,030 $126,110 $1,178,069
$11,230 $11,351 $128,193
$82,433 $86,983 $743,500

$15,955 $15,950 $191,726
$66,479 $71,034 $551,774
$379,476 $401,617 3,358,102

$177,404 $183,899 1,778,114
$202,073 $217,719 $1,579,988

$8,963 $9,543 $76,263
$16,891 $18,471 $117,401
($7,928) ($8,928) ($41,138)
$20,700 $21,130 $225,180

$21,414 $23,078 $167,158
($714) ($1,948) $58,023
$30,214 $32,103 $260,539

$7,694 $8,191 $65,503
$22,520 $23,913 $195,037
$16,926 $17,619 $165,661

$31,191 $33,950 $225,300
($14,265) ($16,330) ($59,639)
$76,803 $80,395 $727,643

$77,190 $83,689 $575,361
($387) ($3,293) $152,282
$302,674 $321,222 $2,630,459

$251,337 $267,782 $2,128,043
$51,336 $53,441 $502,416
$7,133 $7,283 $77,500

$7,686 $7,858 $82,940
($552) ($574) $160,440
$27,850 $29,600 $239,700

$24,066 $25,682 $201,524
$3,784 $3,918 $441,224
$34,983 $36,883 $317,200

$31,751 $33,539 $284,464
$3,232 $3,344 $32,736
$12,317 $13,017 $110,000

$7,686 $7,858 $82,940
$4,631 $5,159 $192,940
$12,317 $13,017 $110,000

$15,516 $16,282 $144,824
($3,199) ($3,265) $254,824
$24,633 $26,033 $220,000

$23,201 $24,139 $227,764
$1,432 $1,894 ($7,764)

$12,317 $13,017 $110,000
$7,686 $7,858 $82,940
$4,631 $5,159 $192,940
$12,233 $12,883 $111,700

$15,516 $16,282 $144,824
($3,282) ($3,398) $256,524
$24,550 $25,900 $221,700

$23,201 $24,139 $227,764
$1,349 $1,761 ($6,064)
$38,717 $40,421 $372,588

$40,391 $42,471 $372,401
($1,674) ($2,050) $744,989
$61,918 $64,560 $600,352

$40,391 $42,471 $372,401
$21,527 $22,090 $972,753
$100,635 $104,981 $972,940

$80,782 $84,941 $744,802
$19,853 $20,040 $228,138
$184,802 $193,798 $1,731,840

$114,318 $120,060 $1,061,752
$299,120 $313,858 $2,793,592

$158,936 $166,759 $1,484,794
$140,184 $147,099 $1,308,798
$80,356 $87,759 $564,510

$82,182 $89,948 $566,824
($1,826) ($2,189) $1,131,334
$13,044 $13,348 $140,079

$26,087 $26,696 $280,158
$39,131 $40,044 $420,237
$119,487 $127,803 $984,747
$47,585 $50,354 $421,495
$71,901 $77,449 $563,252

$222,182 $239,948 $1,706,824
($150,281) ($162,499) $2,270,076
$271,122 $296,775 $860,027

Annual Budget Analysis
Average
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Totals Budget
$ % $ % $ % $ % Over/Under
Sales
Total Sales $540,622 100.00% $692,329 100.00% $937,839 100.00% $1,157,568 100.00% $3,328,358
Total Sales Budget $356,846 66.01% $429,371 62.02% $627,224 66.88% $805,894 69.62% $2,219,335
Total Over / (Under Budget) $183,776 33.99% $262,959 37.98% $310,615 33.12% $351,674 30.38% $1,109,023 Over

Materials $11,243 2.08% $20,743 3.00% $41,550 4.43% $57,300 4.95% $130,835
Budget $8,027 1.48% $24,427 3.53% $36,531 3.90% $49,873 4.31% $118,858
Over / (Under Budget) $3,216 28.60% ($3,684) -17.76% $5,019 12.08% $7,427 12.96% $11,978 Under
Labor $50,490 9.34% $43,640 6.30% $41,550 4.43% $57,300 4.95% $192,980
Budget $19,336 3.58% $30,666 4.43% $36,531 3.90% $49,873 4.31% $136,406
Over / (Under Budget) $31,155 61.70% $12,974 29.73% $5,019 12.08% $7,427 12.96% $56,575 Over
Overhead $39,628 7.33% $46,216 6.68% $41,550 4.43% $57,300 4.95% $184,694
Budget $9,670 1.79% $19,079 2.76% $36,531 3.90% $49,873 4.31% $115,152
Other $32,053 5.93% $40,107 5.79% $41,550 4.43% $57,300 4.95% $171,010
Budget $19,079 3.53% $32,053 4.63% $36,531 3.90% $49,873 4.31% $137,536
Total Cost of Goods Sold $133,413 24.68% $150,705 21.77% $166,200 17.72% $229,200 19.80% $679,519
Total COG Budget $56,111 10.38% $106,224 15.34% $146,124 15.58% $199,492 17.23% $507,951
Total Over / (Under Budget) $77,303 57.94% $44,481 29.52% $20,076 12.08% $29,708 12.96% $171,568 Over
Gross Profit $407,209 75.32% $541,624 78.23% $771,639 82.28% $928,368 80.20% $2,648,839
Gross Profit Budget $310,010 57.34% $475,704 68.71% $636,573 67.88% $799,050 69.03% $2,221,337

Operating Expenses
G&A Expenses
Operating Expenses $17,350 3.21% $25,800 3.73% $41,550 4.43% $57,300 4.95% $142,000
Budget $18,413 3.41% $24,090 3.48% $36,531 3.90% $49,873 4.31% $128,907
Over / (Under Budget) ($1,063) -6.13% $1,710 6.63% $5,019 12.08% $7,427 12.96% $13,093 Under
Payroll Salaries $36,300 6.71% $52,050 7.52% $67,800 7.23% $83,550 7.22% $239,700
Budget $28,565 5.28% $40,743 5.88% $54,290 5.79% $67,380 5.82% $190,977
Total G&A Expenses $53,650 9.92% $77,850 11.24% $109,350 11.66% $140,850 12.17% $381,700
Total G&A Budget $46,978 8.69% $64,833 9.36% $90,821 9.68% $117,253 10.13% $319,884
Sales Expenses
Budget $18,413 3.41% $24,090 3.48% $36,531 3.90% $49,873 4.31% $128,907
Over / (Under Budget) ($363) -2.01% $1,360 5.34% ($3,981) -12.23% ($10,123) -25.47% ($13,107) Under
Budget $25,865 4.78% $33,018 4.77% $40,100 4.28% $47,205 4.08% $146,187
Over / (Under Budget) ($7,815) -43.30% ($7,568) -29.73% ($3,050) -8.23% ($2,098) -4.65% ($20,530) Under
Total Sales Expenses $36,100 6.68% $50,900 7.35% $69,600 7.42% $84,857 7.33% $241,457
Total Sales Expense Budget $44,278 8.19% $57,108 8.25% $76,631 8.17% $97,078 8.39% $275,094
Total Over / (Under Budget) ($8,178) -22.65% ($6,208) -12.20% ($7,031) -10.10% ($12,221) -14.40% ($33,637) Under

Marketing Expenses
Budget $18,413 3.41% $24,090 3.48% $36,531 3.90% $49,873 4.31% $128,907
Over / (Under Budget) ($363) -2.01% $1,360 5.34% ($3,981) -12.23% ($10,123) -25.47% ($13,107) Under
Budget $25,865 4.78% $33,018 4.77% $40,100 4.28% $47,205 4.08% $146,187
Total Marketing Expenses $37,200 6.88% $50,700 7.32% $69,600 7.42% $84,857 7.33% $242,357
Total Marketing Expense Budget $44,278 8.19% $57,108 8.25% $76,631 8.17% $97,078 8.39% $275,094
Total Over / (Under Budget) ($7,078) -19.03% ($6,408) -12.64% ($7,031) -10.10% ($12,221) -14.40% ($32,737) Under

Budget $65,027 12.03% $82,641 11.94% $100,556 10.72% $118,371 10.23% $366,595
Budget $65,027 12.03% $82,641 11.94% $100,556 10.72% $118,371 10.23% $366,595
Total Research & Development Expenses $184,564 34.14% $237,358 34.28% $310,091 33.06% $385,644 33.32% $1,117,656
Total R&D Expenses Budget $130,054 24.06% $165,283 23.87% $201,112 21.44% $236,741 20.45% $733,190
Total Operating Expenses $311,514 57.62% $416,808 60.20% $558,641 59.57% $696,208 60.14% $1,983,170
Total Payroll Salaries $187,921 34.76% $249,983 36.11% $335,261 35.75% $415,125 35.86% $1,188,289

All Operating Expenses $499,435 92.38% $666,790 96.31% $893,901 95.31% $1,111,334 96.01% $3,171,460
All Operating Expenses Budget $265,588 49.13% $344,330 49.74% $445,194 47.47% $548,150 47.35% $1,603,262
Earnings Before Income Tax $41,187 7.62% $25,539 3.69% $43,938 4.69% $46,234 3.99% $156,898
Budget $36,865 6.82% $28,018 4.05% $40,100 4.28% $47,205 4.08% $152,187
Over / (Under Budget) $4,322 10.49% ($2,479) -9.70% $3,839 8.74% ($971) -2.10% $4,711 Under
Interest income (expense) $30,909 5.72% $33,650 4.86% $36,390 3.88% $39,131 3.38% $140,079
Other income (expense) $61,818 11.43% $67,299 9.72% $72,780 7.76% $78,261 6.76% $280,158
Total Non-operating Income (expense) $92,727 17.15% $100,949 14.58% $109,170 11.64% $117,392 10.14% $420,237
Income (Loss) Before Taxes $133,914 24.77% $126,488 18.27% $153,108 16.33% $163,626 14.14% $577,135
Income Taxes $67,992 12.58% $68,231 9.86% $78,683 8.39% $84,305 7.28% $299,212
Net Income (Loss) $65,922 12.19% $58,257 8.41% $74,425 7.94% $79,321 6.85% $277,924
Budget $186,865 34.56% $182,618 26.38% $246,700 26.31% $228,005 19.70% $844,187

Forecast Budget Analysis
Average
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Totals Budget
$ % $ % $ % $ % Over/Under
Sales
Total Sales $540,622 100.00% $739,891 100.00% $939,160 100.00% $1,138,429 100.00% $3,358,102
Total Sales Budget $356,846 66.01% $415,301 56.13% $473,756 50.44% $532,211 46.75% $1,778,114

Materials $11,243 2.08% $16,458 2.22% $21,674 2.31% $26,889 2.36% $76,263
Budget $8,027 1.48% $22,243 3.01% $36,458 3.88% $50,674 4.45% $117,401
Over / (Under Budget) $3,216 28.60% ($5,785) -35.15% ($14,785) -68.21% ($23,785) -88.45% ($41,138) Under
Labor $50,490 9.34% $54,360 7.35% $58,230 6.20% $62,100 5.45% $225,180
Budget $19,336 3.58% $34,305 4.64% $49,274 5.25% $64,243 5.64% $167,158
Over / (Under Budget) $31,155 61.70% $20,055 36.89% $8,956 15.38% ($2,143) -3.45% $58,023 Over
Overhead $39,628 7.33% $56,633 7.65% $73,637 7.84% $90,642 7.96% $260,539
Budget $9,670 1.79% $14,140 1.91% $18,611 1.98% $23,082 2.03% $65,503
Other $32,053 5.93% $38,295 5.18% $44,536 4.74% $50,778 4.46% $165,661
Budget $19,079 3.53% $43,910 5.93% $68,741 7.32% $93,572 8.22% $225,300
Over / (Under Budget) $12,975 40.48% ($5,615) -14.66% ($24,205) -54.35% ($42,794) -84.28% ($59,639) Under
Total Cost of Goods Sold $133,413 24.68% $165,745 22.40% $198,077 21.09% $230,408 20.24% $727,643
Total COG Budget $56,111 10.38% $114,597 15.49% $173,084 18.43% $231,570 20.34% $575,361
Total Over / (Under Budget) $77,303 57.94% $51,148 30.86% $24,993 12.62% ($1,162) -0.50% $152,282 Over
Gross Profit $407,209 75.32% $574,146 77.60% $741,083 78.91% $908,021 79.76% $2,630,459
Gross Profit Budget $310,010 57.34% $458,011 61.90% $606,011 64.53% $754,012 66.23% $2,128,043

Operating Expenses
G&A Expenses
Budget $18,413 3.41% $19,961 2.70% $21,509 2.29% $23,057 2.03% $82,940
Budget $28,565 5.28% $43,109 5.83% $57,653 6.14% $72,197 6.34% $201,524
Total G&A Expenses $53,650 9.92% $70,750 9.56% $87,850 9.35% $104,950 9.22% $317,200
Total G&A Budget $46,978 8.69% $63,070 8.52% $79,162 8.43% $95,254 8.37% $284,464
Sales Expenses
Budget $18,413 3.41% $19,961 2.70% $21,509 2.29% $23,057 2.03% $82,940
Over / (Under Budget) ($363) -2.01% $4,389 18.02% $9,141 29.82% $13,893 37.60% $27,060 Over
Budget $25,865 4.78% $32,759 4.43% $39,653 4.22% $46,547 4.09% $144,824
Total Sales Expenses $36,100 6.68% $48,700 6.58% $61,300 6.53% $73,900 6.49% $220,000
Total Sales Expense Budget $44,278 8.19% $52,720 7.13% $61,162 6.51% $69,604 6.11% $227,764
Total Over / (Under Budget) ($8,178) -22.65% ($4,020) -8.25% $138 0.23% $4,296 5.81% ($7,764) Under

Marketing Expenses
Budget $18,413 3.41% $19,961 2.70% $21,509 2.29% $23,057 2.03% $82,940
Over / (Under Budget) ($363) -2.01% $4,389 18.02% $9,141 29.82% $13,893 37.60% $27,060 Over
Budget $25,865 4.78% $32,759 4.43% $39,653 4.22% $46,547 4.09% $144,824
Total Marketing Expenses $37,200 6.88% $49,350 6.67% $61,500 6.55% $73,650 6.47% $221,700
Total Marketing Expense Budget $44,278 8.19% $52,720 7.13% $61,162 6.51% $69,604 6.11% $227,764
Total Over / (Under Budget) ($7,078) -19.03% ($3,370) -6.83% $338 0.55% $4,046 5.49% ($6,064) Under

Budget $65,027 12.03% $83,743 11.32% $102,458 10.91% $121,174 10.64% $372,401
Over / (Under Budget) $5,116 7.29% $1,737 2.03% ($1,643) -1.63% ($5,023) -4.32% $187 Under
Budget $65,027 12.03% $83,743 11.32% $102,458 10.91% $121,174 10.64% $372,401
Total Research & Development Expenses $184,564 34.14% $223,678 30.23% $262,792 27.98% $301,906 26.52% $972,940
Total R&D Expenses Budget $130,054 24.06% $167,485 22.64% $204,916 21.82% $242,347 21.29% $744,802
Total Operating Expenses $311,514 57.62% $392,478 53.05% $473,442 50.41% $554,406 48.70% $1,731,840
Total Payroll Salaries $187,921 34.76% $239,599 32.38% $291,277 31.01% $342,955 30.13% $1,061,752

All Operating Expenses $499,435 92.38% $632,077 85.43% $764,719 81.43% $897,361 78.82% $2,793,592
All Operating Expenses Budget $265,588 49.13% $335,995 45.41% $406,402 43.27% $476,809 41.88% $1,484,794
Earnings Before Income Tax $41,187 7.62% $107,814 14.57% $174,441 18.57% $241,068 21.18% $564,510
Budget $36,865 6.82% $106,759 14.43% $176,653 18.81% $246,547 21.66% $566,824
Over / (Under Budget) $4,322 10.49% $1,055 0.98% ($2,212) -1.27% ($5,479) -2.27% ($2,314) Under
Interest income (expense) $30,909 5.72% $33,650 4.55% $36,390 3.87% $39,131 3.44% $140,079
Other income (expense) $61,818 11.43% $67,299 9.10% $72,780 7.75% $78,261 6.87% $280,158
Total Non-operating Income (expense) $92,727 17.15% $100,949 13.64% $109,170 11.62% $117,392 10.31% $420,237
Income (Loss) Before Taxes $133,914 24.77% $208,763 28.22% $283,611 30.20% $358,460 31.49% $984,747
Income Taxes $67,992 12.58% $92,913 12.56% $117,834 12.55% $142,755 12.54% $421,495
Net Income (Loss) $65,922 12.19% $115,849 15.66% $165,777 17.65% $215,704 18.95% $563,252
Budget $186,865 34.56% $346,759 46.87% $506,653 53.95% $666,547 58.55% $1,706,824
Over / (Under Budget) ($120,943) -183.47% ($230,910) -199.32% ($340,876) -205.62% ($450,843) -209.01% ($1,143,572) Under

Product 1
Annual Sales vs. Budget Report
Data Entry Worksheet
Sales
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 Dec
Jun $8,850 $8,645 $205 Feb May
Jan
Jul $12,100 $10,976 $1,124 Mar
Nov
Aug $13,850 $11,232 $2,618 Apr Jun
Sep $16,600 $14,323 $2,277
Oct $19,100 $15,434 $3,666
Nov $21,600 $16,543 $5,057 Jul
Oct Sep Aug
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 Aug Sep Oct Nov Dec

Nov Dec

Product 2
Sales
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) Nov Mar
Oct
Jun $17,690 $14,327 $3,363 Dec Jan Feb
Jul $15,600 $14,907 $694 Apr
Sep
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 Aug May
Jul Jun
Dec $10,850 $12,804 ($1,954)
Totals $147,980 $134,401 $13,579
Sales
$20,000
$15,000
$10,000
$5,000
$0

Nov Dec

Product 3
Sales
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 Dec
Apr
Jun $35,750 $11,320 $24,430 Nov Jan Feb
Jul $39,400 $13,209 $26,191
Aug $43,050 $15,099 $27,951 Mar May
Sep $46,700 $16,988 $29,712
Oct $50,350 $18,878 $31,473 Oct Jun
Nov $54,000 $20,767 $33,233 Aug
Dec $57,650 $22,656 $34,994 Sep Jul
Totals $450,900 $151,175 $299,725
Sales
$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0

Nov Dec

Product 4
Sales
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 Nov Dec
Mar
Jun $21,439 $11,320 $10,119 Jan Feb
Jul $22,364 $13,209 $9,155
Aug $23,289 $15,099 $8,190 Apr
Oct
Sep $24,214 $16,988 $7,226
Oct $25,139 $18,878 $6,262
May
Nov $26,064 $20,767 $5,297 Sep Jul
Aug Jun
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

Nov Dec

Product 5
Sales
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 Dec Mar
Jun $106,830 $99,845 $6,985 Nov Jan Apr
Jul $127,260 $115,976 $11,284 Feb
Aug $137,690 $126,232 $11,458
May
Sep $167,274 $174,323 ($7,050)
Oct $165,240 $155,434 $9,806 Oct
Nov $193,207 $196,543 ($3,336) Jun
Sep Aug
Dec $191,174 $197,896 ($6,722) Jul
Totals $1,528,277 $1,456,438 $71,839
Sales
$250,000
$200,000
$150,000
$100,000
$50,000
$0

Nov Dec

Product 6
Sales
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 Dec Mar
Jun $66,830 $14,676 $52,154 Nov Apr
Jan
Jul $68,593 $14,370 $54,223 Feb
Aug $74,166 $15,419 $58,747 May
Sep $79,739 $14,323 $65,416
Oct $85,312 $15,434 $69,878 Oct
Nov $90,885 $16,543 $74,342 Aug Jun
Dec $96,458 $17,896 $78,562 Sep Jul
Totals $789,683 $186,629 $603,054
Sales
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0

Nov Dec

Summary Report: Annual Sales vs. Budget

Jan $155,250 $109,524 $45,726
Feb $185,840 $124,808 $61,032 Total Sales by Product
Mar $199,532 $122,514 $77,018
Apr $203,490 $131,159 $72,331
May $231,450 $138,079 $93,372
Dec Mar
Jun $257,389 $160,133 $97,256
Nov Apr
Jul $285,317 $182,648 $102,670 Jan
Aug $309,395 $198,566 $110,829 Feb
Sep $343,127 $246,011 $97,116 May
Oct $354,491 $234,702 $119,789
Oct
Nov $395,856 $279,387 $116,469
Dec $407,221 $291,805 $115,416 Aug Jun
Sep Jul
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

Dec

Materials
Summary Materials Expense vs. Budget Report
Materials
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) Dec
Jun $10,350 $9,845 $505 Jan Feb Jun
Jul $12,100 $10,976 $1,124 Mar
Nov
Aug $13,850 $11,232 $2,618 Apr
Sep $15,600 $14,323 $1,277 May
Oct $17,350 $15,434 $1,916 Jul
Nov $19,100 $16,543 $2,557 Sep
Oct Aug
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

Dec

Labor
Summary Labor Expense vs. Budget Report
Labor
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 Dec Jan Feb
Nov
Jun $10,350 $9,845 $505
Jul $12,100 $10,976 $1,124 Mar
Aug $13,850 $11,232 $2,618 Oct
Sep $15,600 $14,323 $1,277
Oct $17,350 $15,434 $1,916 Aug Jul Jun
Apr
Nov $19,100 $16,543 $2,557 Sep
May
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

Dec

Overhead
Summary Overhead Expense vs. Budget Report
Overhead
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 Dec Jan Feb
Nov
Jun $10,350 $9,845 $505
Jul $12,100 $10,976 $1,124 Mar
Aug $13,850 $11,232 $2,618 Oct
Sep $15,600 $14,323 $1,277
Oct $17,350 $15,434 $1,916 Aug Jul Jun
Apr
Nov $19,100 $16,543 $2,557 Sep
May
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

Dec

Other Direct Expenses
Summary Other Expense vs. Budget Report
Other Expenses
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 Dec Mar
Jun $10,350 $9,845 $505 Nov
JanFeb
Jul $12,100 $10,976 $1,124 Apr
Aug $13,850 $11,232 $2,618
Sep $15,600 $14,323 $1,277
Oct Jun
Oct $17,350 $15,434 $1,916 Aug
May
Nov $19,100 $16,543 $2,557
Sep Jul
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

Dec

Total Cost of Goods Sold
Summary COG vs. Budget Report
COG
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 Dec
Mar
Jun $41,400 $39,380 $2,020 Nov
Jan Feb
Jul $48,400 $43,904 $4,496
Aug $55,400 $44,928 $10,472 Apr
Sep $62,400 $57,292 $5,108
Oct $69,400 $61,736 $7,664 Oct
Aug
May
Nov $76,400 $66,172 $10,228
Sep Jul Jun
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

Dec

Gross Profit
Summary Gross Profit
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 Dec Mar
Jun $215,989 $176,085 $39,904 Nov Apr
Jan
Jul $236,917 $194,138 $42,779 Feb
Aug $253,995 $212,191 $41,804 May
Sep $280,727 $230,244 $50,483
Oct $285,091 $248,297 $36,794 Oct
Nov $319,456 $266,350 $53,106 Jun
Sep Aug
Dec $323,821 $284,403 $39,418 Jul
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

Dec

G&A Expenses
Summary of Operating Expenses
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 Dec Apr
Jun $10,350 $9,845 $505 Jan Feb May
Jul $12,100 $10,976 $1,124 Nov
Aug $13,850 $11,232 $2,618 Mar
Sep $15,600 $14,323 $1,277 Jun
Oct $17,350 $15,434 $1,916
Nov $19,100 $16,543 $2,557 Oct Jul
Sep Aug
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

Dec

G&A Expenses
Summary of Payroll Salaries
Payroll Salaries Expenses
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 Dec
Jun $19,100 $15,188 $3,913 Nov Apr
Jan Feb
Jul $20,850 $16,642 $4,208
Aug $22,600 $18,097 $4,504 Mar
May
Sep $24,350 $19,551 $4,799
Oct $26,100 $21,006 $5,095 Oct
Nov $27,850 $22,460 $5,390 Jun
Sep Aug
Dec $29,600 $23,915 $5,686 Jul
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

Dec

Total G&A Expenses
Summary of G&A Expenses
Total 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 Dec
Apr
Jun $29,450 $25,033 $4,418 Nov Jan Feb
Jul $32,950 $27,618 $5,332
Mar May
Aug $36,450 $29,329 $7,122
Sep $39,950 $33,874 $6,076
Oct $43,450 $36,440 $7,011 Jun
Oct
Nov $46,950 $39,003 $7,947 Aug
Sep Jul
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

Dec

Sales Expenses
Summary of Sales Operating Expenses
Sales Operating Expenses
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 Dec Mar
Jun $9,250 $9,845 ($595) Nov Apr
Jan
Jul $10,050 $10,976 ($926) Feb
Aug $10,850 $11,232 ($382)
May
Sep $11,650 $14,323 ($2,673)
Oct $12,450 $15,434 ($2,984) Oct
Nov $13,250 $16,543 ($3,293) Aug Jun
Dec $14,050 $17,896 ($3,846) Sep Jul
Totals $115,800 $128,907 ($13,107)
$20,000
$15,000
$10,000
$5,000
$0

Dec

Sales Expenses
Summary of Sales Payroll Salaries Expenses
Sales Payroll Salaries Expenses
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) Dec
Apr
Jun $9,250 $11,788 ($2,538) Nov Jan Feb
Jul $12,050 $12,577 ($527)
Aug $11,993 $13,367 ($1,374) Mar May
Sep $13,007 $14,156 ($1,149)
Oct $14,021 $14,946 ($924) Oct Jun
Nov $15,036 $15,735 ($699) Aug
Dec $16,050 $16,525 ($475) Sep Jul
Totals $125,657 $146,187 ($20,530)
$20,000
$15,000
$10,000
$5,000
$0

Dec

Total Sales Expenses
Summary of Sales Expenses
Total 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) Dec
Jun $18,500 $21,633 ($3,133) Nov Apr
Jan Feb
Jul $22,100 $23,553 ($1,453)
Aug $22,843 $24,599 ($1,756) Mar
May
Sep $24,657 $28,479 ($3,822)
Oct $26,471 $30,380 ($3,908) Oct
Nov $28,286 $32,278 ($3,992) Jun
Sep Aug
Dec $30,100 $34,421 ($4,321) Jul
Totals $241,457 $275,094 ($33,637)
Total Sales Expenses Budget
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0

Dec

Marketing Expenses
Summary of Marketing Operating Expenses
Marketing Operating Expenses
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 Dec Mar
Jun $9,250 $9,845 ($595) Nov Apr
Jan
Jul $10,050 $10,976 ($926) Feb
Aug $10,850 $11,232 ($382)
May
Sep $11,650 $14,323 ($2,673)
Oct $12,450 $15,434 ($2,984) Oct
Nov $13,250 $16,543 ($3,293) Aug Jun
Dec $14,050 $17,896 ($3,846) Sep Jul
Totals $115,800 $128,907 ($13,107)
$20,000
$15,000
$10,000
$5,000
$0

Dec

Marketing Expenses
Summary of Marketing Payroll Salaries Expenses
Marketing Payroll Salaries Expenses
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) Dec
Apr
Jun $9,250 $11,788 ($2,538) Nov Jan Feb
Jul $12,050 $12,577 ($527)
Aug $11,993 $13,367 ($1,374) Mar May
Sep $13,007 $14,156 ($1,149)
Oct $14,021 $14,946 ($924) Oct Jun
Nov $15,036 $15,735 ($699) Aug
Dec $16,050 $16,525 ($475) Sep Jul
Totals $125,657 $146,187 ($20,530)
$20,000
$15,000
$10,000
$5,000
$0

Dec

Total Marketing Expenses
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) Dec
Jun $18,400 $21,633 ($3,233) Nov Apr
Jan Feb
Jul $22,100 $23,553 ($1,453)
Aug $22,843 $24,599 ($1,756) Mar
May
Sep $24,657 $28,479 ($3,822)
Oct $26,471 $30,380 ($3,908) Oct
Nov $28,286 $32,278 ($3,992) Jun
Sep Aug
Dec $30,100 $34,421 ($4,321) Jul
Totals $242,357 $275,094 ($32,737)
Marketing Expenses Budget
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0

Dec

Summary of R&D Operating Expenses
R&D Operating Expenses
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 Dec Mar
Jun $33,420 $29,560 $3,860 Nov
Jan Apr
Jul $36,130 $31,539 $4,591 Feb
Aug $37,965 $33,519 $4,446
Sep $42,635 $35,498 $7,137 May
Oct $45,325 $37,478 $7,848 Oct
Nov $48,013 $39,457 $8,556 Aug Jun
Dec $50,945 $41,436 $9,509 Sep Jul
Totals $421,281 $366,595 $54,686
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0

Dec

Summary of R&D Payroll Salaries Expenses
Marketing Payroll Salaries Expenses
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 Dec Mar
Jun $55,053 $29,560 $25,493 Nov Apr
Jan
Jul $59,683 $31,539 $28,144 Feb
Aug $62,564 $33,519 $29,045
Sep $71,114 $35,498 $35,616 May
Oct $75,705 $37,478 $38,227 Oct
Nov $80,291 $39,457 $40,834 Aug Jun
Dec $85,366 $41,436 $43,929 Sep Jul
Totals $696,375 $366,595 $329,780
$100,000
$80,000
$60,000
$40,000
$20,000
$0

Dec

Total Research & Development Expenses
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 Dec Mar
Jun $88,473 $59,120 $29,353 Nov
Jan Apr
Jul $95,813 $63,079 $32,734 Feb
Aug $100,529 $67,037 $33,491
Sep $113,749 $70,996 $42,753 May
Oct $121,030 $74,955 $46,075 Oct
Nov $128,304 $78,914 $49,390 Aug Jun
Dec $136,311 $82,873 $53,438 Sep Jul
Totals $1,117,656 $733,190 $384,466
Marketing Expenses Budget
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0

Dec

Summary of All Operating Expenses
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 Dec Mar
Jun $247,375 $127,417 $119,958 Nov Apr
Jan
Jul $277,596 $137,803 $139,793 Feb
Aug $291,813 $145,563 $146,251
May
Sep $324,492 $161,828 $162,663
Oct $347,270 $172,154 $175,116 Oct
Nov $370,038 $182,473 $187,565 Jun
Sep Aug
Dec $394,026 $193,524 $200,502 Jul
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

Dec

Earnings Before Income Tax
Summary of Earnings Before Income Tax
Earnings Before Income Tax
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) Feb
Nov
Jun $10,014 $11,788 ($1,774) Dec Jan Mar
Jul $7,721 $12,577 ($4,856)
Aug $17,582 $13,367 $4,215
Sep $18,635 $14,156 $4,479 Oct Apr
Oct $7,222 $14,946 ($7,724) Jul
Nov $25,818 $15,735 $10,083 May
Sep Aug Jun
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

Dec

Net Income (Loss)
Summary of Net Income (Loss)
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) Dec Feb
Nov
Jun $20,835 $66,388 ($45,553) Jan Mar
Jul $19,596 $70,977 ($51,381)
Aug $26,863 $85,567 ($58,703) Oct
Sep $27,966 $90,156 ($62,190) Apr
Oct $20,342 $64,746 ($44,404)
Nov $33,725 $99,335 ($65,610) Sep May
Aug Jul Jun
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

Dec

Copyright Notice
© 2014, JaxWorks
All rights reserved.
Specifications are subject to change without notice.
Fortress™ Budget System is a registered trademark of Jaxworks. All other brands or products are trademarks or registered
trademarks of their respective holders and should be treated as such.
This program is protected by copyright law and international treaties.Unauthorized reproduction or distribution of this program, or any
portion of it may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under law.
NOTICES REGARDING SOFTWARE, DOCUMENTS AND SERVICES.
IN NO EVENT SHALL JAXWORKS BE LIABLE FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR ANY
DAMAGES WHATSOEVER RESULTING FROM LOSS OF USE, DATA OR PROFITS, WHETHER IN AN ACTION OF CONTRACT,
NEGLIGENCE OR OTHER TORTIOUS ACTION, ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE
OF SOFTWARE, DOCUMENTS, PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR INFORMATION AVAILABLE FROM
THIS PROGRAM.
© Copyright, 2007, Jaxworks, All Rights Reserved.

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Period Starting: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals

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Research & Development Expenses

Total All Operating Expenses

© Copyright, 2006, JaxWorks, All Rights Reserved.

© Copyright, 2006, JaxWorks, All Rights Reserved.

Total Cost of Goods Sold $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total G&A Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Sales Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

© Copyright, 2006, JaxWorks, All Rights Reserved.

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

Research & Development Expenses

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

Total Operating Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total All Operating Expenses

Earnings Before Income Tax $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

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

Income (Loss) Before Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Income (Loss) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

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

© Copyright, 2006, JaxWorks, All Rights Reserved.

Product 2 $3,600 $4,350 $16,400 $0 $0 $0 $0 $0 $0 $0 $0 $0 $24,350

Product 3 $14,600 $25,350 $25,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $65,050

Product 4 $16,850 $17,690 $18,830 $0 $0 $0 $0 $0 $0 $0 $0 $0 $53,370

Product 5 $78,600 $88,750 $89,002 $0 $0 $0 $0 $0 $0 $0 $0 $0 $256,352

Product 6 $36,000 $43,350 $45,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $124,450

Total Sales 155,250 185,840 199,532 - - - - - - - - - 540,622

© Copyright, 2006, JaxWorks, All Rights Reserved.

Labor $16,400 $16,830 $17,260 $0 $0 $0 $0 $0 $0 $0 $0 $0 $50,490

Overhead $11,320 $13,209 $15,099 $0 $0 $0 $0 $0 $0 $0 $0 $0 $39,628

Other $9,845 $10,976 $11,232 $0 $0 $0 $0 $0 $0 $0 $0 $0 $32,053

Total Cost of Goods Sold $40,733 $44,763 $47,918 $0 $0 $0 $0 $0 $0 $0 $0 $0 $133,413

Gross Profit $114,517 $141,077 $151,614 $0 $0 $0 $0 $0 $0 $0 $0 $0 $407,209

Payroll Salaries $10,350 $12,100 $13,850 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,300

Total G&A Expenses $15,950 $17,950 $19,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $53,650

Payroll Salaries $5,500 $5,650 $6,900 $0 $0 $0 $0 $0 $0 $0 $0 $0 $18,050

Total Sales Expenses $11,000 $11,300 $13,800 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,100

© Copyright, 2006, JaxWorks, All Rights Reserved.

Payroll Salaries $5,600 $6,650 $6,900 $0 $0 $0 $0 $0 $0 $0 $0 $0 $19,150

Total Marketing Expenses $11,100 $12,300 $13,800 $0 $0 $0 $0 $0 $0 $0 $0 $0 $37,200

Research & Development Expenses

Payroll Salaries $35,256 $38,625 $40,540 $0 $0 $0 $0 $0 $0 $0 $0 $0 $114,421

Total Research & Development Expenses $56,756 $62,360 $65,448 $0 $0 $0 $0 $0 $0 $0 $0 $0 $184,564

Total Operating Expenses $94,806 $103,910 $112,798 $0 $0 $0 $0 $0 $0 $0 $0 $0 $311,514

Total All Operating Expenses

Earnings Before Income Tax $3,738 $18,905 $18,544 $0 $0 $0 $0 $0 $0 $0 $0 $0 $41,187

Interest income (expense) $10,000 $10,300 $10,609 $0 $0 $0 $0 $0 $0 $0 $0 $0 $30,909

Income (Loss) Before Taxes $33,738 $49,805 $50,371 $0 $0 $0 $0 $0 $0 $0 $0 $0 $133,914

Income Taxes $19,121 $24,212 $24,659 $0 $0 $0 $0 $0 $0 $0 $0 $0 $67,992

Net Income (Loss) $14,617 $25,594 $25,712 $0 $0 $0 $0 $0 $0 $0 $0 $0 $65,922

© Copyright, 2006, JaxWorks, All Rights Reserved.

Also included Free are:

© Copyright, 2014, Jaxworks, All Rights Reserved.

Why Create a Budget?

How do I use a Budget?

What will a Budget Indicate?

© Copyright, 2010, JaxWorks, All Rights Reserved.

er paying your bills. A

. A budget allows you

money to achieve your

© Copyright, 2010, JaxWorks, All Rights Reserved.

1) Be sure to activate the Solver add-in.