CU Small Business Portfolio – Description
Throughout the semester we had created our own small business and have went through all of the required components of owning your own business. My small business I created is an Auto detailing/upholstery shop (interior and exterior). I have 5 employees. I created my business during the time of the pandemic and now have to show how my business has been withstanding the effects from COVID. I want to show my small business has suffered since the pandemic and it has made it difficult to keep up with business needs and paying my employees.
For this portfolio, the instructor is asking us to create:
Monthly Company Payroll Ledger showing Gross Pay, Net Pay, Deductions, and hours for 2020 and 2021. This must be in an excel spreadsheet. I created the small business with 5 full time employees each making $10/hour and paid monthly on the 15th of each month. No overtime and no benefits provided.
Quarterly Profit and Loss Statement-2019, 2020, 2021 (Only have 2020 and 2021 completed)
Quarterly IRS Form 941-2019-2020-2021
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