Free Business Income Worksheet Calculator

A business income worksheet is a financial tool that helps business owners calculate gross profit by tracking total revenue and subtracting the cost of goods sold (COGS). It provides a clear picture of your business profitability and helps identify areas for improvement.

Gross profit is calculated by subtracting your total Cost of Goods Sold (COGS) from your total revenue. The formula is: Gross Profit = Total Revenue - Total COGS. This calculator does this automatically as you enter your numbers.

Total Revenue includes all income your business generates from selling goods or services. This includes sales of physical products, service fees, consulting income, subscription revenue, and any other income directly related to your core business operations.

COGS includes all direct costs of producing your products or delivering services. This typically includes raw materials, direct labor costs, manufacturing supplies, and shipping costs. It does not include indirect expenses like marketing, rent, or administrative salaries.

Gross profit is a key indicator of your business health and pricing strategy effectiveness. It shows how efficiently you produce goods or services and helps you understand your profit margins. A healthy gross profit margin ensures you have enough funds to cover operating expenses and generate net profit.

Yes! This calculator works for any time period you choose. Simply enter the revenue and costs for your desired timeframe - whether daily, weekly, monthly, quarterly, or annually. Make sure all your figures are from the same time period for accurate results.