Income Statement Example Sheet

For example annual statements use revenues and expenses over a 12 month period while quarterly statements focus on revenues and expenses incurred during a 3 month period.

Income statement example sheet. Also referred to as an income statement or profit and loss account this is used to show the revenues and expenses of a company over a particular 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. Along with the balance sheet and the cash flow statement the income statement is one of the three basic financial statements. What is an income sheet.

Use this accessible template to create an income statement. The second worksheet shown on the right is a multi step income statement that calculates gross profit and operating income. An income statement also known as a profit and loss statement shows revenue and expense over a period of one year.