1120-S Recast P&L

Enter figures directly from the S-Corp return. Line references match the 2023 1120-S form.

Practice info
Income Page 1 · Lines 1–5
Gross receipts / salesLine 1a
Returns & allowancesLine 1b
Cost of goods soldLine 2
Other incomeLine 5
Operating expenses Page 1 · Lines 7–19
Compensation of officersLine 7
Salaries & wages (other)Line 8
Repairs & maintenanceLine 9
RentsLine 11
Taxes & licensesLine 12
Interest expenseLine 13
Depreciation & amortizationLine 14
Employee benefitsLine 18
Other deductionsLine 19
Add-backs & adjustments Normalization

Enter amounts already included in expenses above that should be added back to normalize earnings for a buyer.

Owner compensation add-back
Owner perks / personal expenses
One-time / non-recurring expenses
Owner health insurance
Owner retirement contributions
Other add-backs

Recast P&L

Enter data on the left to see results

Revenue
Gross receipts—
Less returns & allowances—
Less cost of goods sold—
Other income—
Gross profit—
Expenses & net income
Total operating expenses—
Net income (per return)—
EBITDA bridge
+ Depreciation & amortization—
+ Interest expense—
EBITDA—
Add-backs
+ Owner compensation—
+ Owner perks—
+ One-time expenses—
+ Health insurance—
+ Retirement contributions—
+ Other add-backs—
Seller's Discretionary Earnings —