← Monthly Budget Review

May Budget Incented Group

Incented, Elevare International Institute, Educare International College
YTD Revenue$50,350from Profit and Loss
YTD Expenditure$568,385operating + capital
YTD Net Result$-518,035revenue less expenditure
Revenue and Expenses Ratios
Ratio Revenue 0.19x
01 Target2
Ratio Expenses 0.73x
01 Target2

Major Events

Elevare International Institute is funded

Karen Join Incented Group

Educare International College is officially acquired

Emily Join Educare International College

First budget presentation

YTD Profit and Loss

Total Revenue$50,350Click to expand
SIT60322$35,950
BSB40420$14,400
Total Operating Expenses$365,664Click to expand
Agent Commission$480
Bank Fees$2,638
Cleaning$1,273
Consulting & Accounting$5,704
Contractors$900
External consultancy$555
General Expenses$88.98
Insurance$3,551
Interest Expense$5,842
Legal expenses$9,052
Light, Power, Heating$909
Lost deposit$20,000
Office Supplies$500
Printing & Stationery$455
Realised Currency Gains$-222
Rent$102,000
Registration fees$1,132
Subscriptions & Licence Fees$7,102
Superannuation$38,486
Stationary$48.36
Telephone & Internet$71.81
Travel - International$3,113
Travel - National$1,276
Unrealised Currency Gains$-122
Wages and Salaries$160,834
Total Capital Expenses$202,721Click to expand
Acquisition$200,000
Cost of Acquisition$2,000
Company Legal$721
Total Expenditure$568,385Click to expand
Agent Commission$480
Bank Fees$2,638
Cleaning$1,273
Consulting & Accounting$5,704
Contractors$900
External consultancy$555
General Expenses$88.98
Insurance$3,551
Interest Expense$5,842
Legal expenses$9,052
Light, Power, Heating$909
Lost deposit$20,000
Office Supplies$500
Printing & Stationery$455
Realised Currency Gains$-222
Rent$102,000
Registration fees$1,132
Subscriptions & Licence Fees$7,102
Superannuation$38,486
Stationary$48.36
Telephone & Internet$71.81
Travel - International$3,113
Travel - National$1,276
Unrealised Currency Gains$-122
Wages and Salaries$160,834
Acquisition$200,000
Cost of Acquisition$2,000
Company Legal$721
Net Profit / Loss$-518,035

May Budget: Target vs Actual

Cash collected$4,800Actual collected against May target
Actual$4,800
0Target $24,917
▲ 80.7% below target
Operating expenses$45,644Actual spend against May target
Actual$45,644
0Target $62,166
▼ 26.6% under target
Expense saving$16,522actual below May budget
Cash Collected from Customers$-20,117
Target $24,917
Actual $4,800
80.7%▼
Total Revenue (Cash)$-20,117
Target $24,917
Actual $4,800
80.7%▼
Agent commission$-2,678
Target $3,158
Actual $480
84.8%▼
Bank Fees$-176
Target $206
Actual $30.00
85.4%▼
Consulting & Accounting$79.93
Target $753
Actual $833
10.6%▲
Contractors$528
Target $112
Actual $640
471.4%▲
Insurance$57.97
Target $332
Actual $390
17.5%▲
Interest Expense$1.75
Target $0.72
Actual $2.47
243.1%▲
Legal expenses$-693
Target $693
Actual $0.00
100.0%▼
Office Expenses$-153
Target $153
Actual $0.00
100.0%▼
Printing & Stationery$-56.82
Target $56.82
Actual $0.00
100.0%▼
Repairs and Maintenance$-119
Target $119
Actual $0.00
100.0%▼
Subscriptions & Licence Fees$-38.28
Target $728
Actual $690
5.2%▼
Superannuation$-1,165
Target $3,718
Actual $2,553
31.3%▼
Support Services$-1,818
Target $1,818
Actual $0.00
100.0%▼
Telephone & Internet$-570
Target $622
Actual $52.00
91.6%▼
Travel - National$-17.15
Target $17.15
Actual $0.00
100.0%▼
Wage and Salaries$-9,705
Target $30,979
Actual $21,274
31.3%▼
Rent$0.00
Target $18,700
Actual $18,700
0.0%●
Total Operating Expenses$-16,522
Target $62,166
Actual $45,644
26.6%▼