Whatinternal factors affecting budget performance?
Whatexternal factors affecting budget performance?
What are thechanges of internal and external factors need to be looked atto be more profitable?
If you change an expense,who will need to beinformed?
Did you pass your excel document, thereforegot approval on your revised budget? Yes / No
What actions have been suggested where deviations have been identified?
BUDGET PROFIT & LOSS Statement
Term 2 2020
Author:
Date: (DD/MM/YYYY)
	Predicted Budget (Step 3)	Revised Budget (Step 4A Instructions)	Proposed Budget (Step 4B Instructions)
Revenue
Cash	$737.60	$3,973.75	$3,771.04
Paypal	$2,360.03	$12,714.39	$12,065.78
EFTPOS	$341.51	$1,839.82	$1,745.96
TOTAL	$3,439.14	$18,160.33	$17,582.78
Cost of Goods Sold
Used Stock	$1,160.99	$6,254.68	$5,925.39
Paypal Transaction Fee	$47.20	$254.29	$241.32
TOTAL	$1,206.19	$6,498.20	$6,166.71
GROSS PROFIT	$2,232.95	$12,029.75	$11,416.15
Expenses
Marketing
Flyer	$81.00	$81.00	$81.00
Website	$69.00	$69.00	$69.00
Facebook	$36.00	$36.00	$36.00
Utilities (electricity, water)
Electricity	$144.00	$144.00	$144.00
Water	$89.60	$89.60	$89.60
Rent	$200.00	$200.00	$200.00
Labour (including PAYG)
Wages	$6,688.00	$6,688.00	$5,574.40
Superannuation @ 10%	$668.80	$668.80	$668.80
Insurance
Public Liability	$33.75	$33.75	$33.75
Work Cover	$19.60	$19.60	$19.60
Total Expenses	$8,029.75	$8,029.75	$6,916.15
NET PROFIT	$5,796.80	$4,000.00	$4,500.00