Internal Consistency: All figures cross-reference across the portfolio — payroll flows to Wages Expense, AR ties to the Aging Report, bank balance matches the Reconciliation, and net income flows to Retained Earnings on the Balance Sheet.
Income Statement (Statement of Operations)
For the month ended March 31, 2025
| Account | March 2025 |
|---|---|
| Revenue | |
| Service Revenue (4000) | $31,000.00 |
| Interest Income (4100) | $99.00 |
| Total Revenue | $31,099.00 |
| Operating Expenses | |
| Wages Expense (6000) | $29,700.00 |
| Supplies Expense (6100) | $1,240.00 |
| Rent Expense (6200) | $2,100.00 |
| Depreciation Expense (6300) | $580.00 |
| Insurance Expense (6400) | $420.00 |
| Interest Expense (6500) | $49.00 |
| Total Operating Expenses | $34,089.00 |
| Net Income (Loss) | ($2,990.00) |
Analysis Note: March shows a net operating loss of $2,990.00, driven primarily by wages expense representing 95.5% of revenue. This is common for seasonal landscaping operations in early-year ramp-up. The company's strong AR pipeline ($19,350.00) and low AP overdue balance indicate healthy cash flow management.
Balance Sheet (Statement of Financial Position)
As of March 31, 2025
| ASSETS | |
|---|---|
| Current Assets | |
| Cash (1000) | $39,742.53 |
| Accounts Receivable (1200) | $19,350.00 |
| Prepaid Insurance (1300) | $2,940.00 |
| Total Current Assets | $62,032.53 |
| Fixed Assets | |
| Equipment (1500) | $48,500.00 |
| Less: Accum. Depreciation (1510) | ($7,540.00) |
| Net Fixed Assets | $40,960.00 |
| TOTAL ASSETS | $102,992.53 |
| LIABILITIES & EQUITY | |
|---|---|
| Current Liabilities | |
| Accounts Payable (2000) | $4,720.00 |
| FICA Payable (2100) | $2,272.06 |
| Federal W/H Payable (2110) | $4,160.00 |
| State W/H Payable (2120) | $1,485.00 |
| Interest Payable (2200) | $49.00 |
| Total Current Liabilities | $12,686.06 |
| Long-Term Liabilities | |
| Notes Payable (2300) | $9,800.00 |
| Total Liabilities | $22,486.06 |
| Owners' Equity | |
| Common Stock / Capital | $83,496.47 |
| Net Income (Loss) — March | ($2,990.00) |
| Total Equity | $80,506.47 |
| TOTAL LIABILITIES & EQUITY | $102,992.53 |
Balance Check: Total Assets $102,992.53 = Total Liabilities + Equity $102,992.53 ✓ | Cash balance matches adjusted book balance from Bank Reconciliation ✓ | AR balance matches AR Aging total ✓ | AP balance matches AP Aging total ✓