Get the free Monthly operating statement - Oklahoma Water Resources Board - owrb ok

ORB 1/91 Schedule 1 MONTHLY OPERATING STATEMENT Name: Month: From: Address: County: State/Zip: To: Operating Revenue: Water Revenue $ Sewer Revenue Water Tap Fee Sewer Tap Fee Connection Fee Late

How to fill out monthly operating statement

How to fill out a monthly operating statement?

1. Begin by gathering all relevant financial data for the given month. This includes income statements, expense receipts, bank statements, and any other financial records.
2. Organize the collected information into different categories such as revenue, cost of goods sold, operating expenses, and non-operating expenses. This categorization will help in accurately tracking and analyzing the financial data.
3. Calculate the total revenue for the month by adding up all sources of income. This can include sales revenue, service fees, interest income, or any other sources of revenue.
4. Determine the cost of goods sold (COGS) by calculating the direct costs associated with producing goods or services. This includes the cost of materials, labor, and any other direct expenses related to production.
5. Calculate the gross profit by subtracting the COGS from the total revenue. This will give you an idea of the profitability of your operations before considering operating expenses.
6. Analyze and record operating expenses, which include items such as rent, utilities, payroll, marketing expenses, and other general overhead costs. Categorize these expenses appropriately.
7. Calculate the operating income by subtracting the total operating expenses from the gross profit. This figure represents the profitability of the core business operations.
8. Consider any non-operating income or expenses that do not directly relate to the day-to-day business operations. This can include interest income, investment gains, or any extraordinary expenses.
9. Determine the net income by subtracting non-operating expenses (if any) from the operating income. This reflects the overall profitability of the business after taking into account all revenue and expenses.
10. Present the monthly operating statement in a clear and organized format, making it easy to understand and interpret. Use appropriate headings, subtotals, and formatting to enhance readability.

Who needs a monthly operating statement?

1. Small business owners: Monthly operating statements are crucial for business owners to track the financial performance of their businesses and make informed decisions based on the data.
2. Accountants and bookkeepers: Professionals responsible for managing the financial records of a business use monthly operating statements to prepare accurate financial reports and assist in financial analysis.
3. Investors and lenders: Investors and lenders often require monthly operating statements when assessing the financial health and viability of a business before making investment or lending decisions.
4. Managers and executives: Managers and executives rely on monthly operating statements to evaluate the performance of different departments or business units and make strategic decisions.

In summary, filling out a monthly operating statement involves gathering financial data, categorizing income and expenses, calculating profitability, and presenting the information in a clear format. It is essential for small business owners, accountants, investors, lenders, and managers to utilize monthly operating statements to track financial performance and make informed decisions.

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What is monthly operating statement?

Monthly operating statement is a financial document that shows the expenses and revenues of a business for a specific month.

Who is required to file monthly operating statement?

Businesses and organizations that are required to report their financial activities to regulatory authorities may be required to file monthly operating statements.

How to fill out monthly operating statement?

To fill out a monthly operating statement, you need to record all expenses, revenues, and other financial transactions for the month and prepare a summary of the financial results.

What is the purpose of monthly operating statement?

The purpose of monthly operating statement is to track the financial performance of a business on a monthly basis and make informed decisions based on the financial data.

What information must be reported on monthly operating statement?

The information that must be reported on a monthly operating statement includes revenues, expenses, net income, cash flow, and other financial metrics.

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