Income Statement Example In Excel

A statement template that you can reuse for every accounting period is not difficult to make but it can be tedious.

Income statement example in excel. An income statement also known as a profit and loss statement shows revenue and expense over a period of one year. Companies can use the overall results to find the net profit or loss incurred for the period ended at the end. You just have to make two sections in it. An income statement template excel xls helps to create a document that is usually created in the ms excel template it contains the details about all the expenses incurred and incomes generated by a company.

It is still also an essential part of your business reports. The income statement is generally a record of income received and expenses incurred over that period. This income statement template was designed for the small business owner and contains two example income statements each on a separate worksheet tab see the screenshots the first is a simple single step income statement with all revenues and expenses lumped together. The attached excel template of an income statement is to be used for understanding how to calculate net profit from gross sales reported by a company.

The second worksheet shown on the right is a multi step income statement that calculates gross profit and operating income. An income statement reports a company s income expenses and thus derives its profit generated for a specific period generally for a financial year. Use this accessible template to create an income statement. Along with the balance sheet and the cash flow statement the income statement is one of the three basic financial statements.

Income statement excel template. One for enlisting expenses and the other for revenues earned.