My Summer Holiday Income Statement

Most people probably don’t evaluate life like this, but being an accountant, I often analyze situations in financial terms.

An income statement looks at a period of time, reporting on income earned and expenses incurred for that period of time to determine whether you made a profit or a loss.

With summer in the northern hemisphere upon us, I decided to share this 'summer holiday income statement' I prepared after my last summer holiday.

It was possible to put numbers next to some of the expenses I incurred but impossible to put numbers next to the income items.

My Summer Holiday Income Statement:

Income

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Time: - With Family

- To reconnect with myself and others

- To reflect on the past year

- To bond with my children

- To switch off from social media and email

- To rejuvenate from the grind

- To recharge and refocus

- To energize and get the creative juices flowing again

- To breathe fresh air and clear the mind

- To have new experiences and try new things

- To relax

Expenses

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-Monetary costs:

- AirBnB with space for the whole family and a garden for the kids

- Fuel to get to our seaside destination

- Good food

- Good Wine

- Good chocolate ice cream

Mental costs:

- Long drive kiddy tantrums (still recovering from these)

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PROFIT = ABUNDANCE OF HAPPINESS ??

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I'm hope you've booked off some time to recharge and reflect in the coming months. I know my time off gives me the impetus and mental resolve to focus back on my company income statement with renewed vigor and help even more non-finance staff remove their fear of finance.

Wishing you an incredible summer.

Mark

www.accountingmadeeasy.co

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