Income Statement: Expenses (Financial Management for Music Retail)

Get a read on your expenses. The expense side of your income statement is as important as revenues. An expense is money that you have spent in running your business. Use the sample income statement to help list your different types of expenses. Note your biggest operating expenses (such as payroll, rent and so forth ) to the smallest, in descending order. Discover how to break out these expenses to arrive at percentage metrics to measure your business growth from year to year.