"Mary Kay Income and Expense Worksheet"

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Mary Kay Income and Expense Worksheet
Income:
___________Total Sales…All income from Classes, facials, reorders, dovetail, etc…use your sales slips
total including tax…We want to know how much money you actually received.
___________Other Income…1099-misc from Mary Kay…Commissions, promotions, prizes,
awards & car program
Inventory:
___________ Beginning Inventory…from last year Schedule C, use “ending inventory” on page
st
___________Ending Inventory…Count All Section 1 Merchandise (Wholesale) as of Dec 31
___________Expired Product…past expiration date, damaged, or no longer sellable
Purchases:
___________All Section 1 merchandise purchased from MK & from other consultants (Wholesale)
___________All Section 2 & 3 merchandise purchased from MK & other consultants
___________Supplies you purchased to resell as part of your product (cups, baskets, towels, etc..)
___________PERSONAL USE…wholesale value of product you used for yourself
___________Demonstration Product…wholesale value of product you used as samples & demos
___________Hostess Gifts…wholesale value of product (limited to $25 per client per year)
Direct Expenses:
___________Advertising…preferred customer program (direct support), booths, newspaper ads
___________Bad Debt/Refunds…money not collected & product not returned to MK
___________Commissions…paid to others, dovetail, office help, independent contractors
Mary Kay Income and Expense Worksheet
Income:
___________Total Sales…All income from Classes, facials, reorders, dovetail, etc…use your sales slips
total including tax…We want to know how much money you actually received.
___________Other Income…1099-misc from Mary Kay…Commissions, promotions, prizes,
awards & car program
Inventory:
___________ Beginning Inventory…from last year Schedule C, use “ending inventory” on page
st
___________Ending Inventory…Count All Section 1 Merchandise (Wholesale) as of Dec 31
___________Expired Product…past expiration date, damaged, or no longer sellable
Purchases:
___________All Section 1 merchandise purchased from MK & from other consultants (Wholesale)
___________All Section 2 & 3 merchandise purchased from MK & other consultants
___________Supplies you purchased to resell as part of your product (cups, baskets, towels, etc..)
___________PERSONAL USE…wholesale value of product you used for yourself
___________Demonstration Product…wholesale value of product you used as samples & demos
___________Hostess Gifts…wholesale value of product (limited to $25 per client per year)
Direct Expenses:
___________Advertising…preferred customer program (direct support), booths, newspaper ads
___________Bad Debt/Refunds…money not collected & product not returned to MK
___________Commissions…paid to others, dovetail, office help, independent contractors
___________Insurance…product insurance, extra insurance for product in your house or car
___________Insurance…Health insurance premiums (if this is your only source of insurance)
___________Interest…credit cards, business loans, personal loans used only for MK
___________Legal & Professional Fees…bookkeepers, tax preparers, attorneys, accountants
___________Rent or lease equipment…copiers, postal meters, audio/visual, furnishings
___________Rent for Training Center…business property
___________Sales Taxes…paid to MK on purchases and other taxes paid
st
nd
___________Telephone…(not for 1
phone) 2
long distance, call waiting, message center,
internet service
Office Expense:
__________Bank Fees…monthly account fees, bankcard processing, money orders,
new checks(Business Account)
__________Consumable Products…paper, pens, gold labels, cotton balls, towels
__________Education materials…videos, audiotapes, books, publications, magazines
__________Event Fees…weekly meetings, debuts, fashion shows, local events, MKU
__________Gifts…NOT Section 1, Birthday/Holiday gifts (limited to $25 per client per year)
__________Postage…shipping & handling, jet pack, phone order charge, express mail
__________Printing & Copies…flyers, newsletters, business cards, stationary
__________Small Office Equipment…storage containers, electronics, filing cabinets, furnishings,
Software
__________Training Center Expenses…coffee, snacks, flowers, decorations, class @ home, open house
__________Uniforms…Red Jacket Uniform, Director’s Suit, include the dry cleaning
__________Other expenses_____________________________________________________________
Depreciation:
List any equipment you use in your business (computers, large office equipment, furniture, etc. that cost
$100 or more)
Item_____________________________________ Cost_________________________________
Business Use______________________________ Date Purchased________________________
Item_____________________________________ Cost_________________________________
Business Use______________________________ Date Purchased________________________
Item_____________________________________Cost_________________________________
Business Use______________________________ Date Purchased________________________
Auto Expenses:
Make, Model & Year____________________________ Date Purchased___________ Cost____________
Do you own or lease this car?_________Did you keep a mileage log?________Do you have another car?_________
___________Total miles driven all year __________________Total Business miles
___________Parking & Bridge Tolls
__________________Car Loan Interest/Lease payments
Travel Expenses:
__________Transportation & lodging
_______________Registration Fees
__________Meals & Entertainment
_______________Tips(SEPARATE from meals)
Home Office Expenses:
___________Total Sq. Ft. of Home
_______________Sq. Ft. Used for Business
Do you use this area Exclusively for business? ____ Do you Regularly meet clients at your home? ______
___________Total Rent
_______________Total Utilities (Elec., Gas, Cable/Sat., Garbage, Water)
___________Homeowners/Renters Insurance _______________Repair/Maintenance
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