Income Statement Sample Template

An income statement shows the income and expenses of a company over a specified period of time.

Income statement sample template. Looking for an income statement example to use for your business. 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. I d say overall tidy forms has one of the best looking templates out of the 5 free ones i am listing here. Here is an example of how to prepare an income statement from paul s adjusted trial balance in our earlier accounting cycle examples.

Single step income statement. They have yearly income statement templates income statement multi step income statement template and sample balance sheets as well as income statements. Investors and business managers use the income statement to determine the profitability of the company it is one of three major financial statements required by gaap generally accepted accounting principles. 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.

Our financial statement template allows you full access to the excel file to change the line item descriptions and is set to automatically tabulate your numbers. Free income statement template. As you can see this example income statement is a single step statement because it only lists expenses in one main category. The second worksheet shown on the right is a multi step income statement that calculates gross profit and operating income.