“Left over” is only what the business earned minus what it spent. Your accounts also change when owners put money in or take it out, borrow, or haven't paid the card yet.
| In your accounts on Jan 1 | $2,970.25 |
| Left over from the business What you brought in minus what you spent | +$16,490.50 |
| Owners put in | +$6,000.00 |
| Owners took out | −$2,000.00 |
| Business costs owners paid personally, not yet settled | +$2,653.87 |
| Credit card not paid off yet | +$64.15 |
| Loans | +$783.00 |
| Sales tax collected, not paid over yet | +$574.98 |
| Customer deposits held | +$250.00 |
| Bills not paid yet | +$118.60 |
| Customers who still owe you | −$250.00 |
| Traded for animals instead of cash | −$900.00 |
| Breeders owners brought in (not money) | −$4,500.00 |
| In your accounts now | $22,255.35 |
This is the net income in your year-end package, the starting point your tax preparer works from. The full detail is in the formal statements below.
Cash in your accounts today: $22,255.35.
Best month: Oct, $7,847.47. Year so far: $26,202.62.
| Jan | $271.07 |
| Feb | $1,035.18 |
| Mar | $925.19 |
| Apr | $484.97 |
| May | $0.00 |
| Jun | $2,675.93 |
| Jul | $4,058.13 |
| Aug | $4,110.63 |
| Sep | $4,794.05 |
| Oct | $7,847.47 |
| Nov | $0.00 |
| Dec | $0.00 |
Biggest month: Aug, $2,480.20. Year so far: $13,635.30.
| Jan | $837.75 |
| Feb | $1,046.61 |
| Mar | $1,179.76 |
| Apr | $2,441.14 |
| May | $1,055.26 |
| Jun | $1,065.58 |
| Jul | $1,044.41 |
| Aug | $2,480.20 |
| Sep | $1,603.31 |
| Oct | $881.28 |
| Nov | $0.00 |
| Dec | $0.00 |
Money that went out on the business this year, when it went out. Tap a category to see every payment.
Total spent $13,635.30. Equipment counts in full the day you bought it, and feeders the day you bought them. The profit math above spreads those out, so the two totals differ. Money owners took out, loan principal and sales tax you paid over aren't spending on the business.
| Litter | Sold | Sales | Profit |
|---|---|---|---|
| Litter 03 1 still on hand | 10 | $9,349.86 | $8,938.93 |
| Litter 04 6 still on hand | 9 | $6,908.74 | $6,648.25 |
| Litter 05 5 still on hand | 5 | $4,910.39 | $4,791.17 |
| Litter 02 1 still on hand | 3 | $1,784.26 | $1,498.23 |
| Litter 01 1 still on hand | 2 | $531.04 | $331.99 |
| Clutch BP-2 3 still on hand | 2 | $347.22 | $286.87 |
| Clutch BP-1 | 4 | $456.11 | −$128.63 |
| Animal | Sold for | It cost | Profit |
|---|---|---|---|
| 03-01 Eli Whitaker · Jul 2 | $1,417.01 | $25.48 | $1,391.53 |
| 03-02 Marcus Bell · Aug 8 | $1,400.00 | $42.10 | $1,357.90 |
| 05-06 Isaac Moreau · Oct 3 | $1,352.16 | $16.62 | $1,335.54 |
| 03-09 Noor Haddad · Jul 19 | $1,342.75 | $35.98 | $1,306.77 |
| 05-04 Riverbend Reptile Expo buyer · Oct 17 | $1,250.00 | $27.54 | $1,222.46 |
| From | Full amount | Platform fees | You got |
|---|---|---|---|
| Patreon 9 payments | $1,615.74 | $174.50 | $1,441.24 |
| YouTube 3 payments | $440.86 | $440.86 | |
| Ridgeline Feeders · on YouTube 1 payment | $300.00 | $300.00 | |
| Instagram 6 payments | $266.58 | $266.58 | |
| Coldwater Reptile Supply · on Instagram 1 payment · $150.00 in products | $150.00 | $150.00 |
Platforms report the full amount to the IRS on a 1099, so that's what counts as income. Their cut counts as a fee. Match these totals to the 1099s they send in January.
Each partner pays tax on their share of the profit, shown on their Schedule K-1 (Form 1065), whether or not they took it out. Partners don’t get wages. Money taken out is a draw. A set amount paid for work, regardless of profit, is a guaranteed payment.
Everything your tax preparer needs to see your year, in one Excel file. ScaleLedger keeps the books; your preparer decides how they go on your return and talks it over with you.
| Animal sales | $25,617.28 |
| Shipping charged to customers | $1,040.00 |
| Returns and allowances | −$454.66 |
| Net sales | $26,202.62 |
| Content, memberships and sponsors | $2,773.18 |
| Cost of animals sold | −$2,339.15 |
| Animal losses, abnormal | −$18.41 |
| Inventory write-downs | −$210.51 |
| Gross profit | $26,407.73 |
| Operating expenses | |
| Utilities | −$1,146.69 |
| Shipping | −$1,137.10 |
| Travel | −$724.60 |
| Supplies | −$721.85 |
| Payment and marketplace fees | −$696.42 |
| Trade shows | −$500.00 |
| Veterinary | −$405.00 |
| General and administrative | −$299.00 |
| Marketing and advertising | −$166.80 |
| Bad debts | −$150.00 |
| Meals | −$95.95 |
| Penalties | −$25.00 |
| Operating profit before depreciation | $20,339.32 |
| Depreciation | −$4,965.72 |
| Gain or loss on breeders and equipment | −$1,028.24 |
| Other income | $200.00 |
| Interest | −$58.50 |
| Net income | $14,486.86 |
| Assets | |
| Square | $2,789.52 |
| PayPal | $6,240.52 |
| Venmo | $1,876.04 |
| Cash on hand | $8,112.03 |
| Business checking | $3,237.24 |
| Accounts receivable | $100.00 |
| Inventory, animals for sale | $874.27 |
| Breeders, net of depreciation | $21,764.42 |
| Equipment, net of depreciation | $5,253.58 |
| Total assets | $50,247.62 |
| Liabilities | |
| Business credit card | $64.15 |
| Sales tax payable | $623.58 |
| Customer deposits | $250.00 |
| Bills to pay | $118.60 |
| Owed to Jordan Hale | $1,884.74 |
| Owed to Casey Hale | $769.13 |
| Loans | $783.00 |
| Total liabilities | $4,493.20 |
| Partners’ capital | |
| Jordan Hale, 50% | $22,875.34 |
| Casey Hale, 50% | $22,879.08 |
| Total liabilities and equity | $50,247.62 |
| Partner | Beginning | Contributions | Draws | Share of income | Ending |
|---|---|---|---|---|---|
| Jordan Hale 50% | $13,731.91 | $2,900.00 | −$1,000.00 | $7,243.43 | $22,875.34 |
| Casey Hale 50% | $13,731.91 | $3,100.00 | −$1,196.26 | $7,243.43 | $22,879.08 |
Income is shared by ownership percentage. This supports each partner’s Schedule K-1 (Form 1065).