Income Statement Worksheet Example

The file contains a microsoft excel version 4 0 and above spreadsheet template.

Income statement worksheet example. Although the template is an example of an income statement for a business that purchases inventory and processes it into a final product you can customize it to reflect your business situation. Income statement is one of a company s core financial statements that shows their profit and loss over a period of time. What is an income sheet. 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.

Using this information management can easily spot dips and surges in revenue expenses and overall profit over the course of time. The second worksheet shown on the right is a multi step income statement that calculates gross profit and operating income. An income sheet is a financial document that comes in numerous forms. The profit or loss reflected on an income statement is determined by taking all revenues and subtracting all expenses from both operating and non operating activities.