Template For Income Statement

It is used to assess the financial performance and position.

Template for income statement. The business income statement template is usually used by business agencies or huge industrial capitalists that invest in several businesses. An income statement also known as a profit and loss statement shows revenue and expense over a period of one year. An income statement shows the income and expenses of a company over a specified period of time. You will likely want to customize the revenue section to highlight your company s main sources of revenue.

It is one of the major financial statements and generally prepared at the end of accounting period. One can use a predesigned income statement template to format this document accordingly with all accurate figures and details. The template includes the budget the net profit every year the financial status of the company. An income statement is a simple and straightforward report on a business cash generating ability.

In the income statement template there are categories for sales revenue service revenue interest revenue and other revenue. Along with the balance sheet and the cash flow statement the income statement is one of the three basic financial statements. Use this accessible template to create an income statement. Cost of goods sold cogs for a retail company one of the main expenses is the cost of goods sold.

This way a worksheet is created to keep a record of the different investments made.