This form gets you to focus on how much of each sales dollar makes it to the bottom line of the income statement. Our form explains why the bottom line of a sole proprietorship's income statement is different from a corporation's.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.