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2.13. Is there a shortcut for filling out the overhead worksheet?

It is inconvenient for me to fill out the entire overhead worksheet at this time is there a shortcut for doing it without itemizing everything out?

A shortcut is available via the following formula:

Gross Income from previous year - (net) from 1040 or corporate tax form = yearly expenses. Yearly expenses/12 = Monthly expenses.

Enter your monthly expenses into one of the fields labeled 'other' on the overhead worksheet and click the green OK checkmark to accept your changes.

Here is an example:

A Sign Company Grosses $85,000 in the past year. Their net income is $50,000. $85,000 (Gross) - $50,000 (Net) = $35,000 (expenses). $35,000 (Yearly Expenses) / 12 (months) = $2916.67 (Monthly Expenses).

In the above example the sign shop owner would place the $2916.67 monthly expense figure into the 'Other' column of the overhead worksheed to represent his/her monthly expenses.

See also these topics:
Can I remove the $6400 figure in the overhead worksheet?
How do I get to the overhead worksheet?
My hourly rate is too high what should I do?