Income Statement

For the Year 2016

January February March April
10.0% Sales $ 10,000 $ 12,000 $ 11,000
- 60.0% Cost of Goods Sold
= Gross Profit
- 25.0% SG&A
Operating Income
=
This is an example of how you 60.0% 50.0% 55.0% 65.0%
would model if your COGS margin
changed monthly. The COGS formula
would be e5*e11 for cell e6 and
then copy formula across.
May June July August September October November December

48.0% 67.0% 58.0% 56.0% 56.0% 54.0% 51.0% 60.0%

Total

#DIV/0!
Income Statement

For the Year 2016

January February March April May June July August September October November December Total
10.0% Sales $ 10,000 $ 12,000 $ 11,000 $ 12,100 $ 13,310 $ 14,641 $ 16,105 $ 17,716 $ 19,487 $ 21,436 $ 23,579 $ 25,937 $ 197,312
- 60.0% Cost of Goods Sold 6,000 7,200 6,600 7,260 7,986 8,785 9,663 10,629 11,692 12,862 14,148 15,562 118,387
= Gross Profit 4,000 4,800 4,400 4,840 5,324 5,856 6,442 7,086 7,795 8,574 9,432 10,375 78,925
- 25.0% SG&A 2,500 3,000 2,750 3,025 3,328 3,660 4,026 4,429 4,872 5,359 5,895 6,484 49,328
= Operating Income $ 1,500 $ 1,800 $ 1,650 $ 1,815 $ 1,997 $ 2,196 $ 2,416 $ 2,657 $ 2,923 $ 3,215 $ 3,537 $ 3,891 $ 29,597

This is an example of how you 60.0% 50.0% 55.0% 65.0% 48.0% 67.0% 58.0% 56.0% 56.0% 54.0% 51.0% 60.0% 60.0%
would model if your COGS margin
changed monthly. The COGS formula
would be e5*e11 for cell e6 and
then copy formula across.
Cost Center Example

Cost Center Expenses If Then IF And IF Or Nested IF Random

10100 5,000 10102
10101 7,500 10105
10102 20,000 10118
10103 12,000 10111
10104 5,000 10137
10105 7,500 10140
10106 20,000 10125
10107 12,000 10112
10108 5,000 10131
10109 7,500 10112
10110 20,000 10138
10111 12,000 10136
10112 5,000 10112
10113 7,500 10129
10114 20,000 10136
10115 12,000 10140
10116 5,000 10120
10117 7,500 10122
10118 20,000 10125
10119 12,000 10118
10120 5,000 10100
10121 7,500 10125
10122 20,000 10131
10123 12,000 10132
10124 5,000 10135
10125 7,500 10128
10126 20,000 10122
10127 12,000 10126
10128 5,000 10109
10129 7,500 10107
10130 20,000 10109
10131 12,000 10110
10132 5,000 10100
10133 7,500 10106
10134 20,000 10105
10135 12,000 10104
10136 5,000 10135
10137 7,500 10140
10138 20,000 10114
10139 12,000 10125
 10140 5,000 10129
SumIF 222,500
CountIF 20
VLOOKUP VLOOKUP (with names)
Cost Center Example

Cost Center Expenses If Then IF And IF Or Nested IF Random VLOOKUP

10100 5,000 Manufacturing Type 2 Yes Type D 10102 Smith
10101 7,500 Manufacturing Type 2 Yes Type C 10105 Smith
10102 20,000 Manufacturing Type 2 Yes Type C 10118 Jones
10103 12,000 Manufacturing Type 2 Yes Type C 10111 Jones
10104 5,000 Manufacturing Type 2 Yes Type C 10137 Lewis
10105 7,500 Manufacturing Type 2 Yes Type C 10140 Lewis
10106 20,000 Manufacturing Type 2 Yes Type C 10125 Williams
10107 12,000 Manufacturing Type 2 Yes Type C 10112 Jones
10108 5,000 Manufacturing Type 2 Yes Type C 10131 Lewis
10109 7,500 Manufacturing Type 2 Yes Type C 10112 Jones
10110 20,000 Manufacturing Type 1 Yes Type C 10138 Lewis
10111 12,000 Manufacturing Type 1 Yes Type B 10136 Lewis
10112 5,000 Manufacturing Type 1 Yes Type B 10112 Jones
10113 7,500 Manufacturing Type 1 Yes Type B 10129 Williams
10114 20,000 Manufacturing Type 1 Yes Type B 10136 Lewis
10115 12,000 Manufacturing Type 1 Yes Type B 10140 Lewis
10116 5,000 Manufacturing Type 1 Yes Type B 10120 Jones
10117 7,500 Manufacturing Type 1 Yes Type B 10122 Williams
10118 20,000 Manufacturing Type 1 Yes Type B 10125 Williams
10119 12,000 Manufacturing Type 1 Yes Type B 10118 Jones
10120 5,000 Manufacturing Type 1 Yes Type B 10100 Smith
10121 7,500 R&D Type 2 No Type A 10125 Williams
10122 20,000 R&D Type 2 No Type A 10131 Lewis
10123 12,000 R&D Type 2 No Type A 10132 Lewis
10124 5,000 R&D Type 2 No Type A 10135 Lewis
10125 7,500 R&D Type 2 No Type A 10128 Williams
10126 20,000 R&D Type 2 No Type A 10122 Williams
10127 12,000 R&D Type 2 No Type A 10126 Williams
10128 5,000 R&D Type 2 No Type A 10109 Smith
10129 7,500 R&D Type 2 No Type A 10107 Smith
10130 20,000 R&D Type 2 No Type A 10109 Smith
10131 12,000 R&D Type 2 Yes Type A 10110 Smith
10132 5,000 R&D Type 2 Yes Type A 10100 Smith
10133 7,500 R&D Type 2 Yes Type A 10106 Smith
10134 20,000 R&D Type 2 Yes Type A 10105 Smith
10135 12,000 R&D Type 2 Yes Type A 10104 Smith
10136 5,000 R&D Type 2 Yes Type A 10135 Lewis
10137 7,500 R&D Type 2 Yes Type A 10140 Lewis
10138 20,000 R&D Type 2 Yes Type A 10114 Jones
10139 12,000 R&D Type 2 Yes Type A 10125 Williams
 10140 5,000 R&D Type 2 Yes Type A 10129 Williams
SumIF 222,500
CountIF 20
VLOOKUP (with names)
Smith
Smith
Jones
Jones
Lewis
Lewis
Williams
Jones
Lewis
Jones
Lewis
Lewis
Jones
Williams
Lewis
Lewis
Jones
Williams
Williams
Jones
Smith
Williams
Lewis
Lewis
Lewis
Williams
Williams
Williams
Smith
Smith
Smith
Smith
Smith
Smith
Smith
Smith
Lewis
Lewis
Jones
Williams
Williams