A restaurant income statement is a layout to suggest clearly the proceedings of all transactions conducted by the respective restaurant in a particular year, for which the statement is being prepared, thereby calculating the net income of the eatery and hence drawing up an estimate of the gross profit or loss incurred from the year’s sales. Such a statement helps restaurant owners assess its present stand in the market and thus design strategies for future development.
Sample Restaurant Income Statement:
Refresha Restaurant
213, Army Street
Los Angeles
001-213-56378291799
www.refresharestaurant.in
Income statement prepared for: 1st March, 2010 – 31st August, 2010
Statement of restaurant income presented on: 1st September, 2010
Restaurant income statement prepared by:
- Mr. Robert Shaun, Head of the Department for Accounts Management.
- Miss Ellie Jones, Assistant Accountant.
Restaurant income statement approved by: Mr. Richard D’ Christiano
Managing Director
Refresha Restaurant.
Restaurant Income Statement as on 1st September, 2010
Particulars (Expenses) Amount ($)
- Food Purchasing Costs 200000
- Beverage Purchasing Costs 350000
- Salary and Wages of employees 125000
- Employee benefits 50000
- Marketing costs 17000
- Expense for resources 6000
- Repair and Maintenance costs 24000
- Taxes paid 41000
- Administrative charges 7800
- Depreciation costs 16000
- Other related costs 3100
____________________________________________ ___________
Net expense 839900
Particulars (Income) Amount ($)
- Income on sale of food 600000
- Income on sale of beverages 750000
- Income from various recreation offered 35000
_____________________________________________ ____________
Net income 1385000
Total profit 545100
___________________________________
___________________________________
[Signature of both officials preparing the income statement]
____________________________________
[Signature of Managing Director]
