Category: Work Sheets

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Balance Sheet Example

Balance Sheet: [Your Business Name]

As of December 31, 2025

Assets (What you own) Amount
Current Assets
Cash in Bank $45,000
Accounts Receivable (Commissions Owed) $15,000
Fixed Assets
Office Equipment & Furniture $10,000
Company Vehicle (Net of Depreciation) $30,000
Total Assets $100,000
Liabilities (What you owe)
Current Liabilities
Credit Card Balance $3,000
Short-term Business Loan $12,000
Long-term Liabilities
Vehicle Loan $25,000
Total Liabilities $40,000
Equity (Your Value)
Owner’s Investment $50,000
Retained Earnings (Profit kept in business) $10,000
Total Equity $60,000
Total Liabilities & Equity $100,000
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Cash Flow Statement Example

Quarterly Cash Flow Statement: [Your Business Name]

For Q1 (January – March)

Cash Flow Category Jan Feb Mar
Beginning Cash Balance $25,000 $18,000 $32,000
Cash Inflows (Money In)
Commission Payouts Received $5,000 $28,000 $15,000
Other Income/Loan Proceeds $0 $0 $0
Total Inflows $5,000 $28,000 $15,000
Cash Outflows (Money Out)
Office Rent & Utilities ($3,000) ($3,000) ($3,000)
Marketing & Lead Gen ($5,000) ($5,000) ($8,000)
Payroll/Owner Draw ($4,000) ($6,000) ($4,000)
Software & Tech ($0) ($0) ($1,500)
Total Outflows ($12,000) ($14,000) ($16,500)
Net Cash Flow ($7,000) $14,000 ($1,500)
Ending Cash Balance $18,000 $32,000 $30,500
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Income Statement

Annual Income Statement: [Your Business Name]

For the Year Ending December 31, 2025

Category Amount
Total Revenue (Total Commissions Earned) $500,000
Cost of Goods Sold (COGS)
Referral Fees & Split Commissions ($80,000)
Gross Profit $420,000
Operating Expenses
Marketing & Lead Generation ($60,000)
Office Lease & Utilities ($36,000)
Software & CRM Subscriptions ($12,000)
Professional Services (Legal/Accounting) ($10,000)
Salaries & Payroll Taxes ($150,000)
Travel & Client Entertainment ($12,000)
Total Operating Expenses ($280,000)
Operating Income (EBITDA) $140,000
Interest & Taxes ($35,000)
Net Income (Bottom Line) $105,000

The “Cheat Sheet” Formulas:

  • Gross Profit: $Revenue – COGS$

  • Operating Income: $Gross Profit – Operating Expenses$

  • Net Income: $Operating Income – Taxes/Interest$

Note: In real estate, your “COGS” are usually the commissions you pay out to other agents or brokers. Your “Expenses” are the costs of keeping the lights on and the phone ringing.