Example Co | $20 million annual revenue product company
Board package
Read the financial statements and operating KPIs in one package. These October figures remain a draft while the close is in progress.
How Vanward calculates thisOctober 2026 | Draft board package | Example Co
Income statement
| Line | October |
|---|---|
| Revenue | $1,800,000.00 |
| Cost of goods sold | $1,080,000.00 |
| Gross profit | $720,000.00 |
| Operating expenses, including interest and tax | $380,000.00 |
| Net income | $340,000.00 |
Balance sheet
| Line | October |
|---|---|
| Cash | $2,500,000.00 |
| Accounts receivable | $3,000,000.00 |
| Inventory | $2,000,000.00 |
| Prepaid expenses | $110,000.00 |
| Lease right-of-use asset | $470,000.00 |
| Total assets | $8,080,000.00 |
| Accounts payable | $1,788,000.00 |
| Corporate card | $12,000.00 |
| Lease liability | $470,000.00 |
| Equity including current income | $5,810,000.00 |
| Total liabilities and equity | $8,080,000.00 |
Supporting trial balance
| Account | Debit | Credit |
|---|---|---|
| Cash | $2,500,000.00 | $0.00 |
| Accounts receivable | $3,000,000.00 | $0.00 |
| Inventory | $2,000,000.00 | $0.00 |
| Prepaid expenses | $110,000.00 | $0.00 |
| Lease right-of-use asset | $470,000.00 | $0.00 |
| Accounts payable | $0.00 | $1,788,000.00 |
| Corporate card | $0.00 | $12,000.00 |
| Lease liability | $0.00 | $470,000.00 |
| Equity and retained earnings | $0.00 | $5,470,000.00 |
| Revenue | $0.00 | $1,800,000.00 |
| Cost of goods sold | $1,080,000.00 | $0.00 |
| Operating expenses | $380,000.00 | $0.00 |
Assets $8,080,000.00 = liabilities $2,270,000.00 + equity including current income $5,810,000.00.
Cash flow and KPIs
| Metric | October |
|---|---|
| Opening cash | $2,200,000.00 |
| Customer receipts | $1,700,000.00 |
| Payments | ($1,400,000.00) |
| Ending cash | $2,500,000.00 |
| Gross margin | 40.00% |
| Net margin | 18.89% |
| Monthly revenue growth | 12.50% |